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

Golden Leaf acquires cannabis license in Nevada

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

Blog

Investment Research Analysts Providing Greater Coverage on Inflation


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.