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Remember before the merger very few posts were made on a daily basis. Everyone understood the business plan and had the confidence in our management to execute the plan. We are now going back to those days. With the new deal with Tahoe Hydroponics which cost GL:DFF a lot less cash and with the removal of any money going to bail our TRTC, GLDFF has all the cash it needs to get to where they are a profitable business. Now we can relax and let the GLDFF management team go forward as we had always hoped they would!
GLDFF always projected the company to be profitable 2nd half of 2019 Nothing has changed and that will be some of the good news. Why cancel the merger today? I think Tahoe is about to be approved and the fist thing was to get rid of Terra Tech. No need to pay any mind to the baseless assertions by the stock promoters any longer!
The merger is not in their best interest. Once Tahoe gets final approval and could be very soon they will reevaluate what they want to do. They do not need a bailout like Terra Tech does. GLDFF has plenty of cash on hand. Nevada Tax office just finished up with the licenses late last week and they received additional information they requested from Tahoe so the approval should be very soon. GLDFF is working their business plan regardless of the share price.
All GLDFF wants are the licenses that Terra Tech has.
Terra Tech CEO signed a settlement agreement to avoid further prosecution in the IEAM Bankruptcy proceeding. This disqualifies him from being able to be CEO and list Terra Tech on the CSE. In the IEAM case Derek Peterson took $500,000 in shares of Restricted Stock and could have been prosecuted and should have been since the company went bankrupt and the shareholders got completely wiped out.
Golden Leaf Holdings has a good partner in Tahoe Hydroponics and has all the cash on hand it needs to 2nd Qt 2019 when the company is operating at a profit. TRTC now at .96 and falling with no cash on hand and notes to Dominion due Dec 23. GLDFF can support its assets and continue to develop as it had planned. TRTC is gasping its last breath and the talk of a merger was a diversion.
If TRTC starts to sell off licenses it removes any value to GLDFF that the company had.IMHO
Thanks I thought the notes were due on the 15th. They better hope the share price goes up but investors may just have had enough!
The 280E rule is exactly why fast expansion in the US is not necessary. The Feds will not legalize recreational Cannabis for at least 12-18 months. Plenty of time to develop more CBD business, Tahoe, Bald Peak facility in Oregon and harvest our Canadian crop. Legalizing hemp is not legalizing recreational cannabis. GLDFF has great products, Brands and Chalice Farms is a great dispensary franchise.All TRTC has are some licenses and with no cash to make them work is just another misguided use of shareholder investment capital.
GLDFF is growing pot in Canada and is turning a profit doing so. Turning a profit has never been in TRTC's gamebook. Is there one thing TRTC does that makes a profit for the shareholders? Monday TRTC shareholders will exit before Dominion sales start to occur.
GLDFF needs only to ditch the merger. Dominion notes due this week. Dilution is on the way!
GLDFF has issued only one class of common shares. Poor attempt to make something seem otherwise. With Dominion notes due Dec 15 the only repayment will be to issue shares of stock and then wait for them to be unloaded! Most likely another RS to prop up the SP!
It will not totally clear up until they announce the merger is dead! Nevada issued a lot of licenses yesterday so hopefully they issue their approval for Tahoe this week. That will also help our share price.
Absolutely correct! Its hard to ever want to be a shareholder in a company where you are not sure if you bought the A Shares or B Shares. Always a concern if your investment was going to be worth anything! If you have to question the integrity and honesty of a person's character its best to walk away!
Its time to just focus on GLDFF and Tahoe Hydroponics. We have the cash on hand and time is on our side to pursue the business plan that GLDFF has already in place. Everything else is just static and means nothing. The stock price will still fluctuate until the static goes away. GLDFF is focused on their investments so things will improve shortly.
Management of Golden Leaf is anticipating the Nevada approval for Tahoe to be very soon. They had to forward a few last requests and are now just waiting. Once the approval comes thru GLDFF has everything in place to really grow. It doesn't matter what happens to share price unless you need to sell now if not they have always stated that they will be profitable 2nd half of 2019. I am not concerned about the share price or the lame posts that try to undermine the Value of GLDFF. I am thankful I am a GLDFF shareholder and I am only interested in GLDFF events.
GLDFF actually grows pot which is why we are in business. The Sweet 16 license in Oregon will add to our Canada Grow Operation. Tahoe in Reno Nevada already makes a profit and once Nevada finishes up their approval we add California and will have multiple pot grow facilities which is what we are in business for. When you add our Edibles and extracts and Chalice Farms its the real deal. That is why I invested in GLDFF. Everything else is temporary static and will soon be history. GLDFF has a great business enterprise already in motion and will be profitable 2nd half of 2019 which is what management has projected. This is the kind of investment that will just get better and better over time!
It took awhile to sort through things but I also think GLDFF is not going to do merger.
Hemp is not pot you smoke. You feed livestock with it. Legalizing hemp does nothing to make the Feds legalize recreational Cannabis. Just a narrative to try to make people think the the Feds are close to legalizing pot. It just isn't so! It will be 12 months or more at the earliest!
GLDFF went from .22 when merger was first announced not .40 They has a good 3rd QT 10Q report but were hurt by the $7.9 million financing which brought them to .16 The rest is attributed to the association with TRTC. Tahoe approval is said to be very soon and they know Tahoe makes profits not just gross revenue. Same for our Canada Grow Facility. No more mention of Terra Tech in public announcements just Tahoe Hydroponics and Golden Leaf Holdings as the new company going forward.
Right thing to do. Read the last press release. The focus has shifted away from any merger and working with Tahoe owners going forward. The Tahoe owners also know who the real players are in Nevada and California. They dropped their price by a few million agreed to receive incentive bonus money base upon production figures. They stated that they were looking forward to the partnership with GLDFF and never mentioned Terra Tech. GLDFF now has a few million more to build out the California grow facility. This will end very well for GLDFF investors who stayed. Not much need to post much more I think its going to wind up as soon as the final approvals for Tahoe are received from Nevada.
GLDFF is continuing to work its business plan. Its assets are in much better shape to turn a profit. TRTC will be out of the picture soon.
Hemp and marijuana come from the same cannabis species but are genetically distinct and should not be confused as being for the same use. Hemp is not and never will be used for recreational or medical marijuana. This act is not legalizing recreational or medical marijuana use!
In the last video and press release not one word about the merger with Terra Tech. The press release was all about Golden Leaf and Tahoe Hydroponics. The focus is on getting Tahoe approved by Nevada authorities and getting the Oregon grow operation in full running mode. GLDFF will be in a position by 2nd half of 2019 to be profitable which is what they have said all along. The less said about TRTC the better!
The only reason for the share price dropping is fear TRTC could somehow be connected to GLDFF. I do not think that that will happen. It is unfortunate that investors fled due to not wanting anything to do with TRTC. GLDFF is on the right path to generating positive cash flow and will do this in 2019.[color=red][/color]
The new terms with Tahoe Hydroponics includes a monthly earn-out of approximately $82,150 to Tahoe for each 100 finished pounds of production. Nice to see a company capable of producing some Cannabis!
Not one word in the press release about TRTC. Why would Ray Schiavone CEO of Tahoe Hydroponics agree to now get $4 million instead of $8.5 million and get the balance in GLDFF stock if TRTC was still in the picture? You think he wants .1203 shares of TRTC for his GDLFF stock? As he is quoted our current customers are very important to us and will continue to be. Together we create a formidable team, and we are delighted to participate in striving to achieve the highly sought-after aspirations set for this industry. GLH has some revolutionary things they are working on, and we are glad to be part of that amazing story. No mention of TRTC being a part of that team! The nightmare of a possible merger is coming to an end!IMHO
Why would anyone sell for less the agreed upon price unless there is another option! GLDFF share price has fallen only since the announcement of the merger! Investors think this is a terrible idea! I think GLDFF is about to see a turnaround!
If you are selling your facility why in the world would you accept less but still accept shares of GLDFF stock? There has to be an understanding that GLDFF shares survive a merger1
The only shares worth keeper are GLDFF!
Thanks! Let me send this to Craig Eastwood not that he needs any additional to determine the outcome of his opinion on the merger!
Investors have spoken! Do a merger with TRTC and we are gone! This new info speaks volumes! Never would a seller accept less money for their investment unless there was a reason!They see what investors see. TRTC is not worth doing a merger with!
Again not because of what GLDFF has done. It is all tied to being a part of a garbage merger with a piece of garbage!
And Dominion has not even had their opportunity to dilute the shares! Going to hell in a hand bag!
You unfortunately must be referring to TRTC Stock! TRTC has never made a good deal yet! The company is a loser which is why ever since the merger was announced the share price of GLDFF has taken a hit! Investors know TRTC is a bad investment wand unfortunately it has cost GLDFF shareholders their investment! Show me one good deal TRTC has pulled off! I think this new announcement is important because it shows our business plan is solid our investments are solid and we do not need TRTC!
Why would the current owner of Tahoe take a lot less money, less cash at closing and receive mostly shares of GLDFF. Not realistic to thing they would want stock that would be converted to .1203 of TRTC stock. I think there is something else brewing!
The restructure states we have now purchased the entire Tahoe Acquisition for a total of $25 Million which is already producing positive cash flow! Only $4 million cash and the rest is GLDFF stock. No toxic Debt! Didn't TRTC pay $25 million for 1 dispensary which is cash negative? Between the Canada Grow operation, just getting the Sweet 16 license in Oregon and restructuring the Tahoe Deal I hope our CEO decides against the merger.
Thanks for the info. Will be interesting to see how this plays out in Mid December when 1st group of notes become due.
Neither company was prepared for a merger. Little or no communication from both CEOs is not helping either.
If you use the original factor which will most likely change before its all said and done which was .1203 shares of TRTC for each share of GLDFF Selling today at .115 makes no sense at all. Using a range of SP for TRTC from 1.10-1.195 At 1.10 the break even sale price for GLDFF would be .1323 AT 1.195 it rises to .1437. If the merger goes through the SP should get a bounce and most likely will be more than today's ending SP. If the merger does not go thru it will surely bounce past .115 and end up who knows where!