Golden Leaf Holdings Signs Letter of Intent with BlackShire Capital to Launch Chalice Farms Franchise Model

TORONTO, March 27, 2018 (GLOBE NEWSWIRE) — Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Company”) (CSE:GLH) (OTCQB:GLDFF), a leading cannabis oil solutions company built around recognized brands, today announced that it has signed a letter of intent (the “LOI”) with BlackShire Capital Corp. (“BlackShire”), a Canadian Private Equity firm focused on the cannabis sector, to launch the Chalice Farms franchise model. This would be one of the first franchising deals of its kind in the cannabis space.

Golden Leaf is presently working with BlackShire to complete the franchising documentation necessary to launch its cannabis retail franchising opportunity under the “Chalice Farms” brand in the U.S., Canada and international markets.   Golden Leaf and BlackShire are also in final discussions to form a jointly owned management company (“Management Company”) which, as the franchisee, would manage and own the Chalice Farms cannabis retail franchises.  The implementation of this potential partnership with BlackShire would be the first step in Golden Leaf’s franchise program rollout.

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