Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Company”) (CNSX:GLH.CN) (OTCQB:GLDFF), a cannabis company with cultivation, production and retail operations built around recognized brands, today announced the introduction of its new CBD-only Green Apple flavor as an extension of its cannabis-infused fruit chews product line. The chews are marketed and sold under the Company’s “Golden” brand and are currently available in Oregon, both at the Company’s Chalice Farms stores and 3 party dispensaries. In the near future, the Company will launch the product in Nevada. The Company also plans to introduce the product in California once regulatory approval is received for its recently announced definitive agreement to purchase a multi-use combined cultivation, production and retail license.
The Green Apple flavor will offer consumers a restorative effect through the use of clean, hemp-derived Cannabidiol (CBD) isolate and real fruit. The chews also include health and wellbeing-focused ingredients like Maca, which is thought to have a mood elevating effect, and Cordyceps, which is believed to increase immune function.
Golden’s existing flavors of Fruit Chews feature clean cannabis distillate with real fruit and restorative ingredients, which include:
— Tangerine -maca root and B-complex
— Tropical Fruit -chamomile and passion flower
— Kiwi Strawberry -vitamin D-3 and B-complex
— Acai Berry -acai berry antioxidant, goji berry antioxidant and elderberry antioxidant
All of Golden’s chews deliver delicious tasting edibles that are vegan-friendly, gluten-free and soy-free for the health-conscious, non-smoking cannabis consumer.
“Our customers kept asking when we would have a CBD-only Fruit Chew, and we listened. The new Green Apple flavor is a great addition to the Golden Fruit Chew product line and we expect it to resonate with consumers looking for functional, delicious, health and wellbeing-focused edibles. The fact that it is hemp-derived, adds an additional appeal to this CBD-only product. As cannabis consumers continue to demand more non-smokable options, our focus is on using the highest-quality distillates, ingredients, and components to produce the best possible products,” said William Simpson, founder of Chalice Farms and chief executive officer of Golden Leaf Holdings, Golden’s parent company.
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About Golden Leaf Holdings
Golden Leaf Holdings Ltd. is a Canadian company with operations in multiple jurisdictions including Oregon, Nevada and Canada, with cultivation, production and retail operations built around recognized brands. Golden Leaf distributes its products through its branded Chalice Farms retail dispensaries, as well as through third-party dispensaries. Golden Leaf’s cannabis retail operations and products are designed with the customer in mind, focused on superlative in-store experience and quality products. Visit goldenleafholdings.com to learn more.
Chief Financial Officer
Golden Leaf Holdings Ltd.
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KCSA Strategic Communications
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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 with respect to the Company’s future business operations, the establishment of, and the future scope and scale of, the Chalice Farms retail system, the level of funding needed to establish the Chalice Farms franchise model, that the Chalice Farms franchise model will be successful and generate positive cash flows, the opinions or beliefs of management and future business goals. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to general business, economic and competitive uncertainties, regulatory risks including risks related to the expected timing of the Company’s participation in the adult use market, market risks, risks inherent in manufacturing operations, difficulties of establishing a successful franchise model and other risks of the cannabis industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Forward-looking information is provided herein for the purpose of presenting information about management’s current expectations relating to the future and readers are cautioned that such information may not be appropriate for other purpose. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This press release does not constitute an offer of securities for sale in the United States, and such securities may not be offered or sold in the United States absent registration or an exemption from registration or an exemption from registration.
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