Leef Brands Secures $7M Financing Via Partial Sale Of Its Cultivation And Real Estate Assets
Portfolio Pulse from Vuk Zdinjak
LEEF Brands secured $7M financing through the sale of a 60% interest in its cultivation and real estate assets in Santa Barbara, California. The funds will be used to develop a large biomass cultivation site, support working capital needs, and expand LEEF Labs.
June 01, 2023 | 2:57 pm
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LEEF Brands secured $7M financing through a partial asset sale, which will be used to develop a large biomass cultivation site and expand LEEF Labs.
LEEF Brands secured $7M in financing through the sale of a 60% interest in its cultivation and real estate assets. This funding will be used to develop one of the largest biomass cultivation sites in California, support working capital needs, and expand LEEF Labs. This development is likely to have a positive impact on the company's stock price in the short term, as it demonstrates the company's ability to secure funding and expand its operations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100