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Cannabis Extractor LEEF Brands Sees Stronger Margins And EBITDA In Q1, CEO Explains Why
Vertical cannabis operator LEEF Brands, Inc. (CSE:LEEF) (OTC:LEEEF) announced the release of its audited financial statements for the year ended 2023 on Thursday along with interim financial statements for the first quarter of fiscal 2024.
"I am proud of the team and their performance in the past year and specifically in this quarter," said Micah Anderson, the company's CEO. "We've seen stronger margins and EBITDA in the first quarter of the year and believe Q1 results are the beginning signs of success stemming from the efforts to reduce redundancies after our merger with Icanic Brands."
In 2022, LEEF Brands merged with Icanic Brands Company in a $120 million deal, a move Anderson called the next stage of LEEF Brands' development.
See also: Icanic Brands Announces Corporate Name Change To Leef Brands
Under his leadership, LEEF Brands has grown to a business led ...