LEEF Brands Teams Up With Farming First To Enhance Its Cannabis Supply Chain
Portfolio Pulse from Vuk Zdinjak
LEEF Brands, Inc. has entered into a strategic partnership with Farming First Holdings, LLC. Under the agreement, Farming First will cultivate 27 acres of cannabis for LEEF, ensuring a steady supply of biomass material. LEEF also secured a right of first refusal on an additional 27 acres for the 2024 season. The company raised $600,000 through a note payable arrangement and $100,000 through the issuance of 4.7 million common shares.
July 07, 2023 | 12:02 pm
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LEEF Brands' partnership with Farming First and successful fundraising could strengthen its supply chain and financial position, potentially boosting its competitiveness.
The partnership with Farming First ensures a steady supply of cannabis, which is crucial for LEEF's operations. The successful fundraising provides additional financial resources, which could be used for business expansion or debt repayment. Both developments could have a positive impact on LEEF's stock price in the short term.
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