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Golden Leaf Announces Private Placement of Secured Convertible Debenture Units, Nevada Cultivation and Production Licenses and Bridge Loan
Golden Leaf Announces Private Placement of Secured Convertible Debenture Units, Nevada Cultivation and Production Licenses and Bridge Loan.
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[{"type":"text","content":"\n\n\n\nGolden Leaf Announces Private Placement of Secured Convertible Debenture Units, Nevada Cultivation and Production Licenses and Bridge Loan\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nGolden Leaf Announces Private Placement of Secured Convertible Debenture Units, Nevada Cultivation and Production Licenses and Bridge Loan\nCanada NewsWire\nTORONTO, Aug. 22, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, Aug. 22, 2017 /CNW/ - Golden Leaf Holdings Ltd. (\"GLH\" or the \"Company\") (CSE:GLH) (OTCQB:GLDFF), a leading cannabis oil solutions company built around recognized brands, today announced that it has entered into an agreement with  Canaccord Genuity Corp. (\"Canaccord Genuity\") as sole agent and bookrunner with respect to a \"best efforts\" private placement of secured convertible debenture units (the \"Offering\"). The Company has also announced that it has secured cannabis cultivation and production licenses in the State of Nevada, which the Company expects will pave the way for the Company to commence sales of its proprietary portfolio of cannabis brands in the state.\n\nMr. William Simpson, Chief Executive Officer of GLH, commented, \"Securing cultivation and production licenses in Nevada represents a major opportunity to expand our customer base. According to data from New Frontier, the size of the total cannabis market in Nevada is expected to grow to approximately US$622 million by 2020. These licenses pave the way for the Company to significantly expand sales of its entire brand portfolio into this major new market.  GLH is actively engaged in broadening its commercial footprint and utilizing its portfolio of cannabis cultivation, production and dispensary licenses in other states across the country.\"\n\nPursuant to the Offering, the Company has engaged Canaccord Genuity to offer to sell, on a best efforts, private placement basis, up to C$10 million of debenture units (the \"Units\") of the Company, each Unit to be comprised of...