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Marijuana

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) Introduces Cannabis Infused Chews In Four Flavors In Nevada To Fit Lifestyle

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) introduced cannabis-infused chews (Chalice Farms Line) in Nevada. The company also entered a pact to acquire Las Vegas-based Iconic Planet 13 Cannabis Entertainment Complex. It has invited the public and media for the inaugural event and to sample and buy Chalice Farms Chews. The venue features elegant house music and masquerade theme to captivate the visitors.

Committed to delivering good quality products

Chief Executive Officer of Golden Leaf, Jeff Yapp, said the main aim of the Chalice Farms Brand is to deliver handcrafted and high-quality products to satisfy the consumers yearning. He is excited to partner with Planet 13, one of the best cannabis retailers, and one of the world’s largest cannabis dispensaries to launch these innovative products.

Ingredients in cannabis-infused chews

The main ingredients in Chalice Farms chews are elderberry, goji berry, maca root, passion fruit, chamomile, acai berry, and natural fruit puree flavor. The vegan Chalice Farms are free from gluten, and soy. All the ingredients are blended in the right ratio to maintain calm, boost energy, and ensure sound sleep. The product is offered in dosages that range from 5 mg to 50 mg. Chalice Farms chews are available in four flavors: Acai Berry, kiwi strawberry, Tropical Fruit, and Tangerine.

Unveils Chalice TV

Golden Leaf has introduced Chalice TV that includes carefully curated content to educate the consumers about health benefits and all other aspects of cannabis. The online media channel hosts interviews with politicians, entrepreneurs, cannabis farmers, and team members of Chalice Farms. It offers customers a glimpse of personal experience with cannabis.

Golden Leaf Appoints Chief Peoples Officer

Golden Leaf has appointed Jane Sullivan as Chief Peoples Officer. She will report to Jeff and responsible for the execution and development of global people strategy. Sullivan contributes 30 years of experience in the design and execution of people’s strategies and human resources. She previously held the position of Senior Director (Human Resources) at Microsoft and managed a team of HR professionals. Commenting on her appointment, Jeff said organizational health is important as the company continues its growth. She would be an invaluable asset to build and maximize organizational development and design.

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Marijuana

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) Announces Restructuring of Accord With Tahoe

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) has announced the successful restructuring of deal terms with Tahoe Hydroponics Company and 11T Corp (collectively called ‘Tahoe’). Golden Leaf will benefit from savings of C$22.4 million in the new accord.

As per the modified agreement, Golden Leaf will pay a sum of U$25 million to acquire California and Nevada Assets of Tahoe. The company is agreed to pay US$4.0 million in cash. The balance proceeds of the deal will be adjusted with a stock of Golden Leaf.

Stock Component in the Revised Accord

As per the terms of the deal, Golden Leaf will issue stocks worth US$12.3 million. The stock price is calculated considering 60-day weight average before November 20, 2018. The company will complete the stock deal within 10 calendar days after the declaration of audited financial statements of Tahoe.

The company will complete the stock issue in two parts. The first chunk of issuance of common stock worth US$8.7 million will be issued after Tahoe achieving the expected revenues for Q4, 2018; Q1, Q2 of 2019. Golden Leaf will issue second part after Tahoe achieves expected earnings and net income in Q3, Q4, 2019. If Tahoe fails to achieve the set revenues and net income, the company will apply a sliding scale to a pre-decided threshold. The takeover of Tahoe will help Golden Leaf to establish a footprint in California and Nevada markets.

Golden Leaf Holdings Ltd Signs An Accord to Merge with Terra Tech Corp (OTCMKTS:TRTC)

Terra Tech Corp (OTCMKTS:TRTC) has entered into a merger pact with Golden Leaf Holdings Ltd. As per the terms of the deal, Terra Tech Corp’s wholly owned subsidiary will be merged with Golden Leaf Holdings Ltd.

As per the terms of the Letter of Intent, 0.1203 shares of TRTC will be issued to the shareholders of Golden Leaf for every share. The deal is subject to the approval of board directors of Golden Leaf and TRTC and regulators. Following the merger, TRTC will expand its business operations in the US. The merged entity will have 41 permits in Nevada and California covering the production, cultivation, distribution, and marketing of Cannabis.

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Marijuana

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) Positioning Itself To Take Over The Cannabis Industry

The first two weeks have been a very busy period for the management team of Golden Leaf Holdings Ltd (OTCMKTS:GLDFF). Early in the month, the company announced the acquisition of a city regulatory license for its extraction facility in Portland, Oregon. Issued by the City of Portland, the license gives Golden Leaf the opportunity to operate extraction equipment in the city as well as the distribution of the resulting products.

In the same two-week period, the company made public the agreement with Tahoe Hydroponics Company ltd that allowed the company to take over the assets of Tahoe. As per the press release, Golden Leaf would become the sole operator of the cultivation equipment that was under Tahoe in Nevada. This will also include the extensive distribution network that Tahoe has created over the long time it has operated in the region.

Premier vertically integrated provider

According to the press release, Tahoe is one of the foremost cultivators in the region and the company has built a “successful cash-flow positive business” hence the acquisition has been billed to raise the stature of Golden leaf in the industry.

Commenting on the transaction, William Simpson, CEO of Golden Leaf, acknowledged the fact that Tahoe is an “ultra-premium, award-winning cultivator that is extremely adept at producing world-class cannabis with strong brand recognition.” The CEO opined that this property combined with the high level of revenue earning and generation of cash flow by the company will be crucial to Golden Leaf specifically towards achieving the company’s objective of becoming a “premier vertically integrated seed-to-sale cannabis provider.”

The CEO also noted that the transaction brings together two strong companies that have proved their mettle in the budding industry and expressed his hope that the result will be a “formidable player in the burgeoning North American cannabis market.”

Extraction in Portland

Upon receipt of the license to operate in Portland, the press release revealed that the company’s production team began work immediately. The company needs the extraction equipment to be u and running in good time so that the “strong estimates of expected equipment performance” can be realized within a short time.

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Marijuana

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) Announces The Receipt of City Regulatory License for Portland based Extraction Facility

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) has announced the receipt of city regulatory license for the Portland, Oregon based extraction facility. Following the grant of the license, the company will operate the extraction equipment.

Extraction Equipment Becomes Operational

The production team of Golden Leaf has begun the operation of extraction equipment. The team is now engaged in validating the production capacity.

Chief Executive Officer of Golden Leaf, William Simpson said the coming few days are vital for the company to know the company’s capability. The sales team will go for market penetration and stage price decisions on completing the validation process.

Golden Leaf to Commence Production from July 19, 2018

Golden Leaf has staged a decision to operate the extraction facility for the extraction of hemp oil in Portland with effective from July 19, 2018. The company has extraction equipment in an area spanning 7,000 sq. ft. The efforts are on now to validate the extraction equipment. The company may add additional machinery after assessing the demand.

CEO said since the hurdles are finally over, the company will now focus on the development and testing of products and unveil the good quality produce in the market. Golden Leaf will now be able to leverage the experienced production team to unveil innovative products. It will step up the R&D efforts in cannabis extraction.

The company has recently introduced cannabis infused and all natural fruit chews to meet the strong demand. The new products feature ingredients such as goji berry, acai, vitamin B Complex, and maca root.

Golden Leaf Holdings Ltd Unveils Innovative Cannabis Concentrates in Nevada

Greenpoint Nevada, a subsidiary of Golden Leaf Holdings Ltd., has introduced a number of cannabis concentrates in Nevada. Following the legalization of cannabis, the sales of cannabis for adult use have increased considerably in Nevada.

The tax revenues are expected surpass through $120 million in mid 2019. Golden Leaf is selling its products through over half of the dispensaries located in Nevada.

Brief Information about Golden Leaf Holdings Ltd

Golden Leaf Holdings Ltd conducts its business operations in Canada, Nevada, and Oregon. The company distributes the products via 3rd party dispensaries and the branded chalice farms.

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Marijuana

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) Obtains License To Run Its Business Operations In The Portland Facility

Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) will from now henceforth be able to freely operate its Portland extraction facility. That was after Oregon Liquor Control Commission served it with a license.

A close look into the latest developments

An official working with this company admits that it had been a rather demanding licensing and permitting process. However, he was glad that they had accomplished their goal and now it was about continuing with the cannabis oil extraction activities.

In less than a week the business guru expects to receive its final permitting from the City of Portland. It has already made projections about its much anticipated production yields. Soon it will direct its focus to the extraction equipment.

The company might at some point be compelled to add more equipment in a bid to boost its production capacity. It will embark on this activity as soon as possible since sooner or later the market conditions might be warranting it.

Future expectations and Simpson’s perspective

Golden Leaf sees the city building permit as a major boost since it is the start point towards the production of oil and extract products. It hopes to observe the highest levels of quality and consistency.

In line with its vertical integration strategy, the business giant might be in a position to achieve improved margins in this state aside from optimizing its supply chain. It will also be seeking to expand its product offerings and all this is happening at a time when business dynamics tend to be shifting quite fast.

The current CEO of Golden Leaf Holdings is called William Simpson and he has been speaking elaborately regarding the company’s facility. He believes it is what they need to do in their efforts to unveil their new and exciting products in a market characterized by stiff competition.

He opined, “Golden Leaf is committed to developing, testing, and introducing the highest-quality products into the marketplace, reliably, responsibly and efficiently. After months of regulatory hurdles, we are excited that this long-awaited milestone has been achieved, and we look forward to utilizing our production capabilities as intended.”

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