- Retail chain store projected to generate estimated $10M annually
- Company CEO calls acquisition “transformative”
- Retail is valued resource for GLH development of product lines, execution on brand messaging
Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a proven, consumer-driven cannabis company in both the medicinal and recreational marijuana market segments, has signed a letter of intent (“LOI”) to acquire a retail chain in Northwest Oregon, which is forecast to generate an estimated $10 million in annual run rate revenue (https://cnw.fm/Af1Vt).
“The acquisition of this retail chain will be transformative for GLH, as it would further cement us as a leader in the Oregon market,” said Golden Leaf CEO Jeff Yapp. “The company expects this transaction to be…
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