Leef Brands Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 6.99 million compared to USD 6.12 million a year ago. Net income was USD 10.5 million compared to net loss of USD 1.59 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.03 a year ago.
For the nine months, sales was USD 22.48 million compared to USD 28.03 million a year ago. Net loss was USD 6.91 million compared to USD 2.74 million a year ago.