<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Mindset LEEF LLC -->
          <cik>0002128425</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>05/15/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001711141</issuerCik>
        <issuerName>Leef Brands Inc.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>52426X104</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>Suite 2500 Park Place</com:street1>
          <com:street2>666 Burrard Street</com:street2>
          <com:city>Vancouver</com:city>
          <com:stateOrCountry>A1</com:stateOrCountry>
          <com:zipCode>V6C 2X8</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Mindset LEEF LLC</reportingPersonName>
      <memberGroup>a</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>20054412.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>20054412.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>20054412.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>7.2</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
      <comments>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.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Mindset Value Fund LP</reportingPersonName>
      <memberGroup>a</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7235325.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7235325.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7235325.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>2.6</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
      <comments>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.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Mindset Value Wellness Fund LP</reportingPersonName>
      <memberGroup>a</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>5876625.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>5876625.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>5876625.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>2.1</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
      <comments>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.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Mindset Capital LLC</reportingPersonName>
      <memberGroup>a</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>33166362.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>33166362.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>33166362.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>11.8</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <comments>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.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Aaron Edelheit</reportingPersonName>
      <memberGroup>a</memberGroup>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>769327.00</soleVotingPower>
        <sharedVotingPower>33166362.00</sharedVotingPower>
        <soleDispositivePower>769327.00</soleDispositivePower>
        <sharedDispositivePower>33166362.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>33935689.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>12.1</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>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.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Leef Brands Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>Suite 2500 Park Place, 666 Burrard Street, Vancouver, BC V6C 2X8, Canada</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Mindset LEEF LLC, Mindset Value Fund LP, Mindset Value Wellness Fund LP, Mindset Capital LLC, Aaron Edelheit</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>30 West Mission Street, Suite 8, Santa Barbara, CA 93101</principalBusinessOfficeOrResidenceAddress>
        <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.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>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</amountBeneficiallyOwned>
        <classPercent>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.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Mindset LEEF LLC - 0
Mindset Value Fund LP - 0
Mindset Value Wellness Fund LP - 0
Mindset Capital LLC - 0
Aaron Edelheit - 769,327</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>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</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Mindset LEEF LLC - 0
Mindset Value Fund LP - 0
Mindset Value Wellness Fund LP - 0
Mindset Capital LLC - 0
Aaron Edelheit - 769,327</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>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</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>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.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Mindset LEEF LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Aaron Edelheit</signature>
        <title>Aaron Edelheit, Managing Member of Mindset Capital LLC, the Managing Member of Mindset LEEF LLC</title>
        <date>05/22/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Mindset Value Fund LP</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Aaron Edelheit</signature>
        <title>Aaron Edelheit, Managing Member of Mindset Capital LLC, the General Partner of Mindset Value Fund LP</title>
        <date>05/22/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Mindset Value Wellness Fund LP</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Aaron Edelheit</signature>
        <title>Aaron Edelheit, Managing Member of Mindset Capital LLC, the General Partner of Mindset Value Wellness Fund LP</title>
        <date>05/22/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Mindset Capital LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Aaron Edelheit</signature>
        <title>Aaron Edelheit, Managing Member</title>
        <date>05/22/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Aaron Edelheit</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Aaron Edelheit</signature>
        <title>Aaron Edelheit</title>
        <date>05/22/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
