PORTLAND, Ore., May 06, 2019 (GLOBE NEWSWIRE) -- Golden Leaf Holdings Ltd. (“GLH” or the “Company”) (CSE:GLH) (OTCQB:GLDFF), a leading cannabis company built around recognized brands for the wellness and recreational markets, today announced that it will now offer its Jackpot premium distillate oil cartridge brand in Oregon. Previously only available for retail purchase in Nevada, Jackpot products were soft-launched in Golden Leaf’s Chalice Farms dispensary locations in Oregon on 4/20.



The Jackpot premium distillate cartridges contain strain-specific oil extracts available in two mood options: Party and Chill. The high-quality distillate used in Jackpot products contains over 80% THC and goes through small-batch testing for purity, potency, and flavor. It is incorporated into high-quality vape accessories and both Party and Chill product lines will be available in full gram cartridge sizes, as well as half gram disposable cartridges, priced competitively for consumers.

“Jackpot cartridges offer our customers the high-quality, small-batch tested distillate that they have come to expect from Golden Leaf brands at a competitive price point. Already a successful product line in Nevada, we believe that Jackpot will continue to have great success in our home market of Oregon,” said Erin Hills, VP of Sales Operations at Golden Leaf Holdings.

“Golden Leaf Holdings is committed to our mission of being the leading consumer-driven company focused on wellness solutions. The Jackpot product line is an important addition to our differentiated brand portfolio in Oregon as we continue to deliver high-quality products and superior customer value at all price points,” said Bill Kulczycki, President and CEO of Golden Leaf Holdings.

At launch, the products will be sold in Chalice Farms dispensaries in Oregon. Since opening in 2014, Chalice Farms has served the greater Portland, OR community with its chain of dispensaries selling its portfolio of premium cannabis products.

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.

Investor Relations:

Karyn Barsa

Chief Financial Officer

Golden Leaf Holdings Ltd.

503-201-0659

ir@goldenxtrx.com

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.