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WIRE: Chalice Farms to release new seasonal cannabis edibles in Portland

PORTLAND, OREGON – Autumn is a time to bask in brisk air, stroll through crunchy leaves and take in glowing foliage. Just in time for the fall and winter holiday seasons, Portland-based dispensary chain Chalice Farms, a subsidiary of Golden Leaf Holdings (“GLH” or the “Company”) (CSE:GLH) (OTCQB:GLDFF), a leading cannabis oil solutions company built around recognized brands is offering a new way to warm up: its new line of seasonal, gluten-free cannabis treats.

In homage to a fall favorite, Chalice Farms’ Pumpkin Spice Cannabis Truffle combines the warm aromas of cinnamon, nutmeg, and clove with classic pumpkin flavor. The truffle, made from all-natural ingredients, is enveloped in a shell of creamy white chocolate. Chalice Farms’ Pumpkin Spice Cannabis Truffle won runner-up for Best Sweet Edible in DOPE magazine’s Third Annual Oregon DOPE Cup.

The December holiday season is also looking to be a bit sweeter for cannabis edible aficionados thanks to the advent of Chalice Farms’ Dark Chocolate Peppermint edible. Crunchy mint pairs with the mellow tang of premium dark chocolate, blended with THC-infused coconut-based MCT oil.

“As do many consumer products companies, we too see an opportunity for seasonal items. Creating quality products such as our Pumpkin Spice Truffle and Dark Chocolate Peppermint bars shows that we can respond to market trends and give consumers what they want when they walk through our doors,” said William Simpson, founder of Chalice Farms and chief executive officer of Golden Leaf Holdings, Chalice Farms’ parent company. “We hope the limited-time availability of these products will bring in customers looking to sample a greater variety of our products,” Simpson continued.

With Chalice Farms’ purchase this year by Golden Leaf Holdings, one of North America’s largest cannabis oil and solution providers, the Chalice Farms brand is looking forward to expanding its footprint across the U.S. and Canada. Via the wholesale channel provided by Chalice Farms’ parent company Golden Leaf Holdings, the branded seasonal edibles will be distributed to and available in retail dispensaries across Oregon.

Since its opening in 2014, Chalice Farms has served the greater Portland community with its chain of dispensaries selling its line of 12 premium edibles. Its branded chocolate bars and truffles, designed in the company’s test kitchen, are made with globally sourced, shade-grown cocoa beans and its gummies with real fruit purée.

About Golden Leaf Holdings

Golden Leaf Holdings Ltd., based in Portland, Oregon, is one of the largest cannabis oil and solution providers in North America, and a leading cannabis products company built around recognized brands. Golden Leaf leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining and selling cannabis oil.  Visit http://goldenleafholdings.com/ to learn more.

Media Contacts:

Anne Donohoe / Anne Szustek
KCSA Strategic Communications
adonohoe@kcsa.com/aszustek@kcsa.com
212-896-1265 / 212-896-1210

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 operation, expectations of gross sales, the opinions or beliefs of management and future business goals, statements regarding the timing and completion of the Offering and Bridge Loan, the use of the net proceeds of the Offering and the Bridge Loan, and management’s expectations with respect to the Offering and the Bridge Loan. 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, including but not limited to general business, economic and competitive uncertainties, regulatory risks including risks related to the expected timing of the Company’s participation in the Adult Use market, market risks, risks inherent in manufacturing operations 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 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.

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