Dundee Capital Initiates Coverage on Golden Leaf Holdings with a $2.00 Target Price - Video Research Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - December 9, 2015) - Dundee Capital Markets has initiated coverage on Golden Leaf Holdings (CSE: GLH). Analyst Aaron Salz rates the company a buy, speculative risk, giving a 12-month target of $2.00, a premium of 100% to the $1.00 price on December 2nd, the day the report was issued.

InvestmentPitch.com has produced a "short video summary" about the company and the Dundee Capital buy recommendation. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Golden Leaf" in the search box.

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Golden Leaf is a vertically-integrated cannabis producer in Oregon with growing capacity for cannabis flower and oil. With cannabis now legal for recreational sale in 4 states, it has created a new commercial opportunity for both investors and entrepreneurs, with a recent poll suggesting that 58% of Americans believe cannabis should be legal.

Dundee believes Golden Leaf is front and center in this revolution, ranking as one of the largest North American cannabis extract companies and a thought leader through its R & D division in Israel. Generating in excess of $1 million in sales per month, Golden Leaf is a leader in the state of Oregon, and is on pace to double its market share in 2016 as Oregon's recreational market picks up speed.

Analyst Aaron Salz stated: "Oregon has the potential to be a $500 million plus recreational market, in addition to the $145 million long-established medicinal market."

Unlike Canadian licensed producers, which currently remain restricted to 100% dried bud, Golden Leaf's sales are focused almost exclusively on extracts, which typically have higher profit margins and lower production risks, as production runs take 12 - 24 hours vs. full crop cycles of more than 16 weeks.

Led by CEO Don Robinson, former CEO of Cara Foods, the company has an impressive suite of consumer packaged goods and food service executives, combined with Oregon residents experienced in cannabis.

Robinson stated: "We have started due diligence on acquisitions in Washington State. The market for oil extract products in Washington is double the size of Oregon. Washington allows oil extract products and edibles to be sold recreationally."

In November, the company announced they have entered into an exclusive licensing agreement with Dixie Brands, arguably the most recognizable brand in cannabis, to manufacture and distribute Dixie Elixirs and Edibles products in Oregon. Golden and Dixie will also begin working collaboratively to explore future opportunities in other jurisdictions for their collective portfolios of products.

The shares are currently trading at $0.95, well below Dundee's target price of $2.00, and with 61.2 million shares outstanding, the company is capitalized at $58.1 million.

For more information, please visit the company's website www.goldenleafholdings.com, call John Aird at 416-725-6458 or email jaird@goldenleafholdings.com.

For more information about Dundee Capital or to obtain a copy of their research report, contact your nearest Dundee office. Their branches are listed on their website at www.dundeecapitalmarkets.com.

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