This new facility marks the fifth dispensary in the Chalice Farms family and the sixth overall for GLH (the company also owns the Left Coast Connection dispensary). The new dispensary is 1,000 square feet and includes the hallmark branding of the sophisticated, yet earthy feel for which Chalice Farms has become known.
“We are pleased to deliver on our stated operational goal of opening this new Chalice Farms location, which we expect to expand our retail operational footprint in the Portland area, and drive a more profitable long-term product mix,” said William Simpson, CEO, Golden Leaf Holdings.
The Oregon cannabis market continues to grow, with the Oregon Department of Revenue estimating that cannabis sales have already generated more than $100 million in tax revenue for the state and created upwards of 12,000 local jobs.
“While we are Portlanders at heart, this section of the waterfront is a new geographic location for us. As a tourist destination and as one of the only dispensaries on the river, we are hoping to introduce a whole new clientele to our brand,” continued Mr. Simpson.
The address of the new dispensary is 823 SW Naito Parkway, Portland, Oregon. The Company plans on opening a sixth Chalice Farms location in Happy Valley, Oregon during the first quarter of 2018.
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About Golden Leaf Holdings
Golden Leaf Holdings Ltd., a Canadian company with operations 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 Holdings cultivates, extracts and manufactures and distributes its products through its branded Chalice Farm retail dispensaries, as well as through third party dispensaries. 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.
Steve Silver / Phil Carlson
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KCSA Strategic Communications
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Golden Leaf Holdings Ltd.