v3.26.1
Interim Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets      
Cash $ 5,755,972 $ 2,190,722 $ 2,731,979
Accounts receivable, net 2,634,041 1,592,653 2,394,542
Inventory, net 3,585,165 3,350,889 4,222,917
Prepaid expenses and deposits 1,259,806 505,438 621,527
Deferred costs and other current assets 504,551 508,987 507,186
Total current assets 13,739,535 8,148,689 10,478,151
Non-current assets      
Property and equipment, net 24,980,042 25,041,313 26,042,616
Right of use assets, net 1,632,991 1,678,072 2,439,888
Intangible assets, net 1,084,859 1,122,199 2,232,153
Assets held for sale 400,000 400,000 1,445,483
Other assets 12,605 12,605 338,685
Total assets 41,850,032 36,402,878 42,976,976
Current liabilities      
Accounts payable and other accrued liabilities 5,210,220 4,768,534 6,613,793
Holdback liability   935,618
Related party payables 1,423,902 1,916,770 1,488,866
Current portion of notes payable 864,557 1,001,395 1,337,490
Current portion of related party consideration payable 105,000 340,000 500,000
Lease liabilities, short term 167,154 160,285 302,736
Taxes payable 80,411 161,770 227,307
Total current liabilities 7,851,244 8,348,754 11,405,810
Non-current liabilities      
Lease liabilities, net of current portion 1,610,589 1,659,120 2,282,743
Notes payable, net of current 9,665,249 9,783,361 9,246,547
Convertible debentures, net of current and discount   9,976,000
Derivative liabilities, long term 11,514,895 8,893,600 9,007,907
Uncertain tax positions 16,190,724 15,219,548 12,608,732
Deferred tax liability 766,796 766,796 883,181
Total liabilities 47,599,497 44,671,179 55,410,920
Stockholders’ Deficit      
Common stock; no par value; unlimited shares authorized; 257,947,996 and 172,984,299 shares issued and outstanding as of December 31, 2025 and 2024, respectively
Additional paid-in capital 132,301,294 131,445,688 109,650,027
Accumulated other comprehensive loss (336,879) (336,879) (336,536)
Accumulated deficit (139,803,363) (139,377,110) (121,747,435)
Total equity attributable to stockholders’ of Leef Brands Inc. (5,749,465) (8,268,301) (12,433,944)
Non-controlling interest
Total stockholders’ equity (deficit) (5,749,465) (8,268,301) (12,433,944)
Total liabilities and stockholders’ equity (deficit) 41,850,032 36,402,878 $ 42,976,976
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