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flemsnopes   Thursday, 10/19/17 09:05:42 AM
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$GLDFF NEWS

Golden Leaf Secures City Licenses to Sell Cannabis in
Additional Nevada
Jurisdictions

GlobeNewswire
8:00 AM ET

Golden Leaf Holdings Ltd. ("GLH" or the "Company")
(CSE:GLH) (OTCQB:GLDFF), a leading cannabis oil solutions
company and dispensary operator built around recognized
brands, today announced that it has been granted business
licenses by Henderson County and Washoe County, in the
State of Nevada, to sell cannabis to the adult-use markets
in these locations. The Company plans to commence sales in
these jurisdictions immediately.

The
Company previously announced in September 2017 that it
secured a business license to sell into the adultâ? use
market in the city of Sparks, Nevada, and the acquisition of
a state-wide cultivation and extraction license in Nevada,
in March 2017. Receiving these licenses is expected to
enable the Company to expand beyond its home market of
Oregon, and to sell its high quality cannabis-infused
products to a larger market. The Company continues to work
towards securing the requisite licenses to sell into Las
Vegas, which requires a separate license.


Mr. William Simpson, Chief Executive
Officer of the Company, commented, "We remain committed to
replicating our successful Oregon operating model of
building out an internally produced and distributed
portfolio of premium cannabis brands, sold through a channel
of retail dispensaries. Securing these additional city
licenses in Nevada supports this key strategic initiative,
as Nevada became the fifth state to allow adult-use cannabis
sales earlier this year, opening a new market opportunity
for Golden Leaf. We have already begun to gain early sales
traction in Reno, Nevada, where we are using a licensed
distributor to generate sales, as well as in Sparks, Nevada,
and look forward to continuing to expand our customer base
and product reach."

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

About Golden Leaf
Holdings

Golden Leaf Holdings Ltd., based
in Portland, Oregon, 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
Holdings 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 http://goldenleafholdings.com/ to learn more.


Media Contacts:

Anne
Donohoe / Anne Szustek

KCSA Strategic
Communications


adonohoe@kcsa.com/aszustek@kcsa.com


212-896-1265 / 212-896-1210


Investor Relations:


Steve Silver / Phil Carlson


GLH@kcsa.com


212-896-1220 / 212-896-1233


Company:

William
Simpson

Chief Executive Officer


Golden Leaf Holdings Ltd.


503-477-7626


William@chalicefarms.com


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, statements regarding
the timing for receipt of the additional licenses, and
management's expectations with respect to the impact of
receipt of the additional licenses. 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. This 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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I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!
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