so would i have to go up to a 38 ? i feel like that has to be too big right ? <| sep |> GOLDEN LEAF HOLDINGS LTD . ANNOUNCES AN UPDATE TO THE WASHINGTON ASSET PURCHASE AGREEMENT AND RECENT CHANGES TO THE BOARD OF DIRECTORSTORONTO , ONTARIOMarketwired March 4 , 2016 Golden Leaf Holdings Ltd . GLH or the Company CSEGLH , would like to take this opportunity to update shareholders regarding itsstrategic partnership the Strategic Partnership with BMF Washington LLC BMF , andrecent changes to the Company ' s Board of Directors . As previously announced , the agreement between BMF and the Company called for BMF to receive $ 15 million USD in connection with the Strategic Partnership within 45 days of the transaction closing date together with the issuance of 300 , 000 warrants exercisable for a twoyearperiod . Under the terms of the agreement , the Company was required to pay $ 12 millionUSD in stock and the remaining $ 3 million USD in cash . BMF and the Company have entered into an amending agreement pursuant to which $ 1 . 5 million USD of the cash component of the consideration will be payable in installments over the next 9 months provided that the Company has sufficient cash flow , with a final maturity date of January 14 , 2017 . The balance of the cash and equity consideration will be payable upon closing of the Company ' s previouslyannounced convertible debenture financing . The amended payment schedule enables GLH to use the outstanding balance for working capital , focusing on driving sales in both Oregon and Washington State . The Board of Directors recently accepted the resignation of its Chairman , Rick Miller , who resigned for personal reasons . He played a key role for GLH and we wish him nothing but success in his future endeavors , stated Don Robinson , CEO of GLH . In the interim , I will be assuming the Chairman ' s responsibilities , as the Company looks to appoint a new Chairman . In connection with the Strategic Partnership , Peter Saladino , CEO of BMF , has been appointed to the Board of Directors . Peter is a passionate entrepreneur who has built and managed a variety of successful companies . He founded BMF Washington , one of the largest cannabis producer processors in the state of Washington . He has designed and developed turnkey marijuana facilities in Seattle and Raymond , Washington . In addition , Peter is the principal owner of the South Fork Business Park which is a 20 acre site zoned exclusively for cannabis production . He helped found the Washington CannaBusiness Association which has played a significant role in supporting the growth and evolution of the legal cannabis industry in Washington . Peter is also currently President of Charter Construction , a multistate construction company with over 300 employees and sales of $ 150 , 000 , 000 annually . He is a graduate from the University of Washington and sits on the board of Big Brothers and Big Sisters of King County . We are very excited to have Peter joining our Board of Directors . He brings a wealth of experience and is a proven market leader . Peter will play a pivotal role in assisting GLH in attaining an even greater market share in both Washington and Oregon , concluded Robinson