Business
Glass House Brands and LEEF Announce MSA for The Leaf El Paseo Dispensary and Off-take Agreement
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF) (“LEEF” or the “Company”), one of California’s premier vertical extraction companies, today announced a Management Services Agreement (“MSA”) with Glass House Brands, Inc. (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), a leading vertically integrated cannabis operator in the United States. Under the MSA, Glass House will manage operations of LEEF’s Palm Desert, Calif
About this update from Leef Brands Inc
[{"type":"image","alt":"LEEF Brands Inc.","displaySize":"","headline":null,"caption":"LEEF Brands Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":232,"url":"https://media.zenfs.com/en/globenewswire.com/fd96d2b25e896aaa9233eb8dfe354658"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fveWigFwthXJyfYpn.AwgA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMyNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fd96d2b25e896aaa9233eb8dfe354658","width":300,"height":232}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF) (“LEEF” or the “Company”), one of California’s premier vertical extraction companies, today announced a Management Services Agreement (“MSA”) with Glass House Brands, Inc. (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), a leading vertically integrated cannabis operator in the United States. Under the MSA, Glass House will manage operations of LEEF’s Palm Desert, California, dispensary, “The Leaf El Paseo,” on behalf of LEEF.","length":558,"tagName":"p"},{"type":"text","content":"This mutually beneficial agreement grants Glass House exclusive rights to manage all dispensary operations, including, but not limited to, the sale of cannabis products, the purchase of cannabis product inventory, and employee management, for an initial period of one year, with the potential for extension. This agreement marks the first of its kind for Glass House.","length":367,"tagName":"p"},{"type":"text","content":"Glass House will assume daily management responsibilities of The Leaf El Paseo, allowing Glass House to expand its retail footprint in California while enabling LEEF to focus on its core business as a premier concentrate provider. The agreement includes an off-take agreement from Glass House to LEEF, securing a significant portion of the annual raw cannabis material required to power LEEF’s extraction lines.","length":411,"tagName":"p"},{"type":"text","content":"“We are excited to work with LEEF, a respected peer in California under this agreement, as we expand our exposure to the Palm Springs market for both retail and wholesale contributions,” said Kyle Kazan, Co-Founder, Chairman, and CEO of Glass House Brands. “This MSA agreement represents the continued development of our retail operation and ...