v3.26.1
Segmented Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segmented Information

 

20. Segmented Information

 

Operations by reportable segment for the three months ending March 31, 2026 and 2025 are as follows:

   Wholesale Concentrates   Retail   Corporate &
Other		   Total 
   Three Months Ended March 31, 2026 
   Wholesale Concentrates   Retail   Corporate &
Other		   Total 
Net revenue  $8,490,773   $886,229   $-   $9,377,002 
Cost of sales   4,283,813    468,539    -    4,752,352 
Gross profit   4,206,960    417,690    -    4,624,650 
                     
Operating expenses                    
Advertising and promotion   8,722    17,894    7,721    34,337 
Depreciation and amortization   235,183    2,321    47,986    285,490 
Wages and salaries   418,669    215,426    1,055,595    1,689,690 
Office and general expenses   440,639    69,434    91,518    601,591 
Research and development expenses   2,081    -    -    2,081 
Legal and professional fees   39,653    30,000    224,643    294,296 
License and compliance   (4,956)   9,327    1,335    5,706 
Insurance expenses   7,945    8,073    82,069    98,087 
Excise and other taxes   46,600    8,551    15    55,166 
Lease expenses   122,583    60,977    679    184,239 
Travel and business development   45,267    2,256    42,777    90,300 
Total operating expenses   1,362,386    424,259    1,554,338    3,340,983 
                     
Income (loss) from operations   2,844,574    (6,569)   (1,554,338)   1,283,667 
                     
Other expense                    
Interest expense   266,110    550    50,174    316,834 
Change in fair value derivative liability   -    -    390,405    390,405 
Other expense (income)   -    -    28,101    28,101 
Total other expense   266,110    550    468,680    735,340 
                     
Income (loss) before provision for income taxes   2,578,464    (7,119)   (2,023,018)   548,327 
                     
Provision for income taxes   1,206    -    973,374    974,580 
Net income (loss) and comprehensive income (loss)   2,577,258    (7,119)   (2,996,392)   (426,253)
                     
Foreign currency translation   -    -    -    - 
Net loss and comprehensive loss attributable to non-controlling interest   -    -    -    - 
Net income (loss) and comprehensive income (loss) attributable to shareholders of Leef Brands, Inc.  $2,577,258   $(7,119)  $(2,996,392)  $(426,253)

 

 

   Wholesale Concentrates   Retail   Corporate &
Other		   Total 
   Three Months Ended March 31, 2025 
   Wholesale Concentrates   Retail   Corporate &
Other		   Total 
Net revenue  $8,380,413   $1,017,848   $-   $9,398,261 
Cost of sales   5,922,610    1,402,361    -    7,324,971 
Gross profit   2,457,803    (384,513)   -    2,073,290 
                     
Operating expenses                    
Advertising and promotion   30,878    49,317    58,968    139,163 
Depreciation and amortization   243,393    26,507    24,603    294,503 
Wages and salaries   431,504    246,538    1,202,717    1,880,759 
Office and general expenses   552,555    120,634    124,228    797,417 
Research and development expenses   8,628    -    -    8,628 
Legal and professional fees   139,382    14,501    334,056    487,939 
License and compliance   12,760    -    -    12,760 
Insurance expenses   2,717    (5,637)   102,491    99,571 
Excise and other taxes   48,437    -    -    48,437 
Lease expenses   (30,097)   -    188,499    158,402 
Travel and business development   40,074    1,073    12,109    53,256 
Total operating expenses   1,480,231    452,933    2,047,671    3,980,835 
                     
Income (loss) from operations   977,572    (837,446)   (2,047,671)   (1,907,545)
                     
Other expense                    
Interest expense   325,735    49,561    217,205    592,501 
Change in fair value derivative liability   -    -    (3,538,440)   (3,538,440)
Other expense (income)   -    -    51,505    51,505 
Total other expense   325,735    49,561    (3,269,730)   (2,894,434)
                     
Income (loss) before provision for income taxes   651,837    (887,007)   1,222,059    986,889 
                     
Provision for income taxes   -    -    721,113    721,113 
Net income (loss) and comprehensive income (loss)   651,837    (887,007)   500,946    265,776 
                     
Foreign currency translation   -    -    -    - 
Net income (loss) and comprehensive income (loss) attributable to shareholders of Leef Brands, Inc.  $651,837   $(887,007)  $500,946   $265,776