Leef Brands Inc (LEEEF)

[JeffElmo]

New DD

LOI to acquire De Krown Enterprise
1) can manufacture 118,000 rolls per day
2) $650,000 in assets
3) made $324,000 last quarter with margin of 54%
4) 324,000x4= $1,296,000 with 54% = $699,840 of profit

https://finance.yahoo.com/news/icanic-brands-expands-california-brand-123000703.html

LOI to acquire THC engineering
1) builds one of a kind pre-roll machines
2) combines with preexisting and De Krown, this will make them into a premier pre-roll company. Think of faster production for distribution and sales

https://finance.yahoo.com/news/icanic-brands-expands-california-brand-123000703.html

EARNINGS earnings ending Oct 31, 2020
1) 2.65M revenue, up 45% yoy
2) Gross margin 1.21M, up 58.6% yoy
3) EBITDA 167,637 UP from -1,503,270 yoy
4) cash and equivalent up $651,549, UP 31% previous quarter to 2.68M


https://finance.yahoo.com/news/icanic-brands-announces-financial-results-123000063.html

Hired Mark Smith

"Mr. Smith brings a wealth of expertise to this role, having founded, built and transacted over $200,000,000 USD in US Cannabis businesses over the past 7 years. His capabilities include extensive industry start-up and scaling experience, strong financial orientation and experience operating in highly regulated markets including Colorado, Nevada and Michigan. Mr. Smith is an experienced and proven Cannabis entrepreneur with a track record of building enduring industry brands while leveraging operational scale. Mr. Smith has been actively involved in developing best-in-class brands such as Cannapunch, Highly Edible, Dutch Girl and Nordic Goddess (all of which were acquired by AYR Wellness Inc. formerly, AYR Strategies Inc. and Cannabis Strategies Acquisition Corp.) as well as developing a chain of dispensaries with his team members (his family) called Tumbleweed."

https://finance.yahoo.com/news/icanic-brands-announces-mr-mark-123000614.html

Summary so far
1) Bought a new manufacturer
2) bought a company specializes in building state of the art pre-roll tech
3) revenue and margins are up
4) EBITDA IS POSITIVE
5) Hired a guy who specializes in getting companies acquired. AYR is currently a $34 dollar OTC stock.

Last company AYR acquired was LHSIF who is currently trading at $1.14.

give it a year or two and we might be in dollar land.