Leef Brands Inc (CSE: LEEF), previously known as Icanic Brands, officially announced on Tuesday its intent to sign an expeditious list regarding their acquisition of Tier 1 processing license in New Jersey and becoming multi-lateral operator.
Firma announced it has secured an area covering over 7000 square meters and initiated sales activity in New York to enable „quick entry onto market at minimum capital investment”, in accordance with press communication.
„New York represents an unprecedented opportunity for LEEF Brands, particularly considering that 55% of their Indian coconut products sold here.” – stated LEEF’s General Director Micah Anderson during their release.
Situation aroses due to the fact that New York’s Indian-origin furniture market rapidly developed during 2023-2024; sales surged from 160 Million Dollars per Year during 2023-2024 according to estimates provided by India-related firm; 2024-2025 could potentially see sales reaching 1.5 Billion Dollars!
LEEF announceds plans to bring its California business model to New York by offering Indian concentrated tea leaves such as destilates, low odor and non-fibroid extract. Furthermore, this firm said they plan on taking advantage of existing relationships between partners of Californian brand that already operate within New York city limits.
„LEEF has spent the last seventeen years perfecting its California operation – one of the most competitive Indian contract farming markets – while expanding into New York is part of an overall strategic plan to establish our successful model in all 50 states”. Anderson noted:
Expansion follows LEEF’s recently expanded production capacity in California. Here the firm reported 66% and 50% respectively increases in Ethanol extrusion capacity as well as no-ramp suspension tonnage production at the start of October respectively.
Green Market Report recently informed of LEEF’s departure from selling consumer products, in order to focus on producing cannabis concentrate.
Anderson noted the expansion in New York provides them with „an unprecedented opportunity” of creating new revenue generating streams by 2025, diversifying markets further and raising margins while maintaining high quality standards.
Hej znajomecze, I am delighted to inform you that LeefBrands signed an immediate list regarding their acquisition of Tier 1 processing license for New York processing center which allows us to enter India’s 1.5 Bn USD coin market permanently by 2025.
Notable information includes this tweet by Jesse Redmond: Protected… pic.twitter.com/R8wsR3Op9M (@jesseredmond) on February 18th 2025 rd