trending Market Intelligence /marketintelligence/en/news-insights/trending/r9UENVH-YNj01XDxcHU_lA2 content esgSubNav
In This List

Golden Leaf acquires cannabis license in Nevada

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Golden Leaf acquires cannabis license in Nevada

Golden Leaf Holdings Ltd. acquired NevWa LLC's cultivation and extraction license in Sparks, Nev., for $2.1 million in cash.

The acquired licenses enable the distribution and sale of medical marijuana across Nevada, including Las Vegas and Reno.

Golden Leaf Director Peter Saladino owns 18.75% of NevWa and will receive a portion of the proceeds received by the company.

Saladino abstained from all board meetings and voting regarding the transaction.

AC Group Financial Inc. acted as an adviser in the acquisition.