According to GOLDEN LEAF HOLDIN (OTCMKTS:GLDFF), it is one of the largest cannabis oil and solution providers in North America and is a leading cannabis company in Oregon. With a product portfolio built around recognized brands, the Company strives to provide cannabis users with superior value and experience.
GLDFF is focused on first mover advantage and developing the lowest cost production of highest quality oils, and just took an important step toward increasing its presence, in receiving a Health Canada license to produce marijuana in Ontario.
Through its subsidiary, Medical Marijuana Group Corporation (MMG), GOLDEN LEAF HOLDIN (OTCMKTS:GLDFF) was granted a cultivation license for its marijuana grow facility located in St. Thomas, Ontario. MMG’s St. Thomas facility is expected to use the most current and advanced growing technologies to maximize its 6000 square foot space to yield high value crops difficult to replicate in greenhouse operations. MMG expects to submit expansion plans for additional growing space, oil extraction labs and edible production space at the St. Thomas facility.
“Receiving this license represents a landmark step for Golden Leaf, as it will provide entry into what we expect will be a burgeoning Canadian cannabis market in 2018,” commented Mr. William Simpson, Chief Executive Officer of the Company. “Expanding into emerging growth markets such as Canada will enable Golden Leaf to leverage its expertise and experience in the oil extraction and edibles markets to achieve a significant market presence as Canada’s recreational cannabis market evolves. We are confident that the combination of our established Golden and Chalice Farms brands will position MMG as a market leader.”
Phil Millar, President of MMG added, “We are very excited to receive this key license from Health Canada and look forward to continuing to work with the agency towards expanding the operating scale of our St. Thomas facility. We are confident in our prospects to establish MMG as a vertically integrated provider of high quality cannabis oils and edibles to the cannabis marketplace in Canada beginning in 2018, targeting both medical and adult-use segments.” (Source: Globe Newswire)
The statement from GLDFF CEO William Simpson echoes our own sentiments that we’ve shared on numerous occasions over the past several months. The Canadian marijuana business is set to explode in 2018, with sweeping legalization coming to the entire country in just eight months. Both leading up to and following the month of July, things are going to get exceedingly interesting in the space.
GLDFF is positioned well to take advantage of the trends, and the new facility in Ontario will only make that easier. Through several distinct product lines the company already has an imposing presence. Its ‘Golden’ brand line includes a wide array of cannabis extract offerings. Same goes for its ‘Proper’ brand, which markets shatter-type hash oil as well as recyclable vape pens. Finally, Left Coast Connection is the company’s offshoot that features ‘Dab Society’ extracts, and ‘Lunchbox Alchemy’ oils and edibles.
With several distinct product lines, and a brand new grow facility on the way, we’re going to have to add GLDFF to our expanding list of promising cannabis related stocks based out of Canada. Often referred to as The Great White North, Canada is on the brink of going green, and we’re signing up for a front row seat! Keep it locked on Street Register for updates, and we’ll deliver important developments on GLDFF as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in GLDFF stock, short or long.