Mr. Jesse Redmond reports

LEEF BRANDS STRENGTHENS BOARD INDEPENDENCE, APPOINTS HIRSH JAIN TO BOARD OF DIRECTORS

Leef Brands Inc. has appointed Hirsh Jain, a leader in cannabis policy and strategy, to its board of directors as an independent director. Mr. Jain has served as a strategic adviser to Leef, working with the company on the evolving federal and state policy landscape and opportunities related to interstate commerce, international exports and market expansion.

In connection with Mr. Jain's appointment, Kevin Wilson has resigned from the board of directors, resulting in a five-member board, and will continue to serve as Leef's chief financial officer. The changes are part of Leef's broader effort to strengthen independent board oversight of management. Following the appointment, independent directors will comprise three of the board's five members. Leef's audit and compensation committees will each be comprised entirely of independent directors, while its nominating and corporate governance committee will be majority independent. Together, these changes advance Leef's objective of building a governance structure aligned with the standards and practices expected of companies listed on major U.S. exchanges.

"Hirsh has been a valued strategic advisor to Leef and we are pleased to welcome him to our board of directors," said Micah Anderson, chief executive officer of Leef Brands. "His deep understanding of cannabis policy, market development and the evolving regulatory landscape will be increasingly important as we prepare for opportunities in interstate commerce and international markets. Just as importantly, his appointment meaningfully strengthens the independence and composition of our board. With independent directors now comprising a majority of the board and independent oversight strengthened across our key committees, we are continuing to build the governance infrastructure expected of larger U.S. public companies. This is an important part of Leef's evolution and our long-term strategy."

Mr. Jain is the founder and chief executive officer of Ananda Strategy, a cannabis-focused advisory firm that works with operators on regulatory and legislative strategy, market expansion, competitive licensing, strategic communications and other corporate initiatives. He has worked in the cannabis industry for nine years and has advised top operators navigating complex regulatory, legislative and market-development issues.

Since the launch of adult-use sales in California in 2018, Mr. Jain has worked closely on many of the policy and market issues shaping the state's cannabis industry, engaging with the governor's office, state officials and dozens of local governments. His work with operators across the California supply chain has given him a broad perspective on the state's market and the different regulatory and commercial challenges facing businesses within it, experience that will be relevant to Leef as it continues to grow its California operations.

Prior to entering the cannabis industry, Mr. Jain served as director of government affairs at Airbnb in San Francisco and as an engagement manager at McKinsey & Company in New York. He holds a BA from the University of California, Berkeley, and a JD from Harvard Law School.

"We're entering a period of significant change in the cannabis industry and I believe Leef is exceptionally well positioned for what comes next," said Mr. Jain. "As federal and state policy continues to evolve, the barriers separating cannabis markets will increasingly come under pressure, creating opportunities for companies with the right assets, capabilities and partnerships. Having worked closely with Micah and the Leef team, I have tremendous respect for what they've built and I think there's a much bigger opportunity ahead. I'm excited to join the board and contribute my experience in policy, market strategy and business development as Leef enters its next phase of growth."

Mr. Jain's appointment comes as Leef continues to prepare for potential interstate commerce and international export opportunities. The company has filed DEA registration applications across its California and Nevada licences, and is building relationships in key international markets while preparing its operations to meet destination-market standards.

About Leef Brands Inc.

Leef Brands is a leading California concentrate company. With a comprehensive supply chain, innovative manufacturing processes, a dynamic bulk concentrate portfolio and a growing line of branded products, Leef powers some of the largest cannabis brands in the United States.

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