Golden Leaf's trailing 12-month revenue at $14.18M
2016-06-21 08:58 ET - News Release
Shares issued 94,540,673
Mr. Don Robinson reports
GOLDEN LEAF HOLDINGS LTD. ANNOUNCES TRAILING 12-MONTH REVENUES FOR OREGON AND WASHINGTON BRANDS
Golden Leaf Holdings Ltd.'s combined trailing 12-month revenues through March, 2016, or first quarter 2016 for the respective brands of the company and strategic partner BMF Washington are $16,555,870 (U.S.) ($21,185,636). The significant numbers underscore and validate the success and traction that GLH and BMF's brands have achieved with customers in both the Oregon and Washington state cannabis marketplaces.
Substantial revenue growth and a focus on leveraging strategic cannabis brands further illustrates that GLH has become one of the best-of-breed cannabis companies in North America. With the lack of currently established brands in the cannabis industry, the Company believes it is best positioned to capitalize on this opportunity by developing a brand portfolio across multiple price points to meet the needs of consumer segments in both recreational and medicinal markets. GLH expects to continue building strength in its respective product categories because of product innovation, strong customer loyalty and brand recognition.
GLH's showed impressive trailing 12-month revenues with $11,082,625 USD in Oregon ($14,180,217 CDN). BMF's 12-month revenue in Washington State stands strong at US$5,473,245 ($7,003,017 CDN).
Don Robinson, Chief Executive Officer of GLH commented, "Our solid revenue numbers driven by growing consumer demand demonstrate that cannabis is increasingly becoming a branded business. The power and value of our collective brands are making a difference as GLH continues to capture additional market share. As with consumer goods branding, consumers are faced with choices about what cannabis to consume when they walk in to a retail outlet. Our mission is to revolutionize cannabis marketing as we know it today and provide consumers with a more premium and lifestyle oriented brand experience focused on health and well-being."
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