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Golden Leaf Holdings Ltd. (CSE:GLH) (OTCQB:GLDFF) announced the purchase of 100% ownership in SMS Ventures, LLC, dba Homegrown Oregon for US$9.75 million. This acquisition, which includes a cash payment and common shares, is expected to be immediately accretive to earnings per share. Homegrown reported Q1 2021 revenues of US$2.7 million. The deal increases Golden Leaf’s store count in Oregon from 7 to 12, enhancing market presence and potential revenue through operational synergies. Management is optimistic about future growth and plans to pursue further acquisitions.
Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF), operating as Chalice Brands, is a leading cannabis company focused on retail, production, and distribution. The Company announced that its President & CEO, Jeff Yapp, along with Executive Chairman, John Varghese, will present live at the 2021 Canaccord Genuity Virtual Cannabis Conference on May 11, 2021, at 3:30 p.m. EDT. Golden Leaf Holdings operates seven dispensaries in Portland, Oregon, and aims to enhance its health and wellness portfolio. Visit their website for updates.
Golden Leaf Holdings (CSE:GLH) (OTCQB:GLDFF) has officially acquired a majority stake in Fifth & Root, a notable CBD skincare brand, for up to $1.6875 million. This acquisition strengthens Golden Leaf's market presence and retail distribution, enhancing visibility in the CBD category through partnerships with retailers like Ulta Beauty and Nordstrom. The deal includes a cash payment of $250,000 and 30,666,666 common shares, granting Golden Leaf an 80% ownership stake, with potential further shares contingent on performance. Market anticipation for federal cannabis legalization increases the strategic advantage of this move.
Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) announced the closure of its non-brokered private placement, generating gross proceeds of C$10,375,154. Each unit includes one common share and one warrant, exercisable at C$0.10 for 24 months. This funding enhances the company's ability to pursue transformative acquisitions. The offering's completion marks a significant step in solidifying Golden Leaf's financial position, supporting its expansion strategy in the cannabis market.
Golden Leaf Holdings (CSE: GLH, OTCQB: GLDFF) is set to change its name to Chalice Brands Ltd. during its Annual and Special Meeting on May 10, 2021. The company is also proposing a share consolidation aiming for approximately 65 million post-consolidation shares. Over 80% of debenture holders converted C$3,675,000 into equity, indicating strong support for management's strategy. The first quarter 2021 earnings report is anticipated around May 21. The name change symbolizes a strategic shift towards enhancing relevance in the US cannabis market.
Golden Leaf Holdings has successfully closed a non-brokered private placement, raising C$9.8 million from the targeted C$11 million. This financing consists of units, each comprising one common share and one purchase warrant, exercisable at C$0.10 for two years. The offering aims to facilitate ongoing due diligence related to a recent Letter of Intent, with funds allocated to potential acquisitions. The offering remains open until March 31, 2021 and is not available for U.S. distribution.
Golden Leaf Holdings (CSE: GLH, OTCQB: GLDFF) announced a non-binding letter of intent to acquire a multistore cannabis chain in Northwest Oregon. The acquisition could generate over US$10 million in annual revenue and has a net operating margin of 11% based on unaudited results for fiscal 2020. Funding will be sourced from a private placement, with terms including cash, common shares, and a promissory note. The transaction is expected to close within eight weeks upon a definitive agreement.
Golden Leaf Holdings (GLDFF) announced a non-binding letter of intent to acquire a multi-store cannabis chain in Northwest Oregon. The stores are projected to generate at least US$10 million in annual revenue, with a net operating margin of 11% based on fiscal 2020 results. The acquisition aims to enhance GLH's position in the Oregon market and is expected to be funded through a mix of cash, common shares, and a promissory note. Closing is anticipated within eight weeks, pending regulatory approvals.
Golden Leaf Holdings has proposed a non-brokered private placement to raise up to C$11 million through the issuance of up to 169,230,770 units, each priced at C$0.065. Each unit consists of one common share and one warrant, allowing the purchase of an additional common share at C$0.10 within 24 months. Proceeds will support strategic retail license acquisitions and general corporate purposes. The financing is expected to close within three weeks, with specific conditions for warrant expiry acceleration based on trading price performance.
