November 28, 2016 - By Dolores Ford
Golden Leaf Holdings Ltd (OTCMKTS:GLDFF) closed at a share price of $0.331, at the end of the November 25 trading session, adding another 3.08% to its share value. The stock has been slowly regaining its share value, after recording an intra-week low of $0.29 per share, as compared to a high of $0.387 per share. The confusion surrounding the stock can mostly be attributed to the fact that the company is yet to file its financial results for the 3Q2016. As per reports from the company, it is due to file its financial results for the 3Q2016, on November 28, 2016. This would also be followed by a shareholder conference call, the day after, to discuss the financial position of the company.
This would be the first investor conference call, for Golden Leaf’s new CFO, Eugene Hill. The new appointment was made on October 26, 2016. GLDFF announced that Mr. Hill has a history working in corporate finance, mergers and acquisitions and financial planning and analysis. Moreover, he is also experienced in strategic planning, tax and international business. The company also noted that the new CFO has so far raised over $1 billion through debt equity financing, in his career. He is also known for completing several non-deal and deal roadshows with analysts, from Wall Street.
Mr. Hills most distinguished accomplishment is his past role as Assistant Treasurer of Cisco Systems, in its early days. The company stated that he was instrumental in opening new offices, for Cisco, in international markets. Moreover, he was also responsible for managing a $1 billion fixed income portfolio and establishing a $2 billion commercial paper program.
Don Robinson, Chief Executive Officer of Golden Leaf Holdings, commented, “I’m excited to welcome Eugene to the GLH family where I believe he will make an immediate impact further supporting the Company’s position as a leader in the evolving and dynamic cannabis marketplace. We are confident that his leadership and experience with corporate finance, financial planning and analysis, tax and public companies will contribute greatly to the long-term success of the GLH business.”
“I can’t imagine a more exciting time to join Golden Leaf, “ Mr. Hill said. “I look forward to working with Don and the GLH leadership team to support the strategic business plan and the Company’s long-term growth in the cannabis industry.”
Golden Leaf is widely regarded as one of the largest cannabis oil producers in North America and is based in Oregon. The company’s strength lies in its management team, with a wide range of experience, in the cannabis and foods industry. Although the new CFO’s experience is mostly associated with technological companies, he would still be vital for securing funds, as the company moves ahead with its development plans.
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By Dolores Ford