Canadian CANNAINVESTOR Magazine June / July 2018 | Page 186

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Another company entrenching itself on the Las Vegas scene is Golden Leaf Holdings Ltd (CSE: GLH; OTC: GLDFF). Golden Leaf is a leading offering of consumer‐conscious retail dispensaries and Cannabis products. The Company’s branded products are sold in over half of the licensed dispensaries in Oregon, as well as several dispensaries in Nevada. The company has investments in cultivation, production, and supply chain and sells its products through a combination of its own retail dispensaries, as well as in the wholesale market. It has business operations in Canada, Nevada and Oregon. According to its most recent MD&A, the company signed an LOI to acquire two large cannabis cultivation facilities and their associated licenses, one in Northern Nevada and another in Northern California. It’s Nevada cultivation facility is capable of producing approximately 40 lbs of dried flower per month (or approximately 220 kilograms per year). Golden Leaf would pay US$8.5 million in cash at closing, plus an as of yet undetermined number of shares that equals 25% of the pro forma post acquisition total issued and outstanding shares of common stock of GLH on the closing date. On March 8, 2018, the Company launched a new line of cannabis‐infused edible Fruit Chews in Oregon under the “Golden” label with expectations of sales in Nevada dispensaries.

Just a few days ago, Nutritional High International Inc (CSE: EAT; OTC: SPLIF; FRA: 2NU) announced it was extending its LOI with Green Therapeutics LLC that would give them 75% interest in one of the premier innovators and producers in the state of Nevada. This extension is until June 15th, likely just after publication of this magazine. If it goes through, Nutritional High will establish themselves really well in Nevada, and will allow the company to introduce its FLI product line of edibles and oil extracts.