[PRESS RELEASE] – VANCOUVER, British Columbia, Sept. 30, 2025 – LEEF Brands Inc., a premier multistate operator, announced that its extraction lab in Upstate New York is now operational. The company has completed installation of its equipment and has commenced solventless concentrate production, with hydrocarbon capabilities expected to come online next quarter. This positions LEEF to meet rising demand in one of the U.S.’s fastest-growing cannabis markets.
All concentrate production for 2025 has already been allocated to a combination of LEEF’s established brand partners, many of whom are also leaders in New York, as well as a select group of new in-state clients. This provides immediate revenue impact and underscores the strong demand for LEEF’s concentrates.
“Launching operations in New York is a landmark moment for LEEF,” LEEF Brands CEO Micah Anderson said. “Our solventless lab is already producing premium rosin, and with hydrocarbon production expected to come online next quarter, we will soon deliver a full portfolio of concentrates. The fact that our 2025 production is already fully committed speaks volumes about the trust our partners place in LEEF’s quality, consistency and execution.”
This milestone marks LEEF’s transformation into a multistate operator with a strong presence in two of the top 10 cannabis markets in the United States. According to the New York Office of Cannabis Management, the state generated over $1 billion in sales in 2024, and analysts expect New York to exceed $1.5 billion in 2025, with the potential to surpass $2 billion in 2026. Concentrates are used in approximately 55% of products sold, making New York an ideal market for LEEF.
“As we scale in New York, we expect this market not only to drive meaningful revenue growth but also deliver higher margins as we push into 2026,” LEEF Brands Chief Financial Officer Kevin Wilson said. “Together with successful harvests at Salisbury Canyon Ranch in California, New York operations position us to significantly improve our financial profile as we head into 2026.”
This announcement follows the company’s previously announced completion of the New York license acquisition in June 2025, marking a rapid transition from acquisition to operational launch and initial sales.
