Golden Leaf Holdings Ltd. (DB:9GL) signed a binding letter of intent to acquire Medical Marihuana Group Corporation for CAD 15 million on March 14, 2017. Golden Leaf Holdings Ltd. signed a definitive agreement to acquire Medical Marihuana Group Corporation for CAD 15.1 million on June 27, 2017. Under the terms of the agreement, shareholders of MMGC will receive an aggregate of CAD 10 million to be satisfied by issuance of 35.2 million shares of common shares of Golden Leaf Holdings on the closing date of the transaction and contingent consideration of CAD 5 million of common shares of Golden Leaf Holdings in the event that certain gross sales targets of Golden Leaf Holdings branded products in the Canadian medical cannabis market are met within 18 months of marketing efforts commencing in Canada. The deal is subject to certain conditions, including CSE and regulatory approval, and will be completed within 5 business days of Medical Marihuana Group Corporation receiving the cultivation license from Health Canada. Harrison Phillips of Viridian Capital Advisors acted as the financial advisor for Golden Leaf Holdings Ltd. AC Group Financial Inc. acted as advisor to Golden Leaf Holdings in the transaction.