Golden Leaf Holdings Ltd. Announces the Launch of Dixie Elixirs and Edible Products in Oregon

TORONTO, ON--(Marketwired - February 23, 2016) -  Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE: GLH) is pleased to announce the launch of the first two Dixie Elixir and Edibles THC infused chocolate bars ever sold in Oregon. As part of the Company's licensing and manufacturing agreement with Dixie Brands, Inc., the parent company of Dixie Elixirs and Edibles ("Dixie"), both the 180MG milk-chocolate Crispy Kraken and 180MG dark chocolate Toasted Rooster bars are available immediately and are being sold in medical dispensaries throughout the state.

Looking to capitalize on the growing trend and demand for gourmet, quality crafted edibles and drinks, the chocolate bars are the first of many products to be made available between the Company and Dixie in the state of Oregon. The Company is expecting to launch additional Dixie products made with GoldenXTRX's premium 100% pure CO2 cannabis oil concentrate in the coming months. These products include but are not limited to Lifted Citrus Acai, Wild Berry Lemonade Elixir, and Dixie's full line of mints which includes Orange Zest Awakening, Peppermint Relaxing and 1:1 CBD to TCH ratio "Synergy" Berry mints.

The two THC-infused chocolate bars, Crispy Kraken and Toasted Rooster are artisanal crafted and made with all natural ingredients. These products deliver a sophisticated and gourmet edible experience, and have a proven track record with consumers in other jurisdictions.

• Crispy Kraken: Filled with 34% of premium cacoa milk chocolate and a layer of crispy crunchy goodness, this delectable chocolate bar is made with GoldenXTRX's premium CO2 cannabis oil.

• Toasted Rooster: The Toasted Rooster is a gourmet dark chocolate experience, made of 70% cacao dark chocolate, toasted pepitas, pink Himalayan sea salt and blended with 180mg of GoldenXTRX premium CO2 cannabis oil. Studies have shown chocolate with 70% cacao provides significant health benefits including lowering blood glucose levels, and lowering cholesterol and blood pressure. It also helps prevent heart disease and other vascular problems. (Free Radical Biology and Medicine - 2004/The Journal of Nutrition - 2008)

"This launch represents the first of many milestones in our partnership with Dixie. We are excited to introduce Dixie's products infused with GoldenXTRX's premium cannabis oil concentrate into the Oregon marketplace. We collectively made the decision to start manufacturing chocolate bars because we believe the current market segment for healthy, high quality ingredients is currently underserved and consumers are looking for quality and consistency with their selection of edible products," said Don Robinson, CEO of Golden Leaf Holdings Ltd.

"We couldn't be prouder to have Dixie's products finally in the hands of the patients, and soon to be consumers, of Oregon," said Tripp Keber, CEO of Dixie Brands, Inc. "Our chocolate line of products will be the first of many Dixie products that we hope to bring to Oregon, all of which will reflect the quality and expertise we have developed nationally at Dixie, but infused with local Oregon pride and excellence that we believe only GoldenXTRX can deliver."

About Golden Leaf Holdings:
Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. It's a leading cannabis products company in Oregon built around recognized brands. GLH leverages a strong management team with cannabis and food industry experience to complement its expertise in growing, extracting, refining and selling cannabis oil.

About Dixie Brands, Inc.
Located in Denver, Colorado, Dixie Brands, Inc., (Dixie) through its affiliates across the country, has been formulating and producing award-winning THC and CBD-infused products since 2009. What began as a single flagship product, the Dixie Elixir (a THC-infused soda), has now expanded to over 30 different products across over 100 SKUs, representing the industry's finest edibles, tinctures, topicals and connoisseur grade extractions. In addition, Dixie Brands launched two new CBD product lines: Aceso, is a suite of "hemp 2.0" products designed to provide general wellness and relief from minor aches and pains as well as mild-anxiety. Therabis is a pet supplement formulated by an experienced veterinarian and designed to provide pets, and their owners, with relief for itching, mild-anxiety and greater joint mobility. To find out more about Dixie's innovative products, or about how Dixie is building the future of cannabis, please visit us at http://www.dixiebrands.com.

Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Corporation's future business operation, expectations of gross sales, 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 Corporation 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, market risks, risks inherent in manufacturing operations and other risks of the cannabis industry and risks relating to the Corporation's ability to introduce additional edible products into the Oregon market. Although the Corporation 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 Corporation does not undertake to update any forward-looking information, except in accordance with applicable securities laws.