TORONTO, Jan. 23, 2020 (GLOBE NEWSWIRE) — Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) (“Golden Leaf” or the “Company”), a pioneering cannabis solutions company and dispensary operator built around the recognized brands of Chalice Farms, and its wholly-owned subsidiaries GL Management, Inc. and Greenpoint Equipment Leasing, LLC (collectively, the “Plaintiffs”), have filed a lawsuit against BMF Washington LLC (“BMF”) and Peter Saladino (“Saladino”) in Multnomah County (Oregon) Circuit Court, seeking to recover US$‎6,916,580 in damages.

As to BMF, the Plaintiffs assert two claims for breach of contract, arising out of the parties’ equipment leasing and intellectual property licensing agreements, seeking damages of US$676,580 and  US$2,080,000, respectively, with alternative claims against both BMF and Saladino (collectively, the “Defendants”) for unjust enrichment related to their improper use of Plaintiffs’ equipment and intellectual property. The Plaintiffs are also asserting claims against both Defendants for misappropriation of trade secrets under Oregon and Washington law, seeking additional damages of US$4,160,000.

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Investor Relations:
John Varghese
Executive Chairman
Golden Leaf Holdings Ltd.
971-371-2685
ir@goldenxtrx.com

Media Relations:
Anne Donohoe
KCSA Strategic Communications
adonohoe@kcsa.com
212-896-1265

View the Press Release on Globe Newswire