Business
Golden Leaf Reports Second Quarter 2017 Results
Golden Leaf Reports Second Quarter 2017 Results.
About this update from Chalice Brands Ltd.
[{"type":"text","content":"\nGolden Leaf Reports Second Quarter 2017 Results\n\nGolden Leaf Reports Second Quarter 2017 Results\n\nTORONTO, ON--(Marketwired - August 29, 2017) - Golden Leaf Holdings Ltd. (\"GLH\" or the \"Company\") (CSE: GLH) (CSE: GLH.CN) (CNSX: GLH) (OTCQB: GLDFF), a leading cannabis oil solutions company built around recognized brands, today announced its unaudited financial results for the second quarter ended June 30, 2017 (\"Q2 2017\") and a general business update.Recent Business HighlightsMr. William Simpson, founder and CEO of Chalice Farms, named Chief Executive Officer of Golden Leaf Holdings in July 2017Acquisition of Chalice Farms closed in July 2017, expanding Golden Leaf's presence in the retail market for adult-use and medical cannabis in Portland, OregonAcquisition of a cultivation license and an extraction license in Nevada from NevWa, LLC (doing business as Grassroots), through a wholly-owned subsidiary of the Company, closed in June 2017Entered into definitive agreement in connection with the acquisition of Medical Marihuana Group Corporation (\"MMGC\") and Medical Marihuana Group Consulting Ltd. in June 2017, paving the way for Golden Leaf to provide cannabis products to the Canadian market with expected adult-use legalization in 2018 Gary Yeoman named Chairman of the Board of Directors in June 2017Mr. Gary Yeoman, Chairman of the Board of Directors, commented, \"Since joining Golden Leaf's Board as Chairman in June of this year, the Company has undergone a major transformation upon the closing and advancement of multiple strategic acquisitions, and is now at an important stage in its development. Through the recent acquisition of Chalice Farms, the Company has hastened its penetration into the retail cannabis market and also welcomed Chalice's founder and CEO, William Simpson, as the CEO of Golden Leaf Holdings in July this year. Today, Golden Leaf is in the early-stages of implementing a comprehensive new growth strategy to establish a solid operational and financial platform from which to drive sales of its industry-leading cannabis brands for medical and adult-use. Driven by principles of transparency and accountability, we look forward to building an efficient, sustainable business and to maximizing value for shareholders.\"Mr. William Simpson, Chief Executive Officer of Golden Leaf Holdings, commented, \"I am e...