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Our Company Leef Brands, Inc. (Formerly Icanic Brands Company Inc.) was incorporated on September 15, 2011, under the laws of the province of British Columbia and is registered extra-provincially under the laws of Ontario. LEEF is a public company whose common shares are listed for trading on the Canadian Securities Exchange ( CSE ) under the symbol LEEF .
The business is unprofitable at the operating level (-21.82% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 22.1% YoY with margins expanding 6.2pp.
Negative free cash flow of -$979K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$35M
▲ +22.1% YoY
Net Income (TTM)
-$18M
▲ +28.4% YoY
Op. Margin
-21.82%
▲ +6.2pp YoY
ROIC
-43.61%
▲ +1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$979K
▲ +86.0% YoY
Op. Cash Flow (TTM)
-$337K
▲ +67.9% YoY
Net Debt
$11M
Cash & Equiv.
$2M
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