leef brands inc icnaf leef has completed the acquisition of the leaf at 73740 llc in an allstock transaction as at january 11 2023 the leaf is a california retailer located in the heart of palm desert california at 73740 el paseo “we are extremely excited to welcome the leaf into the leef brands family and to commence our corporate strategy of acquiring top performing and best in class retail dispensaries in locations that will serve to augment leef product offerings in select markets the leaf has built a trusted retail platform in the heart of palm desert and we look forward to garnering invaluable customer insights through the leaf’s platform and begin to integrate those insights throughout our organization to build a lasting relationship with the cannabis consumer” stated micah anderson ceo of leef brands the acquisition is inclusive of the dispensary located in the heart of palm desert california and the delivery service that currently serves a population of over 100000 residents and tourists under the terms of the purchase agreement leef brands acquired all of the equity interests in the leaf for 929 million common shares at a price per share equal to 00666 the acquisition is expected to be immediately accretive to leef brands on both a sales and ebitda basis all shares issued will be subject to a contractual lockup period the company has also announced that the board of directors has approved the grant of an aggregate of 845 million restricted stock units to officers and consultants of the company 725 million rsus will vest immediately with the remaining 12 million vesting evenly over 12 months each vested rsu entitles the holder to receive one common share of the company leef shares were trading 2757 higher at 00697 per share at the time of writing thursday morning get your daily dose of cannabis news on benzinga cannabis don’t miss out on any important developments in the industry photo benzinga edit with photos by jarmoluk and lindsayfox on pixabay