TORONTO, Aug. 23, 2019 (GLOBE NEWSWIRE) — Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Firm”) (CSE:GLH) (OTCQB:GLDFF), a pioneer cannabis oil options firm and dispensary operator constructed round acknowledged manufacturers, has introduced the completion of the debenture funds.
On July 2, 2019, the Firm issued 4,848,464 frequent shares at C$0.0782 to pay curiosity on the debentures for a complete of C$379,150.
On August 21, 2019, as disclosed, with better than 98 p.c assist, the debenture holders authorized the reimbursement of the principal quantity of the convertible debentures of C$12,961,000 and accrued curiosity of C$190,815, by way of an early conversion in the present day, August 23, 2019 at C$0.06. The Firm issued 219,069,556 frequent shares to repay the principal and accrued curiosity. The unique maturity date of those debentures was November 2, 2019.
In July 2019, the Firm reached an settlement in precept to increase the due date for the $9,527,350 earn-out cost because of Chalice LLC and its members. This settlement was conditional on early settlement of the convertible debentures. Because the debenture holders agreed to speed up the settlement of the debentures, the settlement to increase the Chalice LLC earn-out cost from November 2, 2019 to Might 2, 2022 turned efficient. The principal quantity of the earn-out cost because of Chalice LLC and its members is $9,527,350, of which $5,000,000 is payable in money and $4,527,350 is payable within the firm’s frequent shares.
About Golden Leaf Holdings
Golden Leaf Holdings Ltd., a Canadian firm with operations in a number of jurisdictions together with Oregon, Nevada and Canada, is likely one of the largest cannabis oil and resolution suppliers in North America, and a pioneer cannabis merchandise firm constructed round acknowledged manufacturers. Golden Leaf cultivates, extracts, manufactures and distributes its merchandise by its branded Chalice Farm retail dispensaries, in addition to by third get together dispensaries. Golden Leaf leverages a powerful administration group with cannabis and meals trade expertise to enrich its experience in extracting, refining and promoting cannabis oil. Go to goldenleafholdings.com to study extra.
Golden Leaf Holdings Ltd.
Renmark Monetary Communications
Anne Donohoe / Nick Opich
KCSA Strategic Communications
[email protected] / [email protected]
212-896-1265 / 212-896-1206
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