[PRESS RELEASE] – VANCOUVER, British Columbia, April 17, 2025 – LEEF Manufacturers Inc., considered one of California’s biggest and maximum refined hashish firms, has effectively begun planting Salisbury Canyon Ranch, a 1,900-acre trophy ranch this is set to develop into some of the biggest hashish farms on the planet.
LEEF is planting 65 acres of hashish this spring, and Salisbury Canyon Ranch could have two harvests this yr—one in the summertime and every other within the fall. The summer time harvest will basically be used for distillate manufacturing, and the autumn run will upload lines optimized for hydrocarbon and solventless extraction.
The Corporate plans to extend operations to 187 acres of hashish cultivation by means of 2027. LEEF additionally holds a 100-acre hemp allow for the valuables, which it’s strategically comparing for optimum implementation.
“That is the fruits of years of exhausting paintings and is a transformational milestone for our corporate,” LEEF Manufacturers CEO Micah Anderson mentioned. “Salisbury Canyon Ranch represents now not only a huge scaling of our manufacturing features, however a elementary shift in how we keep an eye on our provide chain, be sure that product high quality, and set up prices.”
By means of bringing cultivation in-house at this scale, LEEF expects to noticeably cut back enter prices whilst gaining higher keep an eye on over provide and adorning the standard of its concentrates. The farm is predicted to force margin enhancements starting in the second one part of 2025 and past.
Salisbury Canyon Ranch Valuation
Salisbury Canyon Ranch used to be just lately independently valued at $40 million, roughly two times the corporate’s present marketplace cap. LEEF obtained Salisbury Canyon Ranch in 2023 for $5.5 million and has invested roughly $7 million in infrastructure enhancements. The $40 million valuation underscores this undertaking’s robust go back on funding to shareholders.
Jesse Redmond, head of Investor Members of the family and Industry Building, just lately mentioned the valuation and plans for planting the farm with Anderson and leader monetary officer Kevin Wilson. The entire video is to be had right here.
Company Replace
LEEF issued 600,000 commonplace stocks at a median worth of $0.24 CAD consistent with percentage to settle $100,000 USD of payables to a carrier supplier.
