Current Report · Items 5.02, 7.01, 9.01 · 8-K
LEEF BRANDS INC
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Item Departure 5.02 of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Director On October 1, 2026, the Board of Directors (the “Board”) of Leef Brands, Inc. (the “Company”) appointed Hirsh Jain as a member of the Board, effective October 1, 2026. Mr.…
Filed Oct 2, 2026Accepted Oct 2, 2026, 4:39 PM EDTCIK 1711141Accession 0001493152-26-045552
Company context
Leef Brands, Inc. (“LEEF,” “we,” “our” or the “Company”) 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. The Company is a cannabis branded products manufacturer based in California. LEEF is a public company whose common shares are listed for trading on the Canadian Securities Exchange (“CSE”) under the symbol “LEEF”.
Current securities
Historical securities (2)
Disclosure sections
Items 5.02, 7.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item Departure
5.02 of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
Appointment
of Director
On
October 1, 2026, the Board of Directors (the “Board”) of Leef Brands, Inc. (the “Company”) appointed Hirsh Jain
as a member of the Board, effective October 1, 2026. Mr. Jain will serve as a director until his successor is duly elected and qualified,
or if earlier, until his death, disability, resignation, disqualification or removal. Mr. Jain’s appointment will expand the Board
to six directors. Mr. Jain was also appointed to serve as the Chairman of the Nomination Committee and as a member of the Audit Committee.
Mr.
Jain is 38 years old and the Chief Executive Officer of Ananda Strategy, LLC, a cannabis-focused business advisory firm founded by Mr.
Jain which works with cannabis brands, retailers, distributors, testing labs, technology platforms, professional service firms and capital
providers in the United States on matters ranging from competitive licensing, legislative strategy, regulatory intelligence, market expansion,
business litigation, strategic communication and other varied corporate initiatives. Mr. Jain has been self-employed since founding Ananda
Strategy, LLC in November 2020. Prior to working in cannabis, Mr. Jain was a Government Affairs Director at Airbnb in San Francisco.
Before that, he worked as an Engagement Manager at McKinsey & Company in New York City. Mr. Jain has a B.A. from UC Berkeley, and
a J.D. from Harvard Law School.
Mr.
Jain will receive customary compensation as a member of the Board and its committees. For his service as a member of the Board, he will
receive an annual cash retainer of $35,000.00 paid in four equal quarterly installments, an initial grant of $50,000 of Restricted Share
Units as of October 1, 2026 and annual grants of Restricted Share Units thereafter valued at $50,000.00 per grant on each anniversary
of his appointment. Additionally, for his service as the Chairman of the Nomination Committee, he will receive an initial grant of $10,000
of Restricted Share Units as of October 1, 2026 and annual grants of Restricted Share Units thereafter valued at $10,000.00 per grant
on each anniversary of his service as Chairman of the Nomination Committee. Furthermore, for his service as a member of the Audit Committee,
he will receive an initial grant of $5,000 of Restricted Share Units as of October 1, 2026 and annual grants of Restricted Share Units
thereafter valued at $5,000.00 per grant on each anniversary of his service as a member of the Audit Committee. All Restricted Share
Units vest over one year in twelve equal monthly installments. The Company will also reimburse Mr. Jain for his reasonable and out-of-pocket
expenses incurred in connection with his services as a member of the Board.
Other
than as set forth in this Item 5.02 of Form 8-K, there are no arrangements or understandings between Mr. Jain and any other person pursuant
to which he was selected as a director. There are no family relationships between Mr. Jain and any director or executive officer of the
Company, and there are no transactions involving Mr. Jain that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Director
Indemnification Agreement
In
connection with the appointment of Mr. Jain to the Board, the Company will enter into a customary indemnification agreement (the “Indemnification
Agreement”), substantially in the form previously approved by the Board. The foregoing description of the Indemnification Agreement
does not purport to be complete and is qualified in its entirety by reference to the full text of the Indemnification Agreement, a copy
of which is filed as Exhibit 10.1 hereto and incorporated by reference into this Item 5.02.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item Regulation FD Disclosure.
7.01
On
October 1, 2026, the Company issued a press release announcing Mr. Jain’s appointment to the Board. A copy of the press release
is furnished hereto as Exhibit 99.1 and incorporated into this Item 7.01 by reference.
The
information in this Item 7.01 of Form 8-K, including the accompanying Exhibit 99.1, shall not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability
of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,
or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific
reference in such filing.
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htmExhibit
99.1
Source:
LEEF Brands Inc.
September
21, 2026 08:30 ET
LEEF
Brands Strengthens Board Independence, Appoints Hirsh Jain to Board of Directors
VANCOUVER,
British Columbia, Sept. 21, 2026 (GLOBE NEWSWIRE) - LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF) (“LEEF” or the “Company”),
a leading California concentrate company, today announced the appointment of 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 advisor 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 i…
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