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What is really a disgrace is for so called investors whining about a company that continues to increase its revenues while at the same time decreasing its costs. This is a path every company strives to be on. The industry has just started and the way Golden Leaf has positioned its assets to create revenue is what every investor wants to see happen. Share price will improve when the debenture holders finish up and exit the cannabis marketplace. the share price is immaterial at this point in time. Building a solid revenue base, good management and controlling overhead are all points that will drive the decisions made by Golden Leaf going forward!
I noticed you also post on the failed merger partner's page. Interesting focus. Not informational just attack mode. The attackers are always focused on share price and not ROI.
Pure stupidity and for some reason an agenda of hate!
Investors of Golden Leaf can see how well positioned our assets are which will shortly result in net profits. There is a lot of stock outstanding but relatively speaking very little being traded. The debenture holders were given the opportunity to receive shares of common stock and exit the cannabis marketplace and they did so immediately. Their investment goals are different from ours and they are not going to hold long positions. When the proposal of a merger was announced last year quite a few investors who had prior knowledge of their management team were outraged and sold which started the stock's decline. After the initial October Canadian legalization period the entire industry has had a difficult time getting its footing in an industry that has tremendous potential. Golden Leaf has had a couple of bumps in the road with respect to its management team but nonetheless its kept its assets in place and continued to grow its revenue base. Now with a good management team plus a couple of added facts:1- Oregon is weeding out the over supply of cannabis 2- CBD is now approved throughout Canada 3-we are fully licensed in the Canadian Medical Marijuana marketplace 4- our grow facilities are harvesting great weed 5- we have banking relations. Too many positives for a Golden Leaf investor to want to dump their shares. Too many positives for a buyout or merger to happen in the short term. Tough to see the volatility but it will turn into a great investment because we have a legit management team and great assets!
I do not believe a buyout is in the immediate future. Why ramp up the website TV and obtain a line of credit with a lender? Like I posted previously I believe the shares being sold are the former debenture holders. They were quick to accept the stock as a settlement and are not looking to hold for 2020 and will take a tax write off in 2019. This is a new management team and I believe they are into making Golden Leaf successful. October kicked off the CBD market in Canada and we are ready for that market. We have new business in California in progress. We have our licenses for Canadian Medical Marijuana which currently are backlogged for many competitors. Our cultivation business is in full swing.By the end of the 2019 year we should turn a profit and look to 2020 to be a real breakout year. Look at some of the info posted recently regarding how undervalued Golden Leaf shares are currently trading at. Golden Leaf has not made the missteps and bad investments like quite a few of the Cannabis Companies have made.
I disagree. The shares being sold are still the aftermath of settling the Debentures. The money owed for Chalice Farms was put off so there is no payment presently due. William Simpson also would not be selling off shares at such a low share price especially when he knows first hand the progress the company has been achieving. He may very well be involved with a new startup cannabis venture but other than owning Chalice Farms he has very little experience in running a full scale company. The selling volume is not that great either so selling off 200 million shares is not happening. The stock could be shorted by investors but that could backfire very soon if the company reports decent earnings.
I did purchase when the share price dropped and increased my shares by 50%. I want to see 3rd and 4th Qt Qs to determine the time table for the share price recovery. I like the way the company has created multiple profit centers and cultivates its assets. I think a 12-18 month timetable is realistic for the company to gain real value. Share value does not impede Golden Leaf's progress. The goal is ROI and not pumping the share price to make investors feel good about their investment. Many US cannabis companies are going to fail because of Federal Tax, inability to cross state lines and inability to get access to banks.
Its hard to understand why Golden Leaf share price is suffering when you see all the progress the company is making. In the end it is a great buying opportunity and will end up a great investment. Golden Leaf has the line of credit with a Canadian Bank which no American Cannabis Company has. It has its Canadian Medical and CBD full licensing. Its finishing up its Oregon and Nevada grow facilities. The deal to sell CBD products in California will only add additional revenue to the mix. Viewing the Chalice Farms TV site gives viewers the opportunity to see first hand the progress Golden Leaf has achieved in the industry. Its a well planned growth company that will be a stellar investment within the next 12 months. The share price has absolutely no impact on the future of Golden Leaf. ROI is all that matters and Golden Leaf is right on target to become one of the first Cannabis Companies to reach a net profit level!
When you see the assets 70 mil versus liabilities 30 mil and see the great profit structures that will generate terrific revenue you know Golden Leaf will be a great cannabis company. The presentations show outstanding progress that will create net income very soon. Hopefully it is Simpson that is dumping shares because he deserves the low return on his issued shares. The information is so positive regarding the progress Golden Leaf is achieving there is no way this company fails!
Thanks received the same info. Always wish it was a little faster!
Any idea on when 3Q being made available?
I would agree on most penny stocks but Cannabis is just in its initial stage and will remain volatile for another 12-24 months. It will be a multi billion dollar business for companies that have built the proper infrastructure for cultivation, CBD production and medical marijuana markets. A few of the Cannabis companies ran up the share price on hype and to this day haven't made a cent in ROI. Cannabis is not going away, its not a fad, its a soft drug that is enjoyed by millions of consumers around the world. A lot of missteps tapping into that market but I think there are a couple of companies that are about to make a positive profit and that will be the start! It doesn't take a lot of capital to buy a half a million or more shares!
All the articles posted today are very informative! Just keep in mind this industry is a long term investment. As long as management uses the capital that share holders have provided and have set up assets that will create revenue and ultimately a net profit nothing to worry about! The industry is going to be a tremendous opportunity for investors that are willing and able to let the companies mature.
One point to consider when looking at the Canadian market is which marketplace a cannabis company is operating in. A company I invested in is primarily focused on the medical marijuana market not the retail consumer market. Since there is a tremendous backlog of obtaining the licenses, having one already is quite an advantage.
I just spent two solid days of buying at the lows. This was a tremendous opportunity to load up and get ready for 2020! The low share price is nothing to worry about! Golden Leaf Holdings has used its assets wisely and is in a fantastic position to take advantage of the CBD market in the USA, Canada and internationally!
That may be true but also its a new management team. The former President of MMC also was not picked to take over the top spot. It may be chemistry or costs or both but something was lacking.
Golden Leaf Holding's extensive experience producing quality CBD chews creates opportunities like our new partnership with Micro Buddery. Golden Leaf has been on the right path for a long time and will see unparalleled growth in 2020. Where some companies didn't have the vision to see the potential of the CBD market until just recently our management team has put us in position to benefit from the Oct 1 Canadian Kick-Off of CBD sales and of course with our new California partnership. I am sure our shareholders will get additional announcements pertaining to new additional initiatives soon and it won't be about closing dispensaries and purchasing delivery vans!
If you read the announcement the Chalice Farm Chews are being produced by Micro Buddery and will be distributed to dispensaries retail locations in the Los Angeles and Orange County areas by C4 Distro & Trading starting September 2019. This is via a new partnership Between a Leading California Copacker and Distributor, Micro Buddery. No need for $$$ although Golden Leaf has $$$ and has banking relations with a line of credit if needed and you know how that is possible. Golden Leaf is a Canadian Company- Major Advantage over the US cannabis companies. Just another great additional revenue source and is operational beginning of the 4th Qt. 2019. @020 is going to be a banner year for Golden Leaf Holdings!
IMHO poster's parents were cousins. Another nice revenue source that doesn't require dispensaries and lots of overhead. What's nice is it already up and running not something that might happen in the future! Another revenue stream added on top of many others for Golden Leaf. 2020 is going to be a tremendous year for Golden Leaf Holdings and the Canadian Cannabis market.
Responding to your email. The Canadian market is a small sector of the market place since Canadian Cannabis companies can sell their products worldwide. The US market is very restrictive and with an effective Federal Tax rate of 70% its a tough road to get to any level of profitability. TRTC is making adjustments and I wish them well but its a real load to overcome the obstacles of doing Cannabis business in the USA. And now with a dysfunctional government stuck on impeachment there is little hope the republicans will bring any House measures to the floor of the Senate. Cocaine is a level 2 drug and pot level 1. Unbelievable!
I think that the stock will in 2020 be a great investment. I bought a lot more just recently. Posts on this site do not move the share price at all. The moronic dribble posted isn't going to affect anything. What is great about Golden Leaf is how they set up the cultivation, MMC and CBD product development. I do believe the US is going to be a so-so market and with what is happening with the impeachment proceedings no legislation will happen any time soon. Just another great advantage for Golden Leaf being a Canadian Company. I hope we just focus on expanding our St Lawrence cultivation and develop our Canadian CBD products and just sit tight with Oregon and Nevada. They have stated they intend to double the cultivation at the St. Lawrence grow facility. Canada is a 30 % tax rate which is great. October kicks off the CBD market. Everything is in place for 2020. If the company was reinventing itself and still trying to find its way it would be an entirely different story. When the #s hit the street it will take off.
This industry is just getting started. As long as Golden Leaf Holdings continues to build its cultivation centers, dispensaries and medical marijuana business we will be in great shape. We are also a Canadian Corporation and all of our revenue that is subject to Canada's Federal tax is at a 30% rate not the 70% rate that our Oregon and Nevada operations have to work under. Keep our presence here but expand our Canadian business at a much faster rate than our US business. The US will not see any significant cannabis reform for many years to come so we are fortunate to be a Canadian company. I am sure not too many people had considered this when they made their original investments but it has a tremendous advantage by being Canadian. We also can develop all kinds of opportunities with European and South American markets where Cannabis is already legal. I know we are all anxious to see the share price rise but I would be more interested in seeing increased net earnings! Share price will follow! We have already positioned our company for a great 2020 year!
Today the House of Representatives and the main stream media will make a case for impeachment. Whether they actually vote for impeachment will not matter. Both parties are completely polarized and nothing will get done for a long,long time. Its too bad for the Safe Banking Act because it does help the US Cannabis companies establish banking relations and get away from an all cash business. The cannabis states that would benefit (California, Oregon,Washington,Colorado,Mass, DC, Michigan) are all Blue States and Mitch McConnell will never do anything to help them out. The phone call had no offer expressed or implied as a condition to receive aid and there is a standing written agreement with the Ukraine to provide assistance by both countries to provide information where corruption is a possible issue. The Senate will never convict Trump and the American people are sick of all the investigations and witch-hunts. Bad move for the Dems to go down this path but they too are controlled by the main stream media which has taken a terrible ratings beating by being Fake News. I also am not surprised it is a CIA operative working at the White House who is the whistle blower. Even Chuck Schumer warned earlier that the CIA can destroy you any # of ways. CIA Brennan no doubt has a hand in this. This will not help the Cannabis Industry one iota! I am glad we are a Canadian Corporation! We do not need the Safe Banking Act and we operate in an environment where cannabis is legal!
Better to be stuck in one state where you are taxed at 70%, can't ship any product across state lines and cannot develop any banking relations. Glad you are stuck on stupid.
One last comment. I would advise any US cannabis company to set up a separate company in Canada. Canada is a launch pad to develop business in other parts of the world where Cannabis is legal. Golden Leaf will soon exploit that opportunity and will reach markets in a very cost effective way!
This past week our President has been meeting world leaders at the UN. For Nancy Pelosi and the Socialist Democrats to announce at the same time that they are proceeding with impeachment will only polarize the two parties and the result will be all legislation will come to a grinding halt! My research shows only a 2-3 % chance the Senate will take up The Safe Act and will only do so if McConnell thinks it might benefit some of the reelection chances for senators in states where their constituents are for some level of cannabis reform. The House should be trying to fix Healthcare where costs have been rising. The American public are fully aware of all the investigations and all of the wasted taxpay money blown on these investigations. This type of continued partisan witch-hunt will only benefit the republicans and postpone any real chance for Cannabis reform. The Dems have found a way to get rid of Joe Biden's candidacy since they really want a socialist as their presidential candidate. All of this will set the Cannabis Reforms by 6-8 years!
Amen! If the real issue of changing Cannabis from a Class 1 drug was done all Cannabis companies would be worth their weight in gold. The 70% Federal Tax Rate is the main issue that really needs to be overcome. Also decriminalizing would allow a business to ship from state to state. Until this changes the US market will cause cannabis companies in the US such hardships that failures that could have been straightened out aren't.
Totally expected since the House is controlled by the Dems. Unfortunately it also has to be brought up to the Senate floor which may prove to be a problem. Mitch McConnell is not a sure bet that he will do this anytime soon.. Skopos Labs gives it a 2-3 % chance to pass the Senate. It will happen at some point but who knows when? If there was a working relationship between the Dems and the Republicans it would happen. With what is going on with the impeachment of Trump not sure there is a path open at this time.
It was expected to pass the House since the Dems control the House. Unfortunately for the US Cannabis companies Mitch McConnell runs the Senate. Golden Leaf doesn't need the Safe Banking Act for banking relations. We already have banking relations because we are a Canadian company and we already have a line of credit. Skopos Labs gives it a 2-3% chance of getting Senate approval. Don't get me wrong it does provide a benefit to the Cannabis companies in the US which is great. It has very little impact on Golden Leaf. The major hurdle of the 70% Federal Tax Rate is what I would like to see changed. That would really help all of the US companies.
Canadian companies are not bringing any cannabis into the US. What for? Its legal to sell in Canada, Europe and many other markets without the 70% tax rate the US companies have to pay. US companies will never get out from under the heavy burden of an effective 70% Federal Tax rate. The US market is ok for the pot smokers but a lousy economic place for pot companies.
Some people only see share price as an important factor to consider. I see this company building a solid foundation that is designed to produce great product and satisfy the needs of various consumer markets. This is not a one state dispensary only operation! The industry is in its infancy and I see Golden Leaf Holdings as being one of the best in the industry within the next 12 months. If your history in Cannabis has had mainly lows I can appreciate your constant negativity. Took awhile for Golden Leaf to shake off a lousy merger but that's not our problem anymore!
Typical worthless vile comments.
I agree about the potential of Golden Leaf Holdings. Not only do we have great facilities producing cannabis, CBD products and hemp we also have great dispensaries. It must be tough to own a US Cannabis Company. Federal Taxes are at 70%, can't ship anywhere except within the state you are licensed in. Lots of talk about changes coming up in Banking Laws which unfortunately will be put on hold for quite awhile. Doesn't matter what the House does Mitch McConnell is not going to bring it up in the Senate. The political climate (Complete Polarization of Parties) will kill any effort to go forward in the Senate. Our MMC Division in Canada will be a cash money machine starting in October. October kicks off the legalization of CBD products in Canada and we are ready to make a killing in this market. 2020 is our year to begin net profits which is what most companies in the US can only dream about!
YOU MUST BE MISTAKEN! Didn't you see what Nihole said? He is The Source for what banks are doing for Cannabis companies. Today's action in Washington regarding the Democrats pushing for Impeachment has polarized both parties and I suspect that not one bill will ever get passed for the remainder of Trump's 1st Term. In addition what the Democrats are doing will turn off most of America insuring Trump a 2nd term and for the Republicans to take back the House and most likely add some seats in the Senate. IMHO it will be 6 years at the minimum for any changes in the banking laws or for pot to be reclassified from a Level 1 prohibited drug.
If you say so. Banks are not allowed to accept deposits from business obtained from Class 1 drugs. Depending on the phone transcript of Trump's conversation with the Ukraine leader if the Republicans feel there is no issue and if the Democrats proceed with impeachment nothing will get done legislatively for quite a long time. Again I'm not saying it will never happen but if it doesn't happen soon it will continue to be an issue for US Cannabis companies. Interesting press conference Biden gave. Gave a statement and walked off the stage as fast as he could. Did not take one question.
As of today only 33 cosponsors in the Senate which is only a third of the chamber. This includes 5 republicans. McConnell can still refuse to bring it up on the floor and would only do it if he felt it would help Republicans in the 2020 election. Certainly not DOA but some sources give it a 2-3% chance of passing the Senate. Just making the Senate feel some pressure regarding the issue is a change for the positive for Cannabis companies. Bigger issue is the 70% Federal Tax issue US Cannabis Companies have to deal with.
Correct analysis. Focus should always be on earnings not share price. Share price is a result of what investors felt about the earnings the company achieved or failed to achieve. A lot of effort to take investors eyes off the lack of company earnings! Management actually was given that same $20 million to invest in creating a profit producing enterprise.
Its the entire management team. Total incompetence. The revenue producing assets are mismanaged and are discarded rather than making adjustments to make them produce properly. Why would another company purchase these same assets if they were bad assets? They could have been made profitable but not with this management team. They had to turn these assets into cash just to keep the doors open and keep the revenue flowing to their management team. When you start a new venture you can escape criticism in the short run but that only lasts for awhile. 3rd Qt will result in the usual loss but 4th Qt will be a total disaster. Converting shareholder assets into non producing assets is the worst case scenario for investors. Running a business is about producing earnings. Share price reflects what investors will pay or not pay as they evaluate those earning reports. To just focus on pumping up share price to placate shareholders is a real is troubling! All of the hard earned investor money should be hard at work producing revenue so at some point maybe there could be a profit. Hasn't ever happened here and never will with this team! USA Cannabis company will not make a profit in the next 5-7 years. Why? The United States Senate will not legalize pot or change any of the banking laws. What the House proposes is not important since it needs the Senate to also pass the acts. Trump will win easily and Mitch McConnel will pick up seats and the House goes back to the Republicans.
For the Golden Leaf investors earnings is all that matters not the short term manipulation of share price. Golden Leaf's assets are already producing great products and are positioned to make 2020 a Banner Year! The real market for the next 5 years is not in the USA and its not recreational cannabis. Golden Leaf saw that over a year ago and is already geared up to take advantage of that market.