Canada · Delayed Price · Currency is CAD Leef Brands Earnings Call Transcripts
Fiscal Year 2026
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Record gross profit and margin expansion in Q1 2026 driven by internal cultivation, despite flat revenue and ongoing price compression. Strategic financing, the Himalaya acquisition, and federal rescheduling position the business for scalable growth and potential export opportunities.
Fiscal Year 2025
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Revenue grew 22% year-over-year with Q4 margins reaching 45% and positive cash flow, driven by the integration of Salisbury Canyon Ranch and improved in-house cultivation. Focus shifts to completing the California farm for higher ROI and consistent supply.
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Q3 2025 marked a turning point with strong revenue and margin growth, driven by the first harvest at Salisbury Canyon Ranch and rapid New York expansion. Gross margin more than doubled year-over-year, cash flow turned positive, and all 2025 New York output is pre-sold.