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Corrected: Golden Leaf Announces Timing of Corporate Name Change to Chalice Brands Ltd. and Share Consolidation

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PORTLAND, Ore., Might 20, 2021 (GLOBE NEWSWIRE) — In a launch issued earlier at this time by Golden Leaf Holdings Ltd. (CSE:GLH) (OTCQB:GLDFF), please word within the second paragraph the date the Firm’s frequent shares will start to commerce beneath the brand new identify and image is Might 25, 2021, not Might 20, 2021 as beforehand acknowledged. The corrected launch follows:

Golden Leaf Holdings Ltd. (CSE:GLH) (OTCQB:GLDFF) (“Golden Leaf” or the “Firm”), introduced at this time that, pursuant to the shareholder approval obtained by the Firm at its Annual and Particular Assembly (“AGM”) held on Might 10, 2021, the Firm is enacting the consolidation of its frequent shares on the premise of 1 (1) post-consolidation frequent share for each twenty-three (23) pre-consolidation frequent shares (the “Consolidation”) and the change of its identify from “Golden Leaf Holdings Ltd.” to “Chalice Manufacturers Ltd.” (the “Identify Change”).

The Consolidation and the Identify Change will take impact on Tuesday, Might 25, 2021 and the Firm’s frequent shares will start buying and selling on a post-Consolidation foundation beneath the brand new identify and beneath the image “CHAL” on the Canadian Securities Change on the open of buying and selling on Might 25, 2021. The Firm will obtain a brand new image for the OTCQB in short-order and can announce individually.

“Administration believes the acquisition of Homegrown as introduced on Might 19, 2021 represents a transformative occasion for Chalice, making this the proper inflection level to embark on the Identify Change and Consolidation. As famous in that launch, we raised adequate capital to fund this accretive acquisition. Mixed with the truth that Homegrown is money move optimistic, the Firm will be capable to generate optimistic money move to fund operations,” acknowledged John Varghese, Government Chairman of Chalice Manufacturers Ltd.   

“Rebranding as Chalice permits this administration staff that has been on executing our “Crawl, Stroll, Run” working philosophy to deal with the long run and go away all legacy points behind,” acknowledged Jeff Yapp, Chief Government Officer of Chalice Manufacturers Ltd. Over the past 18 months we’ve continued to collect momentum and impress administration behind the Chalice model.” Our Chalice Farms shops and our Chalice chews are the pleasure of our enterprise. As we put the Golden Leaf period behind us, this identify change serves to represent our resurgence as a related contender within the US hashish trade, pushed by management in our residence market of Oregon.”

On account of the Consolidation, roughly 1,358,871,942 frequent shares issued and excellent previous to the Consolidation will probably be diminished to roughly 59,081,260 frequent shares. Every shareholder’s proportion possession within the Firm and proportional voting energy will stay unchanged after the Consolidation. No fractional frequent shares will probably be issued in reference to the Consolidation and, within the occasion {that a} shareholder would in any other case be entitled to obtain a fractional frequent share because of the Consolidation, such fraction will probably be rounded all the way down to the closest entire quantity.

In an effort to obtain certificates representing post-Consolidation frequent shares issued pursuant to the Consolidation, shareholders should ship to Odyssey Belief Firm as depositary (i) their certificates representing frequent shares; (ii) a duly accomplished letter of transmittal, which was beforehand delivered to shareholders; and (iii) such different paperwork because the depositary could require. Upon return of a correctly accomplished letter of transmittal, along with certificates representing frequent shares and such different info as requested by the depositary, certificates for the suitable variety of post-Consolidation frequent shares will probably be distributed with out cost. Certificates for the post-Consolidation frequent shares issued to a Shareholder who gives the suitable documentation described above, shall be registered in such identify or names and will probably be delivered to such deal with or addresses as such holder could direct within the letter of transmittal as quickly as practicable after the receipt by the depositary of the required paperwork. Further copies of the letter of transmittal could also be discovered on the Firm’s profile web page on

Non-registered shareholders holding their frequent shares by a financial institution, dealer or different nominee ought to word that such banks, brokers or different nominees could have varied procedures for processing the Share Consolidation. If a Non-registered shareholder has any questions on this regard, the shareholder is inspired to contact its nominee.

“We had a file variety of shares voted at this 12 months’s AGM receiving over 95% help for each the Identify Change and the Consolidation. We’re happy that the shareholders overwhelmingly supported our proposal. The Consolidation is a vital step as we anticipate federal deregulation and look to draw long run targeted institutional shareholders,” stated Varghese.

About Chalice Manufacturers

Chalice Manufacturers is a premier consumer-driven hashish firm specializing in manufacturing, processing, wholesale, distribution, and retail, with twelve dispensaries in Portland, Oregon. The Firm is dedicated to growing a dynamic portfolio constructed across the acknowledged manufacturers of Chalice Farms, with a deal with well being and wellness. Chalice Manufacturers operates nationally by Fifth and Root and has operations in Oregon and California. Go to for normal updates. 

Investor Relations:

John Varghese
Government Chairman
Chalice Manufacturers Ltd.

Neither the Canadian Securities Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the Change) accepts duty for the adequacy or accuracy of this launch.

Disclaimer: This press launch comprises “forward-looking info” throughout the that means of relevant securities laws. Ahead-looking info consists of, however will not be restricted to, statements with respect to the Firm’s future enterprise operations, the opinions or beliefs of administration and future enterprise objectives. Typically, ahead wanting info will be recognized by way of forward-looking terminology similar to “plans”, “expects” or “doesn’t anticipate”, “is anticipated”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “may”, “would”, “may” or “will probably be taken”, “happen” or “be achieved”. Ahead-looking info is topic to recognized and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm to be materially totally different from these expressed or implied by such forward-looking info. These dangers embrace however are usually not restricted to common enterprise, financial and aggressive uncertainties, regulatory dangers, market dangers, dangers inherent in manufacturing and retail operations similar to unexpected prices and manufacturing shutdowns, difficulties in sustaining model loyalty, and different dangers of the hashish trade. Though the Firm has tried to determine essential elements that might trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There will be no assurance that such info will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on ahead wanting info. Ahead-looking info is supplied herein for the aim of presenting details about administration’s present expectations regarding the long run and readers are cautioned that such info will not be acceptable for different objective. The Firm doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines. This press launch doesn’t represent a proposal of securities on the market in america, and such securities will not be provided or bought in america absent registration or an exemption from registration or an exemption from registration.

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