This follows the granting of business licenses in the City of Henderson and Washoe County, in Nevada, which were announced on October 19, 2017. Golden Leaf 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.
“Receiving this license represents a key milestone for Golden Leaf, as we now have all the necessary licenses to fully capitalize on the Nevada opportunity,” commented Mr. William Simpson, Chief Executive Officer of the Company. “Las Vegas is the tourist capital of the U.S., reporting a record 43 million tourists and its highest level of visitor spending on record in 2016. We plan to make our initial deliveries in the city of Las Vegas next week and are looking forward to introducing our portfolio of leading cannabis brands to the large medical and adult-use markets across Nevada. Successfully penetrating these large markets is a pivotal component of our growth strategy to expand into large markets beyond our core Oregon market.”