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LEEF Brands, Inc. (OTC:LEEEF) (CSE:LEEF) has entered escrow on the property related to its $7.0 million financing and transaction Salisbury Canyon Ranch LLC.
Micah Anderson, CEO of LEEF Brands, stated, “Signing the purchase agreement and entering escrow on this property represents a significant step forward in our strategic plan to improve upon LEEF Brands' already successful large scale manufacturing company. It brings us one step closer to realizing our vision of developing one of the largest biomass cultivation sites in California, allowing us to enhance our supply chain, improve upon our product quality and consistency, and ultimately bring a better offering to our customers.”
Emily Heitman, COO, stated: “LEEF Brands has been a leader in scaled manufacturing in California since the inception of proposition 64 over seven years ago. One of the issues we commonly see in California is the prolific use of pesticides on surrounding non-cannabis crops leading to crop damage or crop failure on licensed cannabis material throughout the state. This ranch is uniquely positioned geographically to ensure mitigation from these types of common crop failures we see on the market.”
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Photo: Benzinga edit with photos by jarmoluk and lindsayfox on Pixabay
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