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To: Goose94 who wrote (35137)10/19/2017 8:20:17 AM
From: Goose94Read Replies (1) | Respond to of 202767
 
Golden Leaf Holdings (GLH-Cse) receives two Nevada pot sales licences

Oct 19, '17 - NR

Golden Leaf Holdings Ltd. has been granted business licences by Henderson County and Washoe County, in the state of Nevada, to sell cannabis to the adult-use markets in these locations. The company plans to commence sales in these jurisdictions immediately.

The company previously announced in September, 2017, that it secured a business licence to sell into the adult-use market in the city of Sparks, Nev., and the acquisition of a statewide cultivation and extraction licence in Nevada, in March, 2017. Receiving these licences is expected to enable the company to expand beyond its home market of Oregon, and to sell its high-quality cannabis-infused products to a larger market. The company continues to work toward securing the requisite licences to sell into Las Vegas, which requires a separate licence.

William Simpson, chief executive officer of the company, commented: "We remain committed to replicating our successful Oregon operating model of building out an internally produced and distributed portfolio of premium cannabis brands, sold through a channel of retail dispensaries. Securing these additional city licences in Nevada supports this key strategic initiative, as Nevada became the fifth state to allow adult-use cannabis sales earlier this year, opening a new market opportunity for Golden Leaf. We have already begun to gain early sales traction in Reno, Nev., where we are using a licensed distributor to generate sales, as well as in Sparks, Nev., and look forward to continuing to expand our customer base and product reach."

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:

Investor Relations:
Phil Carlson / Steve Silver
KCSA Strategic Communications
212-896-1233 / 212-896-1220
GLH@kcsa.com

William Simpson
Chief Executive Officer
Golden Leaf Holdings Ltd.
503-477-7626
William@chalicefarms.com