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GLH News Release Retail processor and wholesale http://www.stockhouse.com/news/press-releases/2017/01/12/golden-leaf-holdings-granted-retail-recreational-processor-and-wholesale
GLH bought a company called BMF but it is located in Washington while GLH is located in Oregon. BMF's revenues are about 700k a month but they can't add it onto GLH's balance sheet yet until the bill passes allowing out of state ownership. GLH owns BMF but for now the revenues are separate until they officially merge together.
What is BMF revenues?
This baby needs some love. Once BMF revenues are added to GLHs balance sheet..it will fly above a dollar. So undervalued here boys and girls. Not much action or posting here but if you're reading this I hope you have some shares! I know I do.
hows is this .41 when it hasn't
BMF revenue July Aug Sept =2,358,797m
Oregon July Revenue 871,335
add both numbers up = 3,230,132 million
BMF numbers here
http://www.502data.com/license/412149
guidance was posted for July
2016-08-11 10:34 GLH Golden Leaf Holdings Ltd News Release Golden Leaf estimates July revenue at $1.6M (U.S.)
Oregon Aug and Sept we don't know but i'm thinking were "around" 5 mil US for 3rd Q
If the numbers are great we might have a runner.
Q3 results out Monday
Golden Leaf Holdings Announces Timing of Release of Third Quarter Results and Updated Shareholder Call Information
2016-11-25 08:30 ET - News Release
TORONTO, ON -- (Marketwired) -- 11/25/16
Golden Leaf Holdings Ltd. ("GLH" or "the Company") (CSE: GLH) (OTCQB: GLDFF), a leading cannabis oil solutions company built around recognized brands, is pleased to announce that on Monday, November 28, 2016, it will release its third quarter financial results for the period ended September 30, 2016.
Subsequently, Golden Leaf will host a shareholder update call on Tuesday, November 29, 2016 at 4:30pm ET.
Those interested in participating in the shareholder call should use the updated dial-in information below.
Note:All questions for the Company must be submitted ahead of the call to hphillips@viridianca.com.
To Join the Shareholder Please Note the Updated Call Information:
Dial-in Number:
Canada: (785) 424-1825
US: (866) 952-1906
Passcode: 15684
About Golden Leaf Holdings Ltd.
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 more information, please visit http://www.goldenleafholdings.com/.
Forward-Looking Statements
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 operation, expectations of gross sales, 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 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.
Contacts
Investor Relations - U.S.A.
Harrison Phillips
Viridian Capital Advisors, LLC
212-485-0284
hphillips@viridianca.com
Investor Relations - Canada
Paul Searle
This will run like cgc when it's ready. Best time to load is now before the boom.
Warrants Issued Nov 4 to Magliana Jr listed as CFO the amount of
1,000,000 shares bringing his total shares to 2,500,000
I'm sure he is expecting a SP increase upcoming!!!
Glh long baby. This puppy is ready to move with the rest of the mj stocks. So severely undervalued...
Q4 should be exciting. GLH has been manipulated downwards too long. Time for it to move to its true valuation.
Yep looking great here. Waiting for the US listing to generate some buzz.
Another nice day with good volume.
October is going to be massive once their grow comes to fruition. IMHO
Also should see August sales #s soon
I see financial statements have been moved to otc. Us listing should be out soon then This will fly
GLH quarter out, lost 2.8 M (operations + interest) on 2.6M sales.
Current Liabilities 4.5M Current Assets 3.3M
Basically bankrupted
Golden Leaf Holdings Announces Preliminary Results for July 2016 - Oregon and Washington State Brands Report 15% Combined Monthly Sales Growth
TORONTO, ONTARIO--(Marketwired – August 11, 2016) – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH), a leading cannabis oil solutions company built around recognized brands, today announced preliminary revenue results for July 2016 for the respective brands of the Company in Oregon and strategic partner, BMF Washington (“BMF”).
Oregon and Washington State Brand Revenue Update
Preliminary results show that combined brand sales for GLH and BMF in Oregon and Washington were estimated at US$1.6 million in unaudited revenue for July 2016, as compared to unaudited revenue of US$1.4 million for June 2016, representing a month-over-month increase of 14%.
GLH posted preliminary results for July 2016 showing US$914,000 in estimated and unaudited revenue as compared to US$891,000 (updated and revised from previously published number of US$923,000) in June 2016, representing a month-over-month increase of 2.6%. BMF’s July 2016 unaudited and estimated revenue in Washington State was US$728,665, a month-over-month increase of 35% from June 2016’s revenue of US$537,880.
GLH Contract Grow Update
In connection with the Company’s successful contract trim buying strategy, the first contract cannabis grow is underway and the harvest is anticipated to commence in October of 2016. GLH will leverage the supply agreement that dictates guidelines for grow conditions and strain types to obtain flower and trim for its portfolio of branded products. This strategic approach to sourcing raw materials reinforces the Company’s position as a leader in the industry and provides a cost effective method to support higher product margins and consistent, high quality supply to meet the market demand.
Don Robinson, GLH CEO commented, “We are looking forward to October 2016 and harvesting plants from our first contract grow. This strategic supply agreement is expected to help support our raw material requirements while ensuring only the highest level of quality and variety demanded by our consumers.”
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:
Paul Searle
Investor Relations, Golden Leaf Holdings Ltd.
T: 778.240.7724
E: pauljsearle@shaw.ca
Forward Looking Statements
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s future business operation, expectations of gross sales, 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 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.
Copyright © 2016 Golden Leaf Holding Ltd, All rights reserved.
GOLDEN LEAF HOLDINGS LTD. ANNOUNCES THE COMPLETION OF FIFTH TRANCHE OF PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES
TORONTO, ONTARIO -- July 14, 2016 – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH), is pleased to announce the closing of the fifth tranche of its previously announced private placement of convertible senior unsecured debentures of the Company (the “Debentures”) which were issued at a price per Debenture of C$1,000, for aggregate gross proceeds of approximately C$500,000 (the “Offering”). This tranche is expected to be part of a total of C$2.1 million to be invested by insiders. The insider participants are purchasing the Debentures at the same convertible note price of C$0.67 that was part of the initial closing.
Combining previous tranches and this round of funding, a total of approximately C$8.775 million has been raised, with insiders subscribing for C$4.397 million. The Company intends to use the net proceeds of the Offering for operational and working capital purposes.
The Debentures and underlying common shares will be subject to a statutory hold period in Canada of four months plus one day from the closing date pursuant to Canadian securities laws. The securities mentioned herein have not been and will not be qualified by prospectus for sale to the public under applicable Canadian securities laws and will be subject to transfer and selling restrictions in certain jurisdictions, including the United States and Canada.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
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 growing, extracting, refining and selling cannabis oil.
For further information, please contact:
Paul Searle
Investor Relations, Golden Leaf Holdings Ltd.
T: 778.240.7724
E:pauljsearle@shaw.ca
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s future business operation, expectations of gross sales, 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 early roll out of oils and edibles, market risks, risks inherent in manufacturing operations 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.
Copyright © 2016 Golden Leaf Holding Ltd, All rights reserved.
Golden Leaf Holdings Ltd. Announces Q2 2016 and June 2016 Preliminary Results for Oregon and Washington State Brands
TORONTO, ONTARIO--(Marketwired – July 12, 2016) – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH), a leading cannabis oil solutions company, today announced preliminary revenue results for Q2 2016 and June 2016 for the respective brands of the Company in Oregon and strategic partner BMF Washington (“BMF”).
GLH Oregon Revenue Overview
Preliminary results show that GLH generated US$3,011,000 in estimated and unaudited revenue for Q2 2016 as compared to unaudited revenue of US$2,476,688 for Q1 2016, representing a quarter over quarter increase of 21.5%.
The Company posted preliminary results for June 2016 showing UD$923,000 in estimated and unaudited revenue as compared to US$1,067,000 (updated and revised from previously published number) in May 2016, representing a month over month decrease of 13.5%. GLH sold all of the products that it produced in the month of June.
GLH experienced lower than anticipated revenue in June 2016 due to a variety of unexpected challenges. The Company is developing plans to address these variables as shown below:
Issue Proactive Response
Production obstacles, including cash constraints that impacted trim and flower purchases, trim quality issues and product testing delays from 3rd party vendors made it more challenging to source material inputs and produce product in a timely manner. GLH is leveraging cash from current convertible debenture funding to fulfill raw material requirements. The Company has developed a strategic trim supply agreement program focused on contracting with selected farmers to obtain low cost supply of high quality flower and trim with specific strain and genetic characteristics. GLH purchased new testing equipment to ensure the quality of trim and efficiency of testing timelines. The Company is building relationships with testing vendors to effectively manage testing bottlenecks.
The Oregon cannabis market saw slower than expected recreational consumer adoption of oils and extracts. The concept of using a vape pen for delivery and usage of marijuana is still relatively new for the average recreational user. The Company is working with dispensaries to provide merchandising tools that educate the consumer on the benefits of cannabis oil and new delivery systems.
The retail buying process at medical marijuana dispensaries, including effective purchasing and supply chain management is still evolving. Not all dispensaries stocked the appropriate inventory to meet new recreational consumer demand. Dispensaries are becoming more familiar with customers buying behavior, but room for improvement exists with raising the level of sophistication as it relates to inventory management and regular purchasing patterns. GLH is working closely with dispensary customers to help manage stock levels and ordering cycles.
Don Robinson, Chief Executive Officer of GLH, commented, “While June 2016 Oregon sales results were lower than expected, we were encouraged by the strong sell through of all available inventory produced. We were also pleased with the positive consumer response to the relaunch of the Golden brand and the new product launch of Private Stash. Our sales and marketing team worked with dispensaries across the state to not only introduce new products but new merchandising tools that elevated the consumers’ shopping experience and increased brand awareness.”
BMF Washington Revenue Overview
Preliminary results show that BMF generated US$1,370,445 in estimated and unaudited revenue for Q2 2016 as compared to unaudited revenue of US$904,359 for Q1 2016, representing a quarter over quarter increase of 51.5%. BMF’s June 2016 unaudited and estimated revenue in Washington state was US$537,880, a month over month increase of 13% from May 2016 of US$475,457.
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:
Golden Leaf Holdings Ltd. Investor Relations:
Paul Searle
T: 778.240.7724
E:pauljsearle@shaw.ca
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s future business operation, expectations of gross sales, 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 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.
Copyright © 2016 Golden Leaf Holding Ltd, All rights reserved.
Washington State Liquor and Cannabis Board Allows Release of $1.2 Million of Cannabis after Test Shows No Pesticide Issues
TORONTO, ONTARIO-(Marketwired – June 28, 2016) – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH), is pleased to announce that on Thursday, June 23, 2016 the Washington State Liquor and Cannabis Board (WSLCB) released approximately $1.2 million USD of cannabis it had earlier ordered held after tests found no pesticide residues present, clearing the way for BMF of Washington to market the product to Washington retailers.
The WSLCB initially ordered the cannabis in question be placed on an administrative hold after WSLCB testing showed plant clippings contained residue from pesticides not approved for use on cannabis. BMF contested that order believing that the product was not treated with the pesticides in question. BMF asked - and the WSLCB agreed - to retest the approximately 800 pounds of cannabis. That second round of testing showed that the cannabis was not, in fact, treated with any of the pesticides in question.
The release order allows BMF to finish production of the cannabis and market it to retailers throughout Washington under the Liberty Reach brand, which it expects to do in the coming weeks.
The WSLCB has continued its administrative hold of a smaller tranche of cannabis, and has ordered its destruction based on the first round of state testing. BMF is considering appealing that order and asking for a similar retesting process. The state also extended the hold to include a small quantity of cannabis concentrate.
“We understand and appreciate that the WSLCB has been given the daunting task of creating and enforcing a completely new set of standards and rules for an industry that is growing very, very quickly,” said Peter Saladino. “We appreciate their willingness to go the extra step to ensure fairness in dealing with responsible growers as they’ve done with BMF.”
Since the issue began, BMF has taken an industry-leading role in providing its retailers and their customers with only the highest quality cannabis along with adopting first-of-their-kind purity and transparency protocols. Among many steps, BMF has implemented a rigorous independent testing regimen that far exceeds state requirements, allowing consumers to view quality and pesticide-compliance test results online for each retail package of cannabis.
The WSCLB ordered the administrative holds on December 11, 2015 and February 11, 2016.
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:
Paul Searle
T: 778.240.7724
E:pauljsearle@shaw.ca
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s future business operation, expectations of gross sales, 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 early roll out of oils and edibles, market risks, risks inherent in manufacturing operations 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.
Copyright © 2016 Golden Leaf Holding Ltd, All rights reserved.
Golden Leaf Holdings Ltd. Announces Trailing 12-Month Revenues
for Oregon and Washington Brands
TORONTO, ONTARIO - (Marketwired – June 21, 2016) – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH), is pleased to announce that combined trailing 12-month revenues through March 2016 or Q1 2016 for the respective brands of the Company and strategic partner BMF Washington (“BMF”) are $16,555,870 USD ($21,185,636 CDN). The significant numbers underscore and validate the success and traction that GLH and BMF’s brands have achieved with customers in both the Oregon and Washington state cannabis marketplaces.
Substantial revenue growth and a focus on leveraging strategic cannabis brands further illustrates that GLH has become one of the best-of-breed cannabis companies in North America. With the lack of currently established brands in the cannabis industry, the Company believes it is best positioned to capitalize on this opportunity by developing a brand portfolio across multiple price points to meet the needs of consumer segments in both recreational and medicinal markets. GLH expects to continue building strength in its respective product categories because of product innovation, strong customer loyalty and brand recognition.
GLH’s showed impressive trailing 12-month revenues with $11,082,625 USD in Oregon ($14,180,217 CDN). BMF’s 12-month revenue in Washington State stands strong at US$5,473,245 ($7,003,017 CDN).
Don Robinson, Chief Executive Officer of GLH commented, “Our solid revenue numbers driven by growing consumer demand demonstrate that cannabis is increasingly becoming a branded business. The power and value of our collective brands are making a difference as GLH continues to capture additional market share. As with consumer goods branding, consumers are faced with choices about what cannabis to consume when they walk in to a retail outlet. Our mission is to revolutionize cannabis marketing as we know it today and provide consumers with a more premium and lifestyle oriented brand experience focused on health and well-being.”
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:
Golden Leaf Holdings Ltd. Investor Relations:
Paul Searle
T: 778.240.7724
E:pauljsearle@shaw.ca
Golden Leaf Holdings Ltd. Announces First Planting from Contract Grow
TORONTO, ONTARIO--(Marketwired – June 16, 2016) – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH), is pleased to announce in connection with the Company’s strategic contract trim buying strategy and supply agreements, that the first plantings of contract growers went into soil on Thursday June 9, 2016. The plants are expected to be harvested for use in October 2016.
GLH has developed a model where contracted growers provide feedstock to GLH in exchange for a guaranteed demand and a set price. In exchange, growers follow strict GLH practices that include growing conditions, restrictions on pesticide use, which strains will be planted and guidelines on growing techniques and processes. This helps GLH define the market for flower and trim, leverage cost effective trim purchases supporting higher overall product margins, provides consistent high quality, strain based raw materials and meets market demand for consistent, predictable supply.
Don Robinson, GLH CEO commented, “We want to congratulate our suppliers who have partnered with us on this project. They share our vision for the future of the industry and have made a commitment to supporting the next wave in the development of this market.”
The contracted supplier model has solidified GLH as an industry leader and has made other competitors scramble to catch up. Guaranteed consistent, high quality, low cost materials will be a key differentiating factor in the industry moving forward and GLH is a brand leader. Robinson added, “Strategic trim buying contracts are key to the Company’s value-added manufacturing business model and allow GLH to distance itself from competitors.”
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:
Paul Searle
Investor Relations
T: 778.240.7724
E:pauljsearle@shaw.ca
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s future business operation, expectations of gross sales, 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 early roll out of oils and edibles, market risks, risks inherent in manufacturing operations 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.
Copyright © 2016 Golden Leaf Holding Ltd, All rights reserved.
GOLDEN LEAF HOLDINGS LTD. ANNOUNCES THE COMPLETION OF THIRD TRANCHE OF PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES
TORONTO, June 15, 2016 – Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE: GLH), is pleased to announce the first closing of the third tranche of its previously announced private placement of convertible senior unsecured debentures of the Company (the “Debentures”) which were issued at a price per Debenture of C$1,000, for aggregate gross proceeds of approximately C$318,000 (the “Offering”). This tranche is expected to be part of a total of C$2.1 million to be invested by insiders. The insider participants are purchasing the Debentures at the same convertible note price of C$0.67 that was part of the initial closing.
Combining previous tranches and this round of funding, a total of approximately C$7.856 million has been raised, with insiders subscribing for C$3.478 million. The Company intends to use the net proceeds of the Offering for operational and working capital purposes.
Don Robinson, CEO, stated, “We are pleased with the additional funding support that our insiders provided. The Company is fortunate to have partners who have such a large stake in the company as evidenced by insiders owning 46% of outstanding shares.”
The Debentures and underlying common shares will be subject to a statutory hold period in Canada of four months plus one day from the closing date pursuant to Canadian securities laws. The securities mentioned herein have not been and will not be qualified by prospectus for sale to the public under applicable Canadian securities laws and will be subject to transfer and selling restrictions in certain jurisdictions, including the United States and Canada.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
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 growing, extracting, refining and selling cannabis oil.
For further information, please contact:
Golden Leaf Holdings Ltd. Investor Relations:
Paul Searle
T: 778.240.7724
E:pauljsearle@shaw.ca
yeah just add 2.7M to that amount of gain in change of fair value liabilities for a whooping operations lose close to 3M in Q1 alone. this turd is heading for the poor house fast....
137,000 loss on Q1 your BASHING GLH steady LMAO
Results just out. And they are ugly as f•••
Going concern
Golden Leaf has been incurring operating losses and cash flow deficits since its inception, as it attempts to create an infrastructure to capitalize on the opportunity for value creation that is emerging from the gradual relaxing of prohibitions in the United States on the cannabis industry. The Company’s revenues have not yet been able to rise to levels materially capable of covering the costs related to the infrastructure investment (both capital and operating). As such, the Company has been depleting its invested capital as it simultaneously navigates regulatory evolution and uncertainty, awaits the imminent changes in the Oregon marketplace and other jurisdictions that will fuel market expansion, and continues to make necessary investments.
As of December 31, 2015 the Company’s cash balances were $263,695. Despite raising funds in Q1 and Q2 2016, the Company’s burn rate, including certain earmarked uses such as tax payments and the acquisition costs for BMF Washington in addition to unanticipated regulatory delays and disruption to the Company’s core business, there continues to be a need to raise more capital
Yup, those that paid one buck or close to it for this turd are royally screwed and will never see their money back.....
Awesome. The start of an even lower slide of this turd. The only thing good that happened with GLH was their big interview on BNN all those months back. The past shows it was a pump and dump opportunity for the original clowns. They made comparisons to other successful pot stocks just to spice it up. The election of Trudeau didnt hurt either. Now there is just fluff and nothing close to the hopeful earnings they were saying were possible. All BS. Don Robinson and his cronies are full of it.
GLH BOARD MEMBER RESIGNS ....
Aren't late Friday news releases awesome? So different from the usual morning fluff.
Hmmmmmm....
The Issuer has established an audit committee consisting of Philip van den Berg (chair), Sam Pillersdorf and Elijah Cohl
Philip van den Berg was appointed CFO on January 15 and resigned August 3, 2015. Brian Gentry replaced Mr. Van den Berg as CFO and was appointed on August 3, 2015
Looks like a financial numbers battle royal was going on and someone has decided to say bye-bye with his 1M two-cent founder shares before the 'good' news hits.
Off to the casino. Free food and better odds.
Interpolation1 wrote: --- oh boy ---
Golden Leaf Holdings Ltd. Announces Resignation of Board of Director Philip van den Berg
TORONTO, ON--(Marketwired - May 20, 2016) - Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE: GLH) announces today the resignation of Philip van den Berg, a current Board of Director, effective May 20, 2016. Mr. van den Berg will continue to work with the Company on various strategic projects. GLH's Board of Directors has commenced a process to identify a replacement for Mr. van den Berg.
"I want to thank Philip on behalf of our management and Board of Directors for his contributions to GLH and its shareholders. Philip played a key role in the company over the past year and helped support our strategy of long-term value creation," said Don Robinson, Chief Executive Officer of GLH.
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.
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's future business operation, expectations of gross sales, 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 early roll out of oils and edibles, market risks, risks inherent in manufacturing operations 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.
Read more at http://www.stockhouse.com/companies/bullboard/c.glh/golden-leaf-holdings-ltd#tlbjlqeM2BoDOal2.99
16M for 2015 that is.
What ever happened to the 3M a month and $16M total they were touting before? ouch
Golden Leaf Holdings Ltd Announces Update on Details of Extracts and Edible Sales in Oregon and April Sales Revenue
http://goldenleafholdings.com/wp-content/uploads/2015/09/Golden-Leaf-Holdings-Ltd.-Announces-Update-on-Details-of-Extracts-and-Edible-Sales.pdf
Here's your ball game, and it will likely lift all boats if the DEA eases even a little.
DEA Plans To Decide Whether To Reschedule Marijuana By Mid-Year
http://www.huffingtonpost.com/entry/dea-marijuana-reschedule_us_5704567de4b0537661881644
Be good to see the report when it finally comes out....everything else is just fluff releases this days: How short was revenue of all their overhyped promises? Whats cash left / current burn rate? How long till next PP ? I see teens a coming fast
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