Good old Sno-Seal is still the best wet coast leather treatment IMHO. Use a hair dryer to warm the leather, watch the Sno-seal melt into it until it soaks up all it can take and stops looking dry. Stuff is great, even though it hasn't changed much since 1933.
BTW, MEC no longer carries it. Far too economical, effective, boring low-profit old-school product for the "new and improved" MEC, where trendy has replaced professional.