Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, plans to change its name to Chalice Brands Ltd. and will seek approval of the name change at is upcoming annual and special meeting (“AGM”); the meeting is slated for May 10, 2021, and will be held virtually. In addition to the name change, the company leadership team will request approval for a share consolidation intended to bring the common shares outstanding to approximately 65 million post the consolidation. The company anticipates approval and support for these requests, details of which will be mailed out later this month in the management information circular. In the announcement, the Company noted that during February there were conversion of principal amounts to equity of its convertible debentures due Nov. 16, 2022; the conversion totaled C$3,675,000 plus accrued interest. “Throughout this turnaround over the last 18 months, we continue to gather momentum and galvanize management behind the Chalice brand,” said Golden Leaf CEO Jeff Yapp in the press release. “Our Chalice Farms stores and our Chalice chews are the pride of our business. As we put the Golden Leaf era behind us, this name change serves to symbolize our resurgence as a relevant contender in the U.S. cannabis industry, driven by leadership in our home market of Oregon.
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About Golden Leaf Holdings Ltd.
Golden Leaf Holdings is a premiere, consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with seven dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Markets served include Oregon, California, Nevada and Washington. For more information about this company, visit www.GoldenLeafHoldings.com.
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