Alliance One International acquires 80% stake in Goldleaf Pharm

February 8, 2018

On February 8, 2018, Alliance One International, Inc. (NYSE: AOI) announced that its wholly owned indirect subsidiary, Canadian Cultivated Products, Ltd., had acquired an 80% stake in Goldleaf Pharm Inc.

US-based Alliance One International is a leading independent leaf tobacco merchant serving the world’s cigarette manufacturers.

Goldleaf is a late-stage applicant under the ACMPR for required licensing to produce and sell medicinal cannabis in Ontario, Canada and is currently completing construction of a 20,000 square foot indoor growing facility with further expansion planned for an additional 710,000 square feet of production over a three year period.

Miller Thomson advised Goldleaf Pharm with respect to this investment with a team that included Ryan Done and Bryan Smits.