LEEF Brands Signs Purchase Agreement and Enters Escrow for Its Intention to Acquire 1,900 Acre Ranch in Santa Barbara County for the Purpose of Cannabis Cultivation

August 3, 2023

VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) — LEEF Brands, Inc. (CSE: LEEF, OTC: LEEEF) (“LEEF” or the “Company”), a premier vertical cannabis operator, is excited to announce that it has now entered escrow on the property related to its earlier announced US$7.0 million financing and transaction Salisbury Canyon Ranch LLC. This announcement follows the initial press release on June 1, 2023, concerning the sale of a 60% interest of its wholly-owned cultivation and real estate assets in Santa Barbara, California.

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