BlackShire to invest $25 mln in cannabis franchise brand
Golden Leaf Holdings Ltd, a Toronto-based cannabis oil solutions company, has signed a letter of intent with BlackShire Capital Corp to launch a franchise retail model focused on the cannabis sector. Golden Leaf and BlackShire, a Canadian cannabis private equity firm, aim to roll out the model under the Chalice Farms brand across North America and internationally. As part of the proposed deal, BlackShire would provide an initial $25 million for a jointly-owned management company operating in Canada and the United States. BlackShire would hold an 80 percent stake. Founded in 2014, Golden Leaf is led by CEO William Simpson.
28 March 2018•4 mins read
