Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, today announced its entry into a non-binding letter of intent (“LOI”) to acquire a multi-store chain in Northwest Oregon. According to the update, the stores are expected to generate at least US$10 million in annual run rate revenue (based on unaudited January 2021 results) and had a net operating margin of 11% (unaudited) during fiscal 2020 (under U.S. GAAP). “The acquisition of this retail chain will be transformative for GLH, as it would further cement us as a leader in the Oregon market,” Golden Leaf CEO Jeff Yapp said in the news release. “The company expects this transaction to be accretive on close, as we will achieve tremendous synergy with our effort and current footprint and the introduction of our market-leading Chalice brand products.”
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About Golden Leaf Holdings Ltd.
Golden Leaf Holdings is a premiere consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with seven dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Markets served include Oregon, California, Nevada and Washington. Visit www.GLHMonthly.com for regular updates.
NOTE TO INVESTORS: The latest news and updates relating to GLDFF are available in the company’s newsroom at https://ibn.fm/GLDFF
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