LEEF Brands Restructures Convertible Debentures

Leef Brands Inc (TSE:LEEF) has released an update.

LEEF Brands, Inc., a prominent California-based cannabis operator, has successfully amended the terms of its 11.0% Secured Convertible Debentures to extend the maturity date from 2024 to 2027 and offered a one-time conversion option. The amendments were made with the consent of the debenture holders, eliminating the need for a previously scheduled meeting. This strategic restructuring step is part of the company’s broader plan to strengthen its financial position.

For further insights into TSE:LEEF stock, check out TipRanks’ Stock Analysis page.