v3.26.1
Interim Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 5,755,972 $ 2,190,722
Accounts receivable, net 2,634,041 1,592,653
Inventory, net 3,585,165 3,350,889
Prepaid expenses and deposits 1,259,806 505,438
Deferred costs and other current assets 504,551 508,987
Total current assets 13,739,535 8,148,689
Non-current assets    
Property and equipment, net 24,980,042 25,041,313
Right of use assets, net 1,632,991 1,678,072
Intangible assets, net 1,084,859 1,122,199
Assets held for sale 400,000 400,000
Other assets 12,605 12,605
Total assets 41,850,032 36,402,878
Current liabilities    
Accounts payable and other accrued liabilities 5,210,220 4,768,534
Related party payables 1,423,902 1,916,770
Current portion of notes payable 864,557 1,001,395
Current portion of related party consideration payable 105,000 340,000
Lease liabilities, short term 167,154 160,285
Taxes payable 80,411 161,770
Total current liabilities 7,851,244 8,348,754
Non-current liabilities    
Lease liabilities, net of current portion 1,610,589 1,659,120
Notes payable, net of current 9,665,249 9,783,361
Derivative liabilities, long term 11,514,895 8,893,600
Uncertain tax positions 16,190,724 15,219,548
Deferred tax liability 766,796 766,796
Total liabilities 47,599,497 44,671,179
Stockholders’ Deficit    
Common stock; no par value; unlimited shares authorized; 265,964,990 and 257,947,996 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively
Additional paid-in capital 132,301,294 131,445,688
Accumulated other comprehensive loss (336,879) (336,879)
Accumulated deficit (139,803,363) (139,377,110)
Total equity attributable to stockholders’ of Leef Brands Inc. (5,749,465) (8,268,301)
Non-controlling interest
Total stockholders’ deficit (5,749,465) (8,268,301)
Total liabilities and stockholders’ deficit 41,850,032 36,402,878
Series A-1 Preferred Stock [Member]    
Stockholders’ Deficit    
Series A-1 Preferred stock; no par value; unlimited shares authorized; 10,726,579 and 0 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively $ 2,089,483