# EDGAR Filing Document

**Accession Number:** 0001711141
**File Stem:** 0001104659-26-065825
**Filing Date:** 2026-5
**Character Count:** 18083
**Document Hash:** 16f1b6340f22797a378bb23855f52d31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-065825.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001104659-26-065825

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Leef Brands Inc.
- **CENTRAL INDEX KEY:** 0001711141
- **STANDARD INDUSTRIAL CLASSIFICATION:** MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95591
- **FILM NUMBER:** 261015266

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITE 1500, 1055 WEST GEORGIA ST.
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** A1
- **BUSINESS PHONE:** 4083079366

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITE 1500, 1055 WEST GEORGIA ST.
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** A1

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Icanic Brands Co Inc.
- **DATE OF NAME CHANGE:** 20210507

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTEGRATED CANNABIS COMPANY, INC.
- **DATE OF NAME CHANGE:** 20190909

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CNRP MINING INC.
- **DATE OF NAME CHANGE:** 20190820
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mindset LEEF LLC
- **CENTRAL INDEX KEY:** 0002128425

**ORGANIZATION NAME:**
- **EIN:** 415014442
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 30 WEST MISSION STREET
- **STREET 2:** SUITE 8
- **CITY:** SANTA BARBARA
- **STATE:** CA
- **ZIP:** 93101
- **BUSINESS PHONE:** 805-284-9405

**MAIL ADDRESS:**
- **STREET 1:** 30 WEST MISSION STREET
- **STREET 2:** SUITE 8
- **CITY:** SANTA BARBARA
- **STATE:** CA
- **ZIP:** 93101

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Leef Brands Inc.

**Title of Class of Securities:** Common Shares

**CUSIP Number:** —

**Date of Event Which Requires Filing of this Statement:** 05/15/2026

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Mindset LEEF LLC | Names of Reporting Persons<br>Mindset LEEF LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>20054412.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>20054412.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>20054412.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>20054412.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.2% | Percent of Class Represented by Amount in Row (9)<br>7.2% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** For Row 11, based on 280,358,364 shares outstanding of the Issuer as of May 6, 2026, as set forth in the Issuer's Form 10-Q, filed May 6, 2026.

---

| 1. | Names of Reporting Persons<br>Mindset Value Fund LP | Names of Reporting Persons<br>Mindset Value Fund LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>7235325.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>7235325.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7235325.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7235325.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.6% | Percent of Class Represented by Amount in Row (9)<br>2.6% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** For Row 11, based on 280,358,364 shares outstanding of the Issuer as of May 6, 2026, as set forth in the Issuer's Form 10-Q, filed May 6, 2026.

---

| 1. | Names of Reporting Persons<br>Mindset Value Wellness Fund LP | Names of Reporting Persons<br>Mindset Value Wellness Fund LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5876625.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5876625.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5876625.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5876625.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.1% | Percent of Class Represented by Amount in Row (9)<br>2.1% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** For Row 11, based on 280,358,364 shares outstanding of the Issuer as of May 6, 2026, as set forth in the Issuer's Form 10-Q, filed May 6, 2026.

---

| 1. | Names of Reporting Persons<br>Mindset Capital LLC | Names of Reporting Persons<br>Mindset Capital LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>33166362.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>33166362.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>33166362.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>33166362.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>11.8% | Percent of Class Represented by Amount in Row (9)<br>11.8% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** For Rows 6, 8 and 9, Mindset Capital LLC is the Investment Manager of Mindset LEEF LLC, Mindset Value Fund LP, Mindset Value Wellness Fund LP (the "Funds") in which such shares referred to above are held. As a result, Mindset Capital LLC possesses the power to vote and dispose or direct the disposition of all the shares owned by the Funds. Mindset Capital LLC disclaims beneficial ownership of any of the shares held by the Funds.

For Row 11, based on 280,358,364 shares outstanding of the Issuer as of May 6, 2026, as set forth in the Issuer's Form 10-Q, filed May 6, 2026.

---

| 1. | Names of Reporting Persons<br>Aaron Edelheit | Names of Reporting Persons<br>Aaron Edelheit |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>769327.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>33166362.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>769327.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>33166362.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>33935689.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>33935689.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>12.1% | Percent of Class Represented by Amount in Row (9)<br>12.1% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, IN | Type of Reporting Person (See Instructions)<br>HC, IN |

**Comment for Type of Reporting Person:** Mr. Edelheit is the Managing Member of Mindset Capital LLC, the Managing Member of Mindset LEEF LLC, and the General Partner of Mindset Value Fund LP and Mindset Value Wellness Fund LP. As a result, Mr. Edelheit possesses the power to vote and dispose or direct the disposition of all the shares beneficially owned by Mindset LEEF LLC, Mindset Value Fund LP, and Mindset Value Wellness Fund LP as investment manager to the Funds. Mr. Edelheit disclaims beneficial ownership of any of the shares held by the Funds.

For Row 11, based on 280,358,364 shares outstanding of the Issuer as of May 6, 2026, as set forth in the Issuer's Form 10-Q, filed May 6, 2026.

---

**Item 1(a). Name of Issuer:**
Leef Brands Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
Suite 2500 Park Place, 666 Burrard Street, Vancouver, BC V6C 2X8, Canada

**Item 2(a). Name of Person Filing:**
Mindset LEEF LLC, Mindset Value Fund LP, Mindset Value Wellness Fund LP, Mindset Capital LLC, Aaron Edelheit

**Item 2(b). Address of Principal Business Office:**
30 West Mission Street, Suite 8, Santa Barbara, CA 93101

**Item 2(c). Citizenship:**
Mindset LEEF LLC is a Delaware Limited Liability Company. Mindset Value Fund LP is a Delaware Limited Partnership. Mindset Value Wellness Fund LP is a Delaware Limited Partnership. Mindset Capital LLC is a Delaware Limited Liability Company. Aaron Edelheit is a citizen of the United States.

**Item 2(d). Title of Class of Securities:**
Common Shares

**Item 2(e). CUSIP Number:**
—

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Aggregate of all Reporting Persons: 33,935,689
Mindset LEEF LLC - 20,054,412
Mindset Value Fund LP - 7,235,325
Mindset Value Wellness Fund LP - 5,876,625
Mindset Capital LLC - 33,166,362
Aaron Edelheit - 769,327

**(b) Percent of class:**

Aggregate of all Reporting Persons: 12.1%+
Mindset LEEF LLC - 7.2%+
Mindset Value Fund LP - 2.6%+
Mindset Value Wellness Fund LP - 2.1%+
Mindset Capital LLC - 11.8%+
Aaron Edelheit - 12.1%+
+ Based on 280,358,364 shares outstanding of the Issuer as of May 6, 2026, as set forth in the Issuer's Form 10-Q, filed May 6, 2026.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Mindset LEEF LLC - 0
Mindset Value Fund LP - 0
Mindset Value Wellness Fund LP - 0
Mindset Capital LLC - 0
Aaron Edelheit - 769,327

**(ii) Shared power to vote or to direct the vote:**

Mindset LEEF LLC - 20,054,412
Mindset Value Fund LP - 7,235,325
Mindset Value Wellness Fund LP - 5,876,625
Mindset Capital LLC - 33,166,362
Aaron Edelheit - 33,935,689

**(iii) Sole power to dispose or to direct the disposition of:**

Mindset LEEF LLC - 0
Mindset Value Fund LP - 0
Mindset Value Wellness Fund LP - 0
Mindset Capital LLC - 0
Aaron Edelheit - 769,327

**(iv) Shared power to dispose or to direct the disposition of:**

Mindset LEEF LLC - 20,054,412
Mindset Value Fund LP - 7,235,325
Mindset Value Wellness Fund LP - 5,876,625
Mindset Capital LLC - 33,166,362
Aaron Edelheit - 33,935,689

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Mindset LEEF LLC**

**Date:** 05/22/2026

**By:** /s/ Aaron Edelheit

**Name & Title:** Aaron Edelheit, Managing Member of Mindset Capital LLC, the Managing Member of Mindset LEEF LLC

**Mindset Value Fund LP**

**Date:** 05/22/2026

**By:** /s/ Aaron Edelheit

**Name & Title:** Aaron Edelheit, Managing Member of Mindset Capital LLC, the General Partner of Mindset Value Fund LP

**Mindset Value Wellness Fund LP**

**Date:** 05/22/2026

**By:** /s/ Aaron Edelheit

**Name & Title:** Aaron Edelheit, Managing Member of Mindset Capital LLC, the General Partner of Mindset Value Wellness Fund LP

**Mindset Capital LLC**

**Date:** 05/22/2026

**By:** /s/ Aaron Edelheit

**Name & Title:** Aaron Edelheit, Managing Member

**Aaron Edelheit**

**Date:** 05/22/2026

**By:** /s/ Aaron Edelheit

**Name & Title:** Aaron Edelheit