Leef Brands Inc. has announced the appointment of Hirsh Jain to its Board of Directors, effective October 1, 2026. The appointment expands the Board to six members. 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. He has also been appointed as the Chairman of the Nomination Committee and as a member of the Audit Committee.
Mr. Jain is 38 years old and serves as the Chief Executive Officer of Ananda Strategy, LLC, a cannabis-focused business advisory firm he founded in November 2020. Prior to founding the firm, he served as a Government Affairs Director at Airbnb in San Francisco and as an Engagement Manager at McKinsey & Company in New York City. He holds a B.A. from the University of California, Berkeley and a J.D. from Harvard Law School.
In connection with the appointment, Kevin Wilson has resigned from the Board of Directors, resulting in a five-member Board. Mr. Wilson will continue to serve as the Company’s Chief Financial Officer. The Company stated that the changes are part of a broader effort to strengthen independent Board oversight of management, with independent directors now comprising three of the Board’s five members.
Mr. Jain will receive compensation for his service as a member of the Board, including an annual cash retainer of $35,000 paid in four equal quarterly installments. He will also receive 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 per grant on each anniversary of his appointment. Additionally, for his service as Chairman of the Nomination Committee, he will receive an initial grant of $10,000 of Restricted Share Units and annual grants valued at $10,000 per grant. For his service as a member of the Audit Committee, he will receive an initial grant of $5,000 of Restricted Share Units and annual grants valued at $5,000 per grant. All Restricted Share Units vest over one year in twelve equal monthly installments.
The Company will also enter into a customary indemnification agreement with Mr. Jain. The Company has filed a press release dated September 21, 2026, announcing the appointment, which is furnished as Exhibit 99.1 to this report.
