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Have to wait till they release 4th Qt results. Because of auditing requirements I think it will still be some time off. I have kept all of my shares and I am positive the new CEO and CFO will take the share price upward and reward shareholders for their patience. Not drowning in toxic debt will be a real plus. Focusing on return on assets is assuring us a profitable return on our investment.
Absolutely need real information. Golden Leaf is now managed by an extremely competent team.This is not the case for some Cannabis companies that use their assets unwisely and will never stay in business long enough to get to a earn a net profit. The result for them will be filing for Chapter 7 Bankruptcy which will wipe out shareholders equity positions! I spoke late last week with our new CFO and felt that their commitment to becoming profitable as their first priority will fair well for our shareholders. They are well aware of what products the new Farm Bill benefits from a taxation standpoint. There will not be a lot of info until 4th Qt financials have been audited and become available to the shareholders. This does take some time so for now it will be interesting to see what happens to some of the supposed smart moves some companies have made all in the hopes cannabis will be legalized by the Feds. Legalization may occur but not for another 12-24 months. You need cash to get there which Golden Leaf has protected with the last couple of corporate decisions.
Great to hear GLDFF had a healthy increase in net revenue for 4th Qt. Hopefully we hear soon when they will have the investor conference call to discuss 4th Qt. figures.
Until Cannabis is legalized by the Federal Government it is the tax issue that makes pot profits hard to realize. It doesn't matter how many state legalize Cannabis. Any proposal the House (Dems) can produce will not see the light of day on the Senate Floor for the time being. This will drag on for some time to come so focusing on developing corporate assets is definitely the best path to travel. Will Cannabis someday become legal on the Federal level? Maybe!
Good to have a CFO that will be on the same path as the new CEO. I think we now have real dedicated professionals who are with the shareholders 100% Not forming other entities which should have been part of the GLDFF organization. The posts that keep dreaming of Federal Legislation are just hiding the fact that net profits are the goal. Companies that are banking on Federal Legalization have a long wait and unfortunately not enough money or time to see that happen. Much better to develop the currents assets and build real shareholder value. Looking forward to the 1st Shareholder Conference call with the new CEO.
CBD production is our best opportunity to make profits. We can produce our own product so we do have a cost advantage over others. I am hopeful we find out soon when we will get 4th #s. Hopefully we get a definitive outline of the CEO's view on the company and where we can best use our assets to get the best results. He has an expertise in national distribution which fits perfectly for the CBD market.
What is the point of acquiring Tahoe when you already have assets that need to be developed 1st. William Simpson had no expertise in mergers or acquisitions. The new CEO does. By ditching Tahoe they free up needed capital that they don't have to go out and acquire. Having assets that do not have the needed resources to help them become profitable is insane. We just got out of a situation with a company that has all kinds of licenses but still hasn't made a profit in its entire existence. Its different when you put an experienced management team in charge. They know where the goal line is. They are in a good financial position with very little debt. Your statement that Oregon is overflowing I have heard before during that bleak period when the merger was still on. Also you state that you believe Tahoe told GLDFF to shove it. Not sure why it would be an issue? GLDFF dodged a bullet when they cancelled the merger and if the new CEO wants to focus on developing the assets it already has I'm all for it.
Craig Eastwood could not disclose to me any information before it would be available to the rest of of the investors. He said that to me because I had mentioned my doubts that the deal was going forward. They had just renegotiated the terms of the deal which was true. I personally thought it was taking far too long for the approval and said as much. I think going forward this company will do just fine. Most of my investments are rental real estate. This investment I have said over and over again is 12-18 months out before this starts to pay off. I am just please that we are now on a legitimate path to success and it takes time. Now that we do not have to shell out the money for Tahoe we can focus on developing the assets that we have rather than trying to find the capital on the open market to support acquisitions that may be a break even at best.
It may be coming but not within the next 12 months. William Simpson was a failure as a CEO and took us down the wrong path because he chose to speculate rather than to build on the assets the company had already. Tahoe would have required Golden Leaf to go out and borrow more needed capital. I have spoken with Craig Eastwood and he has acknowledged how fast capital is being used up. By getting back to developing the assets that we have we at last have a chance to turn a profit. They are being very realistic about how to use the company's assets and are not going to speculate about what could be. Tahoe would have required all new Dispensaries in California and Nevada if we want to be a first hand distributor to the public which we are in Oregon. Better to fully develop the CBD products which are legal, can be shipped anywhere and will be taxed like a normal product. Sound business practices is the direction Golden Leaf is taking.
The # 1 reason you go into business is to make a profit. To delay this priority or reallocate funds needed to do this just so you can acquire other hopeful opportunities (Tahoe) is just not good business sense. Our new CEO is putting our company on tract to use its assets properly and start to make a profit. This is the course of action an experienced management team would take for any business and it was absolutely necessary to move GLDFF back to the basics of sound business practices. The Canadian Grow Facility also needs more additional attention. They have plenty of currently owned assets that need to be fully developed now. If 3rd Qt 2019 can show we have reached a positive cash flow position we will be on our way. If that happens we could see $1.00 share hopefully by the end of 2019.
It is unfortunate that some think legal pot is a sure thing. It has a long way to go! Your statement that there has been plenty of studies supports your feelings but not the reality of the situation. Mitch McConnell supported hemp legalization but is not about to put legalizing cannabis on the Senate's agenda. There are some fixes that could help but if cannabis is not removed as a Schedule 1 drug the tax issue remains and that is one of the biggest problems. Our new CEO has made the correct decision to focus on getting the assets we already have into full production mode and start to produce revenue as soon as possible. We have Bald Peak which needs our full attention and financial assets. The cash that GLDFF has to work with is limited so it makes sense to use it to create profits now and grow the business sensibly. The cannabis from Bald Peak can be used in our own dispensaries in Oregon and also for the production of our own line of CBD Chews and Oils. Getting to a position of positive cash flow is and should be our #1 Priority. #2 is to make our company a viable candidate for a merger that benefits the company and its shareholders.
Before it gets Federal approval there will be a demand for more time to study the effects of cannabis. That will take some time. There have been a few recent studies that are negative so it may be a factor in slowing down full legalization. Not saying it will never happen just don't expect it to happen in 2019.
A failed deal is one that looses money on your investment. Our new CEO pulled the plug on another bad investment just like he did on TRTC. Better to invest in Bald Peak properly than expend capital with a questionable return. They had already renegotiated the deal just recently for less money but obviously it still didn't fit as a good enough profit center. Now they don't have to keep on how pot is going to be legal and everything is going to be great! Look at the big investment that just took place in Canada into producing CBD chews and oil. That is the right direction to go!
No recreational Cannabis is worth producing since the Federal Taxes wipe out most of the profits. Better to adjust to producing what is legal than to keep dreaming that recreational pot will become legal in the near future. GLDFF already has its extration license and facility to produce its own line of CBD Chews and Oils. Bald Peak is being developed and will be ready by 3rd Qt 2019. Most of this cannabis will go into the production of CBD products. GLDFF does not have to buy CBD products from other producers so the profit margins will be very good. The new CEO has determined to change course and focus on what will bring in real revenue. Smart man! Far more capital is going into the CBD market than the recreational market. Having licenses for recreational pot will prove to be a money loser! Hemp -DerivedCBD will out pace all other Cannabis markets.Good to see GLDFF is not afraid to look ahead and not be blinded by foolish investments in licenses that will loose value every day that recreational pot is not legalized.
GLDFF has a new and well qualified CEO and will make whatever changes are needed to produce the best results. Last I saw TRTC was trading below .78 and you still have Dominion coming due next month and most likely 4th Qt depleted any cash that was on hand. Change of direction for the right reason is appreciated. GLDFF dodged a disaster with the TRTC merger being terminated.
It was the right decision. William Simpson was wrong on trying to do a deal with Terra Tech which most likely will go belly up mid 2019 and with the Tahoe Deal. GLDFF in Oregon has the extraction license and facility to produce the only Federally legal substance CBD. This can be shipped anywhere in the US. Also gets taxed at a normal rate. Since Cannabis is not going to be legal for a couple of years any company sitting on multiple licenses (TRTC) will find the value of those licenses falling. They will not only be falling, at present time they produce no revenue and are are only an asset on the books. The new CEO is right to look at our assets and refocus our efforts where there will be a viable market and potential profits.
The proposal of a possible merger cost CEO William Simpson his job.
The hemp law does not legalize Recreational Cannabis. It does legalize CBD oils and chewables. Until Schedule 1 changes for pot it is illegal and banks will not loan and Federal Taxes are calculated on Gross Revenue.
It's not law until Donald J. Trump signs the bill. There have been bills put forward that would allow States to have legal Cannabis and prohibit the Federal Government from interfering with States that have approved recreational pot.Again Mitch McConnell is not letting these bills see the light of day. Also until pot is legal the Federal Taxing of pot still remains a real problem for banks and for the bottom line profits.
You better hope he does not get approved. I want to see cannabis legalized but you can't count on Trump, Barr or Mitch McConnell
IMHO Willam Barr if nominated as Attorney General will set back Cannabis legalization 2 years on the Federal Level.
Part of our new CEO's backround is his experience in product distribution and marketing. This will be a real asset to the CBD market since it does not have the current restrictions that recreational cannabis has and can be shipped anywhere in the US or Internationally. Craig Eastwood also had mentioned that we will be getting some updates on the progress of Balk Peak in the very near future. 1st harvest is anticipated to be 3rd Qt 2019. Producing our own product will increase the profitability of the Chalice Farm dispensaries.
In my opinion, currently in the USA since pot is not legal the only real business to be in is CBD oils and chews. The major issue in the industry is the Federal Tax Rate. CBD is rated the same as Hemp less than 3% THC .It will take quite awhile if at all for Cannabis to be taken off Schedule 1 which would change the tax situation and open up banking opportunities for funding. GLDFF should continue to develop the CBD part of its business, increase production in Canada and for now focus more on medical pot. For the companies that touted how many licenses they had it will be difficult for those licenses to really pay off in the next couple of years. All their hopes were based on an immediate change in the Federal Law which if it doesn't happen within the next 6 months will mostly likely cause some of these companies to fold. The key is not to spend recklessly pinning your hopes on events that have not occurred. The new CEO for GLDFF is currently evaluating the market and where GLDFF is positioned in the market. He also is experienced with mergers which ultimately is what will happen so an experienced CEO will get our shareholders positioned for the best opportunity possible. I have always maintained this will take 12-18 months for this stock to get to a great value.
You should contact Craig Eastwood at GLDFF and get some clarity about Greenpoint CBD LLC. This was formed in early Nov 2018 when William Simpson was CEO of GLDFF. I spoke with Craig yesterday and he maintains that Simpson is still with GLDFF. As far as Tahoe still waiting on Nevada. I also asked why Tahoe portion of company website is no longer there and I was told since the deal is not approved yet it should not have been included in the first place. I indicated that it seems like a long time now that Tahoe has been under review. Craig maintains that the deal is still on. Nevada is back-logged and they can't announce anything else until things actually happen.He also referred to the fact that they only recently re-did the terms of the acquisition as an indication that the deal is still on.
I could not send a private message I didn't renew that part of this site after the merger was tanked.
Golden Leaf already does have a good start I believe with its Oregon operation and extraction facility. I will ask about Greenpoint when I get to speak with Craig. Maybe you could also call him and try to get some info . I will send you a private post with the phone # I have for Craig
I just placed a call to Craig Eastwood to see how Tahoe approval is progressing. The Tahoe info is part of our website but It would be great to see a final announcement that Nevada has finished its review. I know GLDFF would like to get this approval finished up and are tight lipped about the approval until they have the final word. I am a long term investor so my view has not changed that this will be a good investment and also be a great candidate for a merger. Our new CEO does have experience with mergers so going forward we have a good shot at being teamed up with the right partner.
I also think a new and very experience CEO is helping. Long way to go but it is a good start!
When the conversion factor was made TRTC was 1.80 and GLDFF was .22 Not sure why you still need to bash a company that made the correct decision not to merge with TRTC. The only value TRTC had were the licenses. The negative was its management team. Just to stay alive TRTC will have to start selling off its licenses and then what will it have. Nothing!
Corrected you once before. Pre merger was .22 TRTC is a total disaster and will not get past 2nd Qt. 2019. TRTC has no cash to support itself which is why it so desperately tried to do a deal with GLDFF. GLDFF was the one that put an end to the merger not TRTC!
Absolutely. He took way too long to dump TRTC once he knew it was a total waste of time. With no cash on hand TRTC will not make it to the 2nd Qt 2019
Just spoke with Craig Eastwood. Verizon caused the Ph# on the site to go down. Will be corrected asap. All is good. Still waiting on the tax audit for Tahoe. Hopefully soon.
Fortunately there isn't going to be a merger so what is your point! It's over get over it!We do not wish the TRTC investors ill and actually hope they do alright!
I never sold one share throughout this merger ordeal! GLDFF always had a very good business plan! Canada was already producing pot and producing profits.Their network of Chalice Farm Dispensaries was already a terrific brand. Their CBD products were great and already in their stores and in Nevada dispensaries. They received their Oregon cultivation license. Tahoe is the final piece that brings California and Nevada into the picture in a big way! GLDFF also has the cash on hand to get them to when they are profitable so the company is fiscally sound. They have the cash to develop its assets properly. Once that is done then seeking a partner will be the best next step. I do not see another Cannabis company as a partner but rather a beverage or tobacco company with lots of investment cash to really make the company pop! Golden Leaf Holdings is a brand name I really back!
I agree with staying away from that board. TRTC has nothing to do now with the value of my investment and its their shareholders whose investments are at stake!Let them choose what is in their best interest!
The outcome we wanted was achieved! We did whatever would help to get there! Goodbye!!!!! Rots of Luck!
Thanks for that info on your post. The fact that our CEO was able to cancel this merger this fast shows his concern for the company and the best interest of its shareholders. This could have dragged out into Jan and Feb and left all of us hanging. I know some shareholders felt this could have ended faster but GLDFF did give it a good look and thankfully canned the deal!
Very low amount of THC which is why it is not for smoking.It all comes back to Mitch McConnell and the Senate. He is not going to change Federal law for Cannabis for some time yet. The constant posts trying to make everyone believe Federal law was going to change just because States were legalizing pot was wrong.If GLDFF just gets Tahoe approval that includes Nevada and California. They are working on a facility in Oregon. They have Canada. Get everything going strong then look to partner up but with a good partner and not necessarily another cannabis company. Beverage or Tobacco merger would be much better. So much more cash would be available.
The THC content is too low to smoke it and get high. It is only good to feed to pigs!
Remember all the posts about the legalization of Hemp. You cannot smoke hemp. It has nothing to do with opening the door for Federal approval of cannabis. It makes no sense to rush into anything right at the moment. GLDFF has a great business plan that will give us a better chance to do a merger with a much better partner after we have profits being generated. TRTC would have been a severe drain and the toxic financing they had was ultimately going to take both companies down. Out management team was always going to do what was best for its shareholders!