Golden Leaf Holdings Appoints Karyn O. Barsa as Chief Financial Officer
February 04 2019 - 8:45AM
Golden Leaf Holdings Ltd. (“GLH” or the “Company”) (CSE:GLH)
(OTCQB:GLDFF), a leading cannabis oil solutions company built
around recognized brands, today announced the appointment of Karyn
O. Barsa as its new Chief Financial Officer, effective February 4,
2019. The Company’s outgoing CFO, Craig Eastwood, is leaving the
Company to pursue other opportunities. In her role as Chief
Financial Officer, Ms. Barsa will lead Golden Leaf’s financial
operations and be responsible for managing liquidity, balance sheet
risk, and capital market transactions to ensure Golden Leaf remains
well positioned to capitalize on growth opportunities. Ms. Barsa
will report directly to William Kulczycki, CEO and President of
Golden Leaf.
Ms. Barsa brings over 20 years of progressive financial
leadership in a career marked by conquering business challenges for
profitable and ethical growth. Ms. Barsa’s experience includes
service as a Director, CEO, CFO and COO for multi-million and
billion-dollar privately held and public companies across consumer
products, financial services and other industries, including
Deckers Outdoor Corporation, Performance Sports Group Ltd.,
Coyuchi, Inc., Investors’ Circle, Smith & Hawken, Ltd. and
Patagonia Inc. Ms. Barsa focuses on strategic growth, process
improvements, financial accountability, operations turnaround and
developing corporate culture. She worked with Mr. Kulczycki for
approximately four years at Patagonia Inc., where he served as Vice
President of Sales, Marketing and Product Development, while she
was CFO and COO.
Mr. Kulczycki, commented, “I am delighted to reunite with Karyn
to confront the challenges and capture the opportunities presented
here at Golden Leaf. I believe her business skillset and personal
attributes augment Golden Leaf’s opportunity to achieve my
objectives of instituting disciplined growth, balanced between
assessments of risk and cash flow returns that drive shareholder
value creation, with the goal of achieving profitability in the
near term. I would also like to thank Craig Eastwood for his
contributions to Golden Leaf and wish him all the best in his
future endeavors.”
Ms. Barsa, Golden Leaf’s incoming CFO,
commented, “When Bill called me to discuss joining him at Golden
Leaf to take on its challenges and prospects, I immediately knew I
wanted this opportunity. I believe I have the background and
experience to make a difference at Golden Leaf. Bill and I share a
vision for creating a strong organizational management team, an
environment of accountability and efficiency, and a robust process
for evaluating opportunities, all of which are expected to lead to
the creation of shareholder value.”
To be added to the distribution list please email
ir@goldenxtrx.com with “GLH” in the subject line.
About Golden Leaf
HoldingsGolden Leaf Holdings Ltd. is a Canadian company
with operations in multiple jurisdictions including Oregon, Nevada,
and Canada, with cultivation, production and retail operations
built around recognized brands. Golden Leaf distributes its
products through its branded Chalice Farms retail dispensaries, as
well as through third-party dispensaries. Golden Leaf’s cannabis
retail operations and products are designed with the customer in
mind, focused on superlative in-store experience and quality
products. Visit goldenleafholdings.com to learn more.
Investor Relations:Karyn BarsaChief Financial
OfficerGolden Leaf Holdings Ltd.503-201-0659ir@goldenxtrx.com
Media Relations:Anne Donohoe / Nick OpichKCSA
Strategic Communications adonohoe@kcsa.com/
nopich@kcsa.com212-896-1265 / 212-896-1206
Disclaimer: This press release contains
"forward-looking information" within the meaning of applicable
securities legislation. Forward-looking information includes, but
is not limited to, statements with respect to the Company’s future
business operations, the establishment of, and the future scope and
scale of, the Chalice Farms retail system, the level of funding
needed to establish the Chalice Farms franchise model, that the
Chalice Farms franchise model will be successful and generate
positive cash flows, the opinions or beliefs of management and
future business goals. Generally, forward looking information can
be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to general business, economic and competitive
uncertainties, regulatory risks including risks related to the
expected timing of the Company’s participation in the adult use
market, market risks, risks inherent in manufacturing operations,
difficulties of establishing a successful franchise model and other
risks of the cannabis industry. Although the Company has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward looking information. Forward-looking
information is provided herein for the purpose of presenting
information about management’s current expectations relating to the
future and readers are cautioned that such information may not be
appropriate for other purpose. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws. This press release does not constitute
an offer of securities for sale in the United States, and such
securities may not be offered or sold in the United States absent
registration or an exemption from registration or an exemption from
registration.
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