Golden Leaf Holdings (GLH-Cse) June 16, '16 is pleased to announce in connection with the Company’s strategic contract trim buying strategy and supply agreements, that the first plantings of contract growers went into soil on Thursday June 9, 2016. The plants are expected to be harvested for use in October 2016.
GLH has developed a model where contracted growers provide feedstock to GLH in exchange for a guaranteed demand and a set price. In exchange, growers follow strict GLH practices that include growing conditions, restrictions on pesticide use, which strains will be planted and guidelines on growing techniques and processes. This helps GLH define the market for flower and trim, leverage cost effective trim purchases supporting higher overall product margins, provides consistent high quality, strain based raw materials and meets market demand for consistent, predictable supply.
Don Robinson, GLH CEO commented, “We want to congratulate our suppliers who have partnered with us on this project. They share our vision for the future of the industry and have made a commitment to supporting the next wave in the development of this market.”
The contracted supplier model has solidified GLH as an industry leader and has made other competitors scramble to catch up. Guaranteed consistent, high quality, low cost materials will be a key differentiating factor in the industry moving forward and GLH is a brand leader. Robinson added, “Strategic trim buying contracts are key to the Company’s value-added manufacturing business model and allow GLH to distance itself from competitors.”
About Golden Leaf Holdings:
Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. It's a leading cannabis products company in Oregon built around recognized brands. GLH leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining and selling cannabis oil.
For further information, please contact:
Paul Searle
Investor Relations
T: 778.240.7724
E: pauljsearle@shaw.ca
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