VANCOUVER, British Columbia, Dec. 05, 2025 (GLOBE NEWSWIRE) -- LEEF Brands, Inc. (CSE:LEEF, OTCQB:LEEEF) ("LEEF" or the "Company"), a leading multi-state operator, today announced the full early conversion of its outstanding 11% secured convertible debentures due September 9, 2027, in principal amount together with accrued and unpaid interest of approximately US$10,588,928.The conversion was completed under amended incentive terms that offered debenture holders the opportunity to settle their debentures into units at a conversion price of CAD $0.25 per unit, with each unit consisting of one common share and one common share purchase warrant exercisable at CAD $0.30 for a period of 36 months. Under the early settlement, approximately 59,209,048 units will be issued.

In addition, the Company confirms that Chief Executive Officer Micah Anderson settled his full debenture under the terms above, as well as an additional $982,080 in notes payable at $0.25 per unit, demonstrating strong insider alignment and confidence in the Company's long-term growth strategy.

Strategic Rationale

The full early conversion delivers several important benefits for LEEF:

Strengthens the balance sheet by eliminating substantially all remaining long-term debenture debt. The Company has two remaining pieces of real estate debt on its balance sheet. One note payable for $4,200,000 at 4% interest and a second for $7,000,000 at 0% interest.

Improves financial flexibility as the Company scales operations in California ...