Golden Leaf Secures City Licenses to Sell Cannabis In Additional Nevada Jurisdictions

OREGON: Golden Leaf Holdings Ltd., a leading cannabis oil solutions company and dispensary operator built around recognized brands, has announced that it has been granted business licenses by Henderson County and Washoe County, in the State of Nevada, to sell cannabis to the adult-use markets in these locations. The Company plans to commence sales in these jurisdictions immediately.

The Company previously announced in September 2017 that it secured a business license to sell into the adult‐use market in the city of Sparks, Nevada, and the acquisition of a state-wide cultivation and extraction license in Nevada, in March 2017. Receiving these licenses is expected to enable the Company to expand beyond its home market of Oregon, and to sell its high quality cannabis-infused products to a larger market. The Company continues to work towards securing the requisite licenses to sell into Las Vegas, which requires a separate license.  

Mr. William Simpson, Chief Executive Officer of the Company, commented, “We remain committed to replicating our successful Oregon operating model of building out an internally produced and distributed portfolio of premium cannabis brands, sold through a channel of retail dispensaries.  Securing these additional city licenses in Nevada supports this key strategic initiative, as Nevada became the fifth state to allow adult-use cannabis sales earlier this year, opening a new market opportunity for Golden Leaf. We have already begun to gain early sales traction in Reno, Nevada, where we are using a licensed distributor to generate sales, as well as in Sparks, Nevada, and look forward to continuing to expand our customer base and product reach.”

Read full article @ Golden Leaf Holdings