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90-unit affordable rental project gets nod from committee | News, Sports, Jobs

90-unit affordable rental project gets nod from committee | News, Sports, Jobs
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Golden Leaf Holdings Enters into Letter of Intent to Acquire Retail Chain

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Golden Leaf Holdings Enters into Letter of Intent to Acquire Retail Chain Golden Leaf Holdings Ltd.February 26, 2021 GMT PORTLAND, Ore., Feb. 26, 2021 (GLOBE NEWSWIRE) Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) (“Golden Leaf,” “GLH” or the “Company”), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, today announces it has signed a non-binding letter of intent to acquire a multi store chain in the Northwest Oregon. These 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).

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Golden Leaf Holdings Announces It Has Entered into LOI to Acquire Retail Chain

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 regarding the following: that the Company will execute a definitive agreement for the acquisition; that the Company will successfully close the acquisition; that the acquisition will reinforce the Company s strategic plans; that the acquisition will produce synergies with the Company s existing operations; that the acquisition will be accretive; the manner in which the Company will fund the acquisition; and that the acquired stores will continue to generate at least the revenue and margin that they currently generate. Forward-looking information also includes statements with respect to

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Golden Leaf Holdings Enters into Letter of Intent to Acquire Retail Chain

Golden Leaf Holdings Enters into Letter of Intent to Acquire Retail Chain
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Golden Leaf Announces Non-Brokered Private Placement of up to C$11,000,000

Golden Leaf Announces Non-Brokered Private Placement of up to C$11,000,000
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