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To: Goose94 who wrote (41029)4/13/2018 4:06:13 PM
From: Goose94Read Replies (1) | Respond to of 203020
 
Golden Leaf Holdings (GLH-Cse) spiked with volume



To: Goose94 who wrote (41029)4/24/2018 8:12:15 AM
From: Goose94Read Replies (1) | Respond to of 203020
 
Golden Leaf Holdings (GLH-Cse) Signs Letter of Intent to Acquire California Cannabis Operation

Apr 24, '18 - NR

Golden Leaf Holdings a leading cannabis oil solutions company built around recognized brands, today announced that it has signed a letter of intent (the “LOI”) to acquire a cannabis dispensary currently in operation in Northern California. The transaction would include all assets, including licenses and permits covering cultivation, production/manufacturing, distribution and two retail licenses, and would represent Golden Leaf’s entry into the largest U.S. market for both medical and adult-use cannabis sales.

Under the terms of the LOI, Golden Leaf would pay $1.25 million USD in cash upfront and $500,000 in GLH stock, with additional earn-out payments up to $8 million USD based on future revenue thresholds.

“Signing this LOI is another key strategic step forward for Golden Leaf, as we continue to execute on our plan to introduce our retail brand-focused model to the largest growth markets, both in the U.S. and internationally,” commented William Simpson, CEO of Golden Leaf. “California clearly represents the largest market opportunity in the U.S. and we are excited by the prospect of entering this marketplace that is still in its early days for adult-use. By establishing a presence in Nevada, Canada and, we anticipate, California to complement our core Portland, Oregon commercial footprint, we are targeting key markets where we see the most potential for growth. We remain confident in our ability to expand our retail brand-focused model and to build sustainable, long-term shareholder value.”

To be added to the distribution list please email GLH@kcsa.com with “GLH” in the subject line.

About Golden Leaf Holdings

Golden Leaf Holdings Ltd., a Canadian company with operations in multiple jurisdictions including Oregon, Nevada and Canada, is one of the largest cannabis oil and solution providers in North America, and a leading cannabis products company built around recognized brands. Golden Leaf cultivates, extracts and manufactures and distributes its products through its branded Chalice Farm retail dispensaries, as well as through third party dispensaries. Golden Leaf leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining and selling cannabis oil. Visit goldenleafholdings.com to learn more.

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

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

Media Relations:
Anne Donohoe / Nick Opich
KCSA Strategic Communications
adonohoe@kcsa.com / nopich@kcsa.com
212-896-1265 / 212-896-1206