Golden Leaf Holdings Launches Golden Fruit Chews in Nevada
06 November 2018 - 12:45AM
Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Company”)
(CSE:GLH) (OTCQB:GLDFF), a cannabis company with cultivation,
production and retail operations built around recognized brands,
today announced the launch of its edible product line of cannabis
infused fruit chews to the Nevada market under the “Golden” brand.
In Nevada, the Company currently sells a range
of ethanol-extract distillate, oils and distillate blends under the
Golden Private Stash, RSO-Go and Jackpot brands. Currently, our
products are sold wholesale in approximately 40 percent of
dispensaries in Nevada. The Company’s Fruit Chews were launched in
Oregon in March 2018 under the Golden brand with resounding
success. Launching in Nevada is a natural extension of the
Company’s strategy to complement its existing offerings of extract
product. Fruit chews aim to help the Company’s customers to balance
life’s highs and lows. The four bold fruit chews being introduced
feature clean cannabis distillate with real fruit and restorative
ingredients, as follows:
• Tangerine – with maca root and B-complex •
Tropical Fruit - with chamomile and passion flower • Kiwi
Strawberry – with vitamin D-3 and B-complex • Acai Berry – with
acai berry antioxidant, goji berry antioxidant and elderberry
antioxidant
“Our launch in Oregon resonated well with our
customers. We are expanding on that and offering the same
consistent, wholesome line of edibles to our Nevada customers. The
cannabis marketplace continues to grow and the population of
cannabis consumers continues to expand. This continues to be an
opportunity to engage and connect with our customers who prefer to
consume cannabis through non-smoking methods,” said William
Simpson, CEO of Golden Leaf Holdings.
The products will be sold and distributed to
third-party dispensaries in Nevada through the Company’s Nevada
wholesale entity.
To be added to the distribution list please email
ir@goldenxtrx.com with “GLH” in the subject line.
About Golden Leaf
HoldingsGolden Leaf Holdings Ltd. is a Canadian company
with operations in multiple jurisdictions including Oregon, Nevada
and Canada, with cultivation, production and retail operations
built around recognized brands. Golden Leaf distributes its
products through its branded Chalice Farms retail dispensaries, as
well as through third-party dispensaries. Golden Leaf’s cannabis
retail operations and products are designed with the customer in
mind, focused on superlative in-store experience and quality
products. Visit goldenleafholdings.com to learn more.
Investor Relations:Craig EastwoodChief
Financial OfficerGolden Leaf Holdings
Ltd.503-201-0659ir@goldenxtrx.com
Media Relations:Anne Donohoe / Nick OpichKCSA
Strategic Communications adonohoe@kcsa.com / nopich@kcsa.com
212-896-1265 / 212-896-1206
Disclaimer: This press release contains
"forward-looking information" within the meaning of applicable
securities legislation. Forward-looking information includes, but
is not limited to, statements with respect to the Company’s future
business operations, the establishment of, and the future scope and
scale of, the Chalice Farms retail system, the level of funding
needed to establish the Chalice Farms franchise model, that the
Chalice Farms franchise model will be successful and generate
positive cash flows, the opinions or beliefs of management and
future business goals. Generally, forward looking information can
be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to general business, economic and competitive
uncertainties, regulatory risks including risks related to the
expected timing of the Company’s participation in the adult use
market, market risks, risks inherent in manufacturing operations,
difficulties of establishing a successful franchise model and other
risks of the cannabis industry. Although the Company has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward looking information. Forward-looking
information is provided herein for the purpose of presenting
information about management’s current expectations relating to the
future and readers are cautioned that such information may not be
appropriate for other purpose. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws. This press release does not constitute
an offer of securities for sale in the United States, and such
securities may not be offered or sold in the United States absent
registration or an exemption from registration or an exemption from
registration.
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