VANCOUVER, British Columbia, May 11, 2026 (GLOBE NEWSWIRE) -- LEEF Brands, Inc. (CSE:LEEF) (OTCQB:LEEEF) ("LEEF" or the "Company") today announced the final closing of its previously announced oversubscribed financing led by Mindset Capital, bringing total gross proceeds raised across both closings to approximately US$9.3 million.

In connection with the final closing, the Company issued 24,994,642 common share units for gross proceeds of approximately US$4.7 million and 357,553 preferred shares for gross proceeds of US$100,000. Across both closings, the Company raised aggregate gross proceeds of approximately US$9.3 million through the issuance of approximately 33,146,842 common share units and approximately 11,084,132 preferred shares.

The financing consisted of a combination of common share units (the "Units") and convertible preferred shares (the "Preferred Shares"). Units were issued at a price of C$0.25 per Unit, with each Unit consisting of one common share and one full common share purchase warrant exercisable at C$0.30 for a period of 24 months. The Preferred Shares carry a 15% annual dividend, consisting of 10% in cash and 5% paid-in-kind ("PIK"), and are convertible into common shares at a conversion price of C$0.38 per share.

The financing was led by Mindset Capital and included participation from existing shareholders and new strategic investors. The offering was oversubscribed, reflecting strong investor demand and continued confidence in LEEF's long-term strategy and asset base during a challenging capital markets environment ...