Golden Leaf Holdings (CSE:GLH; OTCQB:GLDFF) announced on Nov. 24, its subsidiary, Medical Marijuana Group Corporation, was granted a cultivation license for its marijuana grow facility located in St. Thomas, Ontario.
As quoted in the press release:
MMG’s St. Thomas facility is expected to use the most current and advanced growing technologies to maximize its 6000 square foot space to yield high value crops difficult to replicate in greenhouse operations. MMG expects to submit expansion plans for additional growing space, oil extraction labs and edible production space at the St. Thomas facility.
“Receiving this license represents a landmark step for Golden Leaf, as it will provide entry into what we expect will be a burgeoning Canadian cannabis market in 2018,” commented Mr. William Simpson, Chief Executive Officer of the Company. “Expanding into emerging growth markets such as Canada will enable Golden Leaf to leverage its expertise and experience in the oil extraction and edibles markets to achieve a significant market presence as Canada’s recreational cannabis market evolves. We are confident that the combination of our established Golden and Chalice Farms brands will position MMG as a market leader.”