Golden Leaf Holdings Announces California Expansion
September 30 2019 - 8:45AM
Golden Leaf Holdings Ltd. (“GLH” or the “Company”) (CSE:GLH)
(OTCQB:GLDFF), a pioneer cannabis oil solutions company and
dispensary operator built around recognized brands, announced an
expansion into California through the launch of its Chalice Farms
Chews line, the popular cannabis-infused fruit chews that include
wellness-focused and restorative ingredients. The chews will be
produced by the Micro Buddery, a premier co-packer to the
California cannabis industry, and will be distributed to dispensary
retail locations in the Los Angeles and Orange County areas by C4
Distro & Trading starting September 2019.
The Chalice Farms Chews are an ideal product
line for the health-focused, California consumer market. The
Chalice Farms Chews are completely vegan, soy-free, gluten-free and
contain highly potent, consistent, and flavorless THC distillate
oil. Flavored with natural fruit puree, the chews also include
wellness-focused ingredients including maca root, goji berry,
elderberry, chamomile, passion fruit and acai berry designed to fit
lifestyle intentions like sleep, balance, energy, and calm.
Available in a range of doses from 5mg to 50mg to fit a wide
variety of consumer and patient needs, the chews come in five
flavors including Tangerine, Tropical Fruit, Kiwi Strawberry, and
Acai Berry, as well as a THC-free Green Apple flavor containing
hemp-derived cannabidiol (CBD) isolate.
“Expanding into a proven market like California
allows us to reach cannabis consumers who are looking for health
and wellness-focused cannabis-edible products and the Chalice Farms
Chews product line is a perfect fit,” said Jeff Yapp, CEO of Golden
Leaf Holdings. “The chews product line has already been
well-received in mature cannabis markets like Oregon and Nevada and
we’re excited to engage with the rapidly growing number of
customers across the country who prefer to consume cannabis through
non-smoking methods. Our goal is to set a new quality standard by
combining natural ingredients and high-quality distillates to
create handcrafted, delicious edibles that fit any Californian’s
lifestyle.”
“As the premier co-packer to the cannabis
industry, partnering with Golden Leaf Holdings to produce the
Chalice Farms Chews product line made a lot of sense. We are both
committed to creating the highest-quality products for consumers
looking for safe, dosable, and delicious edible cannabis products”,
said Larry Lorin, Manager of The Micro Buddery.
“Our high touch distribution service model
ensures that the Chalice Farms Chews products will get onto shelves
and fly off of them. We look forward to bringing these innovative,
great fruit chews to the vibrant California marketplace,” said Eric
Spitz, CEO of C4 Distro & Trading.
According to a recent report by ArcView,
California’s legal cannabis market is expected to reach $3.1B in in
sales in 2019. To closely engage and educate California consumers,
the Chalice Farms Chews launch will also include a public
engagement and social media campaign around the theme of
#ChewsBetter. The campaign will focus on educating consumers on how
responsible, health-focused medical and recreational cannabis use
can enhance lives and ignite purpose.
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 www.goldenleafholdings.com to learn more.
Company:Jeff YappCEOGolden Leaf
Holdings Ltd.jeff.yapp@goldenleafholdings.com
Investor Relations:Steve
HoseinRenmark Financial
Communications416-644-2020shoesein@renmarkfinancial.com
Media Relations:Anne Donohoe /
Nick OpichKCSA Strategic Communicationsadonohoe@kcsa.com /
nopich@kcsa.com212-896-1265 / 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 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. These risks include
but are not limited to general business, economic and competitive
uncertainties, regulatory risks, market risks, risks inherent in
manufacturing and retail operations such as unforeseen costs and
production shutdowns, difficulties in maintaining brand loyalty,
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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