Mr. Micah Anderson reports

LEEF BRANDS ANNOUNCES SUCCESSFUL COMPLETION OF ACQUISITION OF ITS NEW YORK LICENSE

Leef Brands Inc. has had a significant development as it begins to expand nationally.

Leef closes on New York Type 1 cannabis processor licence

Leef has officially closed on the acquisition of a Type 1 cannabis processor licence in New York. This is a plant-touching licence that allows the company to engage in extraction, blending and infusion, as well as packaging, labelling and branding its products. This milestone positions Leef Brands as a multistate operator and marks the first phase of bringing its extensive experience crafting concentrates in California to the east coast.

Leef plans to replicate its proven California operations, tailored to meet the unique demands of the New York market. New York has grown from a $160-million cannabis retail market in 2023 to $1-billion in 2024, with projections of $1.5-billion in retail sales in 2025. With concentrates used in approximately 55 per cent of cannabis products sold in New York, this licence presents a significant opportunity for Leef to leverage its extraction capabilities and support the brands driving growth in the region.

"This marks a major step in our expansion beyond California," said Micah Anderson, chief executive officer of Leef Brands. "Securing a Type 1 cannabis processor licence in New York gives us a gateway into one of the most exciting cannabis markets in the country, and we're eager to bring our expertise and build partnerships in the region. Our goal is to replicate our business model in California and leverage the long-standing client relationships we've built with many of the brands that are already performing well in the New York market."

Leef to attend Benzinga Cannabis Capital Conference in Chicago

Leef will also be attending the Benzinga Cannabis Capital Conference in Chicago on June 9 and June 10, 2025, one of the industry's premier gatherings for cannabis executives, investors and thought leaders.

Leef's executive team, including Mr. Anderson (chief executive officer), Kevin Wilson (chief financial officer) and Jesse Redmond (head of investor relations and business development), will be speaking on panels and meeting with investors, lenders and brand partners.

"We look forward to connecting with capital partners and innovative brands as we scale our operations and expand to new markets," said Mr. Redmond. "This conference provides a dynamic platform to share our story and build meaningful relationships that support our long-term vision."

About Leef Brands Inc.

Leef Brands is a leading California-based extraction and manufacturing cannabis company, recognized for its large-scale vertical integration and as one of the state's most sophisticated operators. With a comprehensive supply chain, innovative manufacturing processes and a dynamic bulk concentrate portfolio, Leef powers some of the largest cannabis brands in the United States.

We seek Safe Harbor.