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The info that I received is pointing out that Golden Leaf is focusing on the CBD market which will be taxed differently than the Cannabis market. Its all about the bottom line not selling product that returns little or no profit. This article does show how diverse our product line is and how Golden Leaf services its customers.
Share price of TRTC has gone from $1.80 at time of merger to under .60c. Why not move on and stick to trying to talk up TRTC. It certainly needs the help! If you own 2 shares of Golden Leaf I would be surprised. Comments are only childish rants meant to somehow save face!
Golden Leaf Holdings 1st Qt 2019 Sales Revenues increased 34% over prior year. Company also implemented 3.7 million in annual cost reduction in operating efficiencies while launching new brands. Bald Peak will have 1st Harvest in 4th Qt 2019. Golden Leaf Holdings continues to expand its operations and customer base. Financials show the loss per share went from .02 per share to .01 per share. TRTC reported .05 per share loss. Ditching the merger with Terra Tech was the best thing that happened. Can't wait to see 2nd Qt. results.
Worthless comment. Still crying over a failed merger! We blew it with TRTC? TRTC is the only cannabis company with less revenue year to year in the industry and selling assets just to stay alive. Golden Leaf is expanding its grow facilities (Bald Peak's 1st Harvest 4th Qt. 2019) and it has added additional product lines. Cutting expenses is what good management does. Golden Leaf has the financial capital on hand without the need for additional toxic debt.
At this point our #s will speak for themselves. It wasn't nice to go thru what the Golden Leaf investors experienced over the last 6 months but the company has regained stability and will be better for that experience. Why? Between the merger and the Tahoe acquisition William Simpson had the company on a sure path of no return. That led to a new management team that clearly has the expertise to operate a successful enterprise one that investors can relate to and feel comfortable investing in. No chatter on this site can dispel our consistent increase in revenues and our improvement in the bottom line.
Getting a professional team that knows how to evaluate and execute a real business plan will reward all the shareholders. Our team is acting on behalf of the shareholders and are not afraid to take the necessary actions that are about to pay off big for its shareholders. Glad I stayed sorry others didn't.
I received a reply from Golden Leaf regarding Bald Peak today. I would have been fine with not going ahead with Bald Peak if they had determined that it was not economically feasible and was not the best use of assets to keep alive a project that was a negative drag on the bottom line. The reply I received was outstanding and informed me that not only is Bald Peak going forward; the construction of the greenhouses is underway and they expect the 1st harvest to be 4th Qt 2019. Coupled with a plan to rid the company of a few non performing assets with the prospect of Bald Peak providing the company with a cost savings in growing its own product for its dispensaries and CBD manufacturing will most certainly help make Golden Leaf a profitable cannabis company in 2020.
My guess is there is an over-supply of cannabis available and can be purchased for reasonable cost. Until Federal legalization occurs ( 4-6 years off ) just focus on CBD production and distribution. I really like the fact that we are really focused on how best to evaluate our assets and take the necessary actions now to help Golden Leaf become a profitable enterprise. In the future, new grow operations can always be undertaken. We have the licenses already. The fact that we have a realistic view of what steps we need to take right now is very reassuring. This approach is a game changer.
Looks like more trimming of unnecessary expenses. It will be interesting to see if Bald Peak is still going to remain as a future grow facility. Not hearing any info regarding Bald Peak and would like to know if it is still going to go forward. I did like the info regarding the focus on CBD products going forward. Better to position the company in a market that can help reach a positive cash flow than to keep hoping for events to unfold that are still a ways off. Beverage infusion and CBD products will help share values climb. Realistic planning will keep Golden Leaf in the game.
This company is still headed in the right direction. Losses are steadily declining and sales continue to increase. If they do focus on the CBD market this will really start to climb. Federal tax issue is still having an impact on the bottom line. I would like info on Bald Peak as to its progress and direction. It won't take much for this company now to turn a real bottom line profit.
Hope it works out.
The only statue in California for home delivery is for wine. 2 cases No beer or hard liquor. No cannabis statue. Must create one since is doesn't exist
No spin is necessary. So far its gonna happen but hasn't yet. Its a State Requirement that a Statute has to allow home delivery.
At least we are increasing our revenues and offering new products.
I just sensed that you were in need of some help! I keep an eye on cannabis companies to see what's going on. Hate to see shareholders misled by some unsubstantiated views.
Day to Day planning? Ok to listen to yourself it's your money. TRTC has been on a downward path with declining revenue and now sells two dispensaries with the intent to start a home delivery service. Current licensed dispensaries will challenge this and could tie it up for quite some time. I hope for your sake it falls within your 12-18 month horizon. Good luck!
Based on the past history of this company how confident are you about the thought process that has gone into the planning process of allocating corporate assets?
Without a new statute I am not sure home delivery will happen anytime soon. If I just paid a large licensing fee to the State for my dispensary I would certainly be up in arms and against home delivery. Should have taken care of a new Statute first before giving up on dispensaries.
By statute California permits by law up to two cases of wine. No other alcohol is permitted to be shipped. There is no statute that permits shipping of cannabis.
How do you check to see if the buyer is of age to purchase? It can't be delivered by mail, UPS or Fed EX. How many delivery driver's will the company have to hire? Do they need a fleet of vehicles, gas, insurance, maintenance?
William Simpson was not able to see how badly run and positioned that company was. It did finally come out so of course the merger was ended. That company continues to see declining revenue so in an unbelievable move decides it must be their dispensaries that are causing them to loose money Only thing to do is to sell the one thing that can actually bring in cash. So now they are going to sell via home delivery! Next thing you will hear is this will be the next Amazon! I think the public just didn't like the pot they were selling! Just trying to stay alive to keep the compensation income flowing.
Reading where the company that tried to merge with Golden Leaf has now sold off dispensaries just to stay in business! Golden Leaf continues to create great product, operate great dispensaries and grow its revenues by 43%. Hard to believe We almost got sucked in to a Black Hole!
Nice video but Federal legalization of Cannabis is a long way off. Its all about producing a healthy bottom line right now. It can be done by focusing on where our gross revenue gets the best federal tax treatment. Bald Peak should help the company produce lower cost product to the Oregon dispensaries and provide CBD product. Expanding the Canadian grow facility should also be a priority. Product from Canada can be shipped to other countries which is not the case if produced in the USA. Golden Leaf is very close to earning a net profit and will be positioned soon to reward shareholders with a nice increase in share price!
I had the same issue with the former CEO. No update on Bald Peak progress or CBD product direction. Company is running on auto-pilot. Medical Cannabis and CBD product development should be their #1 product line development priority. The Canadian grow facility should also get top priority. You have to focus our assets to produce revenue that gets the best tax treatment.
The recent cost cutting will also have an impact on the bottom line which will be felt 2nd Qt 2019 not necessarily 1st Qt. 2019. It will still take a little time for the company to reach a level where the average investor wants in. You are right to see the current value as a steal. I am just grateful that we have the right team in place as well as a new business plan that will create great results!
The #s themselves are good but its the direction that GLDFF will go is what I am interested in. If Bald Peak is going to be completed soon and if GLDFF intends to focus on a CBD market, 3rd. Qt 2019 will be the turning point. Prior forecasts have stated 3rd. Qt 2019 was key to GLDFF becoming a profitable business and I believe we are on that track. I have stated my view that the Senate will not pass any legalization anytime soon that will make Cannabis legal in the USA. Most likely 4-6 years off at best! The CBD market is key as is our Canadian grow facility. Employing a new communication firm also shows that this new CEO has every intention of having a lot of good news that will need to be conveyed to the public on a regular basis. Bald Peak will supply our Oregon Chalice Farms dispensaries and provide the product to produce CBD products. Our new CEO's backround in distribution will also make our CBD business the most profitable piece of our product line.We are not sitting on licenses hoping for a miracle to happen but rather we are going to be in a position very soon of being a great company with a lot of good options.
Majority of voters vote with their pocketbooks. The economy is doing good unemployment is low for all sectors. Dems are proceeding with more investigations and the country is tired of it. The Dems have not proposed one new idea since taking over the House.
Without up to date info on where the company is headed investors are on hold. Once the new CEO provides that info we will see.
This is the way to proceed. The new CEO has an expertise in distribution which is an absolute must for the CBD market place.
Not a chance pot will be legal by end of this year! Mabey after Trump's second term but not before. Not enough votes in the Senate and Trump is not for legalizing pot.
It is unfortunate that as investors we had to go thru this, but the proposed deal with Terra Tech was necessary for Gldff to transition from William Simpson CEO to a new management team that has the wherewith all and expertise to take GLDFF in the right direction. This is still a 24 month horizon before we see the real outcome! In the USA Federal Legalization of Pot is a long way off! The best plan is to focus on is what is legal and what gets the best chance to result in a profitable bottom line!
Not been back for awhile. Just waiting for April 30 GLDFF disclosures. Looks like we are ready to reach new and higher levels of shareholder valuation. I will be interested in knowing just which markets the new management team wants to capitalize on. If this does go to .43 as the video had alluded to we will all be rewarded for owning shares in GLDFF.
Until they disclose 4th Qt and 1st Qt. nothing much is going to change. I do not check in that often but still own every share I ever purchased. I am alright with the new team and just need to see the direction the new team want to take. What I am sure of is the new team is going to set its goal on making a return on investment and not count on any pipe dream of the Fed legalizing pot any time soon. I wouldn't be surprised if they changed gears completely and took the company in an entirely new direction. We should be getting the next conference call soon.
You did your best to try and sell a POS to the GLDFF shareholders and failed miserably!
It will be interesting when we get our first presentation from our new CEO as to the direction he intends to take the company. It is obvious Federal legalization is still going to take at least a year or two if not more so companies that are banking on legalization will die on the vine! Even if states legalize it doesn't change the tax issue! I hope more assets are allocated to the Canadian grow facility and to the medical end of our business. Net profit is the goal not accumulating licenses that have no asset support (working capital) to produce profits.
Still Sour Grapes from a failed merger attempt. New CEO could smell a stinker a mile away!
Sour Grapes because Golden Leaf made the right decision not to merge!!!
Website has been totally upgraded. Defines Golden Leaf's Brands in a very professional presentation. Good 1st step for the new management team.
Corey Booker introduced today new legislation to Federally legalize Cannabis. Would be a great if somehow it gets done!
For the 1st time we have true professionals at the helm of GLDFF. Both took this opportunity because they know they can get this company producing profits. Most of the other Cannabis companies are miscalculating what the Feds are going do about legalizing cannabis. Its a ways off at best. Better to focus on Medical and CBD products. Great time to accumulate shares. I spoke directly with our new CFO and I am confident that our new management team will focus on profits and growing the company correctly and not on pure speculation.