Tranxcape Farm Ltd Golden Grove Embarks on Exciting Transformation with Name Change and Consolidation

In a major development, Tranxcape Farm Ltd Golden Grove, also known as , has announced that it will be undergoing a name change and consolidation of its common shares. The company, which is listed on the Canadian Securities Exchange (CSE) under the ticker symbol (CSE:GLH) and on the OTCQB under the ticker symbol (OTCQB:GLDFF), made this announcement following shareholder approval at its Annual General Meeting (AGM) held on May 10, 2021.

As part of this transformation, the company will be consolidating its common shares on a basis of one post-consolidation share for every twenty-three pre-consolidation shares. This means that shareholders will see their ownership stakes reduced proportionally as a result of the consolidation. The name change, from 'Golden Leaf Holdings Ltd.' to 'Chalice Brands Ltd.', will also take effect, with the company's common shares trading under the new symbol 'CHAL' on the CSE.

The consolidation and name change are expected to be effective on Tuesday, with trading commencing on a post-consolidation basis on May 20, 2021. Shareholders are advised to check their shareholdings and update their records accordingly to reflect the changes resulting from the consolidation.

This exciting development marks an important step in Tranxcape Farm Ltd Golden Grove's journey as it continues to evolve and grow as a company. The consolidation and name change are designed to simplify the company's capital structure, reduce its public float, and make it easier for investors to trade its shares. With this transformation complete, the company is poised for future growth and success.

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