Chalice Brands Ltd CHALF

Golden Leaf Holdings favorably restructures deal terms !

[Brookcherlivin]

I think the 11 million in annual sales revenue is undervalued and should be closer to 20 million, 4000 lbs per year x 3500 whole sale price =14 million this isn't including the clippings they'll use for wax and disposable pens Golden Leaf Holdings favorably restructures deal terms with Tahoe Hydroponics ***December 03***, 2018 08:45 ET | Source: Golden Leaf Holdings Ltd. PORTLAND, Ore., Dec. 03, 2018 (GLOBE NEWSWIRE) -- Golden Leaf Holdings Ltd. (Golden Leaf or the Company) (CSE:GLH) (OTCQB:GLDFF), a cannabis company with cultivation, production and retail operations built around recognized brands, today announced that it has favorably restructured the deal terms in its definitive agreement with Tahoe Hydroponics Company and 11T Corp. (collectively Tahoe). The deal was originally announced on August 13, 2018. Under the terms of the revised agreement, Golden Leaf will acquire all Nevada and California assets of Tahoe for a consideration of approximately C$33 million (US$25 million), consisting of approximately C$5.3 million (US$4 million) in cash at closing, and the balance in Golden Leaf stock as outined in detail below. The original agreement had a total consideration of approximately C$52.4M, consisting of approximately C$11.1 million (US$8.5 million) in cash at closing plus that number of shares that equated to a value of C$41.3 million based on Golden Leafs 20-day VWAP of C$0.2050 for the period ending August 10, 2018. Details of the stock component of the revised agreement is as follows: