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Also consider the recent announcements that will directly affect Golden Leaf's revenue. 1- Oregon will address the over-supply market issue and October is the kick-off for CBD products to hit the market in Canada. We also have a tentative deal to sell CBD chews in California. Many revenue sources have opened up for Golden Leaf.
Golden Leaf is headed for success. Tough to experience this past year's events but I never felt that management was in it just for their own enrichment. It is a new industry and there were missteps but I do believe they are focused correctly and will be successful.
Although the industry will grow Golden Leaf has targeted the medical cannabis industry and the CBD market as its first priority. In Canada October will kick off the CBD market in which Golden Leaf has already developed an expertise and great product line. Canada allows Golden Leaf to develop and service markets overseas which is not possible for Cannabis companies in the USA.
All good news for Golden Leaf Holding! Monday should be more good news!
Also don't forget the Bald Peak grow facility. The focus is shifting to the medical market which will require an expertise in producing high quality and consistent product that the medical CBD market will demand. Golden Leaf has this expertise already and is ready to provide this market with great CBD products that will be developed from it's own grow facilities. The demand for CBD products is a market that will be very profitable as opposed to current cannabis markets that have experienced saturation with supply from legal and black-market suppliers. In October Canada opens up the CBD market and Golden Leaf is ready to supply that market. Cleaning up some of the debt issues will provide the time for Golden Leaf to easily capitalize on these opportunities. Golden Leaf does have a great game plan!
I spent yesterday adding another 130,000 shares and lowering my average share price by taking advantage of the current low share price. It will be interesting to see how the failed merger partner does today when earnings are announced.Spending $4 for information I already knew was a total waste of time. The agenda continues!
Still blocking me but that's ok. I know they are working to reduce short term debt.
I use an ad blocker so I couldn't read any of it. Any additional info?
I am going to ask Golden Leaf why for a new CEO they need to go outside the organization when Phillip Millar, President of Canadian Operations, is the right person to lead this company going forward. He totally understands all of the components that will result in the best results! He has the knowledge and is committed to making Golden Leaf Holdings the best Cannabis Company in the field. Being a former military man, he was not afraid of the stigma of being in the pot business. I believe he would make a great CEO.
We have a company that is not just chasing deals that do not amount to real growth. It sounded great when we had plans to buy the California and Nevada grow facilities but it makes perfect sense to really focus on the medical cannabis 1st and then recreational. Having the ability and the equipment to produce CBD products will be a tremendous asset for our medical cannabis products. I also think just focusing on individual states is unprofitable and very restrictive. Canada gives us the foreign markets to distribute and grow our company. Trump will be the President for the next 5 years and Mitch McConnell will be the Senate leader. I do not see them changing their view on legalizing pot which would allow pot to be transported across state lines. Changing banking laws if helpful but doesn't go far enough to allow companies to just have regional grow centers servicing multi-state markets. Too much infrastructure and expense by being restricted to each State. Golden Leaf has got the correct analysis regarding how to best approach the cannabis market opportunities. It was interesting to see that some of the very well capitalized cannabis companies lost a lot of money chasing the wrong opportunities.
WOW!!!! I have been begging for this kind of information from Golden Leaf for some time now. Oct 2019 is a very important date for Golden Leaf to see a major increase in its Medical and CBD market. I like that we have the international advantage that many other cannabis companies in the USA don't have! Our ability to work with companies in Germany and France just to name a few will be an unbelievable advantage. Our biggest advantage is our technical expertise in how we grow our product. The film talks about quality high THC products and products that are reliable in their consistency which is so important in the medical field. Our competitors are not focused on quality and right now there is an oversupply of cannabis that is well below the quality Golden Leaf is producing. Thank you so much for posting this video. I always thought Golden Leaf Holdings would turn out to be a great investment but now I know Golden Leaf Holdings is going to be the best cannabis company in the entire marketplace! 18 months from now this is a $20 share value at a minimum!
What info is available regarding the St. Thomas Production Facility?
I had read similar information about the industry being a long term investment. The fact that this company has quite a few very good profit centers and is on the verge of actually turning a net profit is all I need to know to keep my investment here! Not doing a merger and not going thru with the California grow operation was the best thing that could have happened. California is not a good market since there is so much illegal pot being sold. Golden Leaf is on the right path to being a premier cannabis company.
Also great news about MMG ( Medical Marijuana Group ) in Canada obtaining the final approvals for the Processing and Sales for Medical Purpose. This market starts 4th Qt and will be a significant revenue source for Golden Leaf. 2020 looks like the breakout year for Golden Leaf.
The 2nd Qt will be available Aug 29th. With the # of sources of revenue generating assets 2nd Qt. should continue to show an increase. It will also help if they can secure the services of a competent CEO. Current company Director of Finance is very good about responding to any and all questions.
Cannabis is a new industry and for investors it is a long term investment. This is the type of investment where as an investor doing nothing and just holding firm is the best course of action. Golden Leaf has made all the right moves and if the unfortunate idea of a merger had not occurred shareholders would not have been exiting and would have continued to be very excited about the great path Golden Leaf was taking. Golden Leaf has added quite a few profitable pieces to its business plan and the result will be one great profitable cannabis company! This is a quality organization and unlike other ventures where its a betting game and not about the end game, Golden Leaf will be one of the best investments in the cannabis industry.
Great article! Golden Leaf is fortunate to have obtained its license prior to the new requirements which favors the cash rich cannabis companies!
Thanks very much! With all that is going on it is hard to believe that this share price struggles! They are going to update the website to include more recent pictures of Bald Peak.
Just more good news for us!Thanks for posting.
I'm not good at uploading pics to this site. Perhaps you could ask Kate for the same pictures and upload them here. Kate has been very patient with me even though I was placing the share decline totally on the merger and the lack of communication on the part of the current management team. I am glad we are not facing a Chapter 11 since that would wipe out all the common shareholders!
Yesterday I received some new pictures of Bald Peak and the grow facilities from Kate Koustareva our Director of Financial Reporting and Finance. The grow facilities look terrific and I was told more pictures will be taken soon. I had let Golden Leaf know how disappointed I was with a Slide presentation which was better suited to the 1960's technology and was not enough information for investors to get excited about. I can only feel confident that Golden Leaf is on track as we have been told previously to earn a profit very soon. We have production facilities, great dispensaries, innovative product brands and we are a multi-national organization. If we had let the merger take place in my humble opinion we would all be facing a Chapter 11 Bankruptcy. We have been through a rough patch but we are going to see a very good outcome very soon!
Aug 29, 2019 will be when the 2nd Qt will be released according to Koustareva
Any idea on when 2nd Qt. Results will be made available?
Untrue. Knee jerk selling. Not one bit of negative news to base this post on. Once 2nd Qt Financials are out investors will see their selling was unnecessary. Golden Leaf has plenty of cash and is very close to earning a net profit!
You are so correct! Terra Crud will be finished soon.
Our share price will continue to fluctuate until we reach positive earning levels. I have always viewed this as a company that was going in the right direction and nothing has changed in what they are doing. Everyone thought that once Canada went legal everyone would see a boom for the entire industry. It is still a problem earning a profit in the US because of the Federal Tax issue. Doesn't matter how many states legalize or that Congress is looking to change laws. Hemp is the only legal product and will remain the only legal product through Trump's 2nd term. Focusing on CBD products, medical cannabis and Canadian production will provide Golden Leaf a path to profitability that few other companies have. For some other competitors, 2nd Qt results could spell disaster especially if existing assets are being liquidated just to provide needed cash needed to keep the doors open. Selling existing assets will decrease revenue growth going forward and if losses are still mounting up its only a matter of time before it's game over! Golden Leaf has been experiencing fantastic revenue growth and has plenty of capital to keep heading in the right direction.
Website is functioning. Renmark Financial Communication has not been effective and is not providing the kind of information that would be helpful to investors. I have let my opinion known to Golden Leaf and have asked for video on Bald Peak progress. I think our 2nd Qt Financials will be on target and will be very close to breakeven. Golden Leaf is supposed to earn its first profitable Qt in the 2nd half of 2019. If that is on track then the company will be a very good investment. They will have the first harvest at Bald Peak by 4th Qt. 2019 and will increase the Canadian harvest also. We have the extraction facilities for CBD production so we do not have to purchase product just for resale as some companies are having to do. Tough to get investors excited when information is lacking but when the financial are out we should see better share value. Golden Leaf has consistently been experiencing nice increases each Qt in Revenue Growth.
You have an agenda and it is not positive. Why not just let the #s speak for themselves! GLDFF has a good business plan and has the capital to see it through.
Great Article. CBD market will grow from 1.9 billion to 20 billion by 2024. No better time than right now to get our brand in the market place. You have to go with products that the Federal Government has legalized or you pay a tremendous tax on the gross revenue. The Federal Government will not legalize pot for at least 5 mores years at best. Trump will most likely be good for a second term and Mitch McConnell will not pass any measures that legalize pot.
On December 18, 2018 Golden Leaf issued its statement that they had decided not to pursue a merger with Terra Tech.
Sorry I didn't see this post until now. The calculation for how many shares Gldff would receive of TRTC stock was based on TRTC at 1.80 and GLDFF at .21 per share. GLDFF shareholders fled by the droves once the merger was announced. The merger was cancelled by Golden Leaf not Terra Tech!
There are many ways to compete in markets and Golden Leaf has the assets to compete successfully. Not sure why you are trying to go negative unless its just sour grapes because of a failed merger!
Golden Leaf has spent a great deal of effort in developing its superior brands of CBD products. This has resulted is higher and higher revenue over the past year. They will be able to continue this success in every market they enter. Company is on track to reach its goals. I'm glad it has evaluated what direction is best and is starting to move forward. Good company with a great business plan!
Golden Leaf just stated that they will focus on Hemp CBD products and distribute nationally. Since hemp is legal and we already produce CBD products setting up an effective distribution network will be the next step. Company is also expecting to double the revenue from the Canadian Grow Operation. Golden Leaf has certainly had it's setbacks but even during these times revenues have been increasing and its costs decreasing. Just selling pot is not going to be enough to survive since the Federal Tax is still a major issue and will be for some time to come. Once the company reaches a positive bottom line profit after taxes investors will see its value. They are in a very good position and share values will improve.
Also in the presentation was mention of national distribution of "Hemp" based CBD. There is a big difference between Hemp based CBD and Cannabis Based CBD. The Federal government already legalized Hemp which means the tax on that income will be much lower! For the immediate future this will really help the bottom line! I am glad to see Golden Leaf focusing on markets that will contribute to the bottom line and earn real profits!
The Slide-Deck Presentation Outlined the Top Priorities for Golden Leaf Holdings in 2020. Sales of their Fruit Chews is through the roof. In 2020 Fruit Chews sales will expand to Nevada, California and Canada. Company also expects to double the Canadian Revenue. One of the best goals is their commitment in 2020 to sell Hemp Based CBD products Nationwide. Presentation also outlines how undervalued the current share price is when comparing other Cannabis Companies. With the good news of added flexibility agreed to by the holders of debentures, 2020 will be a tremendous year for the company. Golden Leaf Holdings has a very good business plan and has the cash on hand to see the plan through. Very little of their strategic Planning relies on Federal legalization!
Later today available on Sedar will be a slide-deck presentation that will provide management's view on current strategy and outlook.
Good news regarding the agreement by the holders of Debentures that will allow assets that are not needed to be sold.
Company is still on track to turn a profit by years end. Very little communication which should change over the next two quarters. Bald Peak is in full operation and will be adding to our revenue by the end of the year. This company is continuing to operate all of its Chalice Farm Dispensaries, its Canadian Grow Operation and now Bald Peak. If the meeting with the Debenture Holders goes as planned we will be sharpening our focus and making our assets more productive!Don't worry about the stupid comments made on this site. Just sour grapes because we didn't want to merge with a stinker!
Also our shareholders do not have 9 million Class B shares that are valued at 5.3 common shares as is the case in Terra Tech. No backhanded manipulation of shares in Golden Leaf. Sour grapes are still your problem and it shows since you come on this site and keep whining!