PORTLAND, Ore., June 10, 2019 (GLOBE NEWSWIRE) -- Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Company”) (CSE:GLH) (OTCQB:GLDFF), a cannabis company with cultivation, production and retail operations built around recognized brands, today announced the launch of a new addition to their Golden branded Fruit Chew product line: a single-serving, 50mg THC edible called the “Golden Blast Fruit Chew.” The Blast Chew is novel to the Oregon market—currently very few products available offer a single serving of 50mg THC—and retails at a price point of $5 US (pre-tax).

The Blast Chew is tangerine flavored, sourced from natural fruit puree and includes the same energizing, wellbeing-focused ingredients offered in the popular Golden Fruit Chew product line. These health-focused ingredients include Maca Root Powder, which is believed to aid in hormone balance, energy and stamina, and contains Vitamin C, and Vitamin B Complex, which is believed to enhance mood, increase energy, and stimulate the immune system. The Blast Chew is completely vegan, soy-free, and gluten-free and contain highly potent, consistent, and flavorless THC distillate oil.

“Edibles continue to demand consumer attention as a doseable, discreet, and smoke-free way to consume cannabis. Today’s consumers are seeking out edibles in every possible form and for every possible function, and the Golden Blast Chew offers a competitively priced, all natural single-serving size option that we believe is the first of its kind in the Oregon market. The entire Golden Chew product line, with its health and wellness focused ingredients, has been warmly received by consumers and we expect that to continue with this new product option,” said Karyn Barsa, CEO.

The Golden Blast Chew, as well as the full range of Golden Fruit Chew products, are currently available at Chalice Farms locations and other retailers throughout the state of Oregon.

To be added to the distribution list please email ir@goldenxtrx.com with “GLH” in the subject line.

About Golden Leaf Holdings

Golden Leaf Holdings Ltd. is a Canadian company with operations in multiple jurisdictions including Oregon, Nevada and Canada, with cultivation, production and retail operations built around recognized brands. Golden Leaf distributes its products through its branded Chalice Farms retail dispensaries, as well as through third-party dispensaries. Golden Leaf’s cannabis retail operations and products are designed with the customer in mind, focused on superlative in-store experience and quality products. Visit goldenleafholdings.com to learn more.

Company:

Kate Koustareva

Director of Financial Reporting and Treasury

Golden Leaf Holdings Ltd.

971-371-2685

ir@goldenxtrx.com

Investor Relations:

Steve Hosein

Renmark Financial Communications

shosein@renmarkfinancial.com

(416) 644-2020 / (212) 812-7680

Media Relations:

Anne Donohoe / Nick Opich

KCSA Strategic Communications

adonohoe@kcsa.com / nopich@kcsa.com

212-896-1265 / 212-896-1206

Disclaimer:

This press release contains “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s future business operations, the opinions or beliefs of management and future business goals. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include but are not limited to general business, economic and competitive uncertainties, regulatory risks, market risks, risks inherent in manufacturing and retail operations such as unforeseen costs and production shutdowns, difficulties in maintaining brand loyalty, and other risks of the cannabis industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Forward-looking information is provided herein for the purpose of presenting information about management’s current expectations relating to the future and readers are cautioned that such information may not be appropriate for other purpose. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This press release does not constitute an offer of securities for sale in the United States, and such securities may not be offered or sold in the United States absent registration or an exemption from registration or an exemption from registration.