Chalice Brands Ltd (CHALF)

[JimofRidge]

Earlier today I left a message for Chris Eastwood CFO of GLDFF to call me for some updates on Tahoe Acquisition and prospects for 2019. I just completed a 20 minute phone conversation with Chris and and I received a very in-depth understanding of current corporate activities and some info on the Tahoe acquisition. The acquisition is only waiting on Nevada regulators which Chris said is in progress but when it gets approved is still out of his control and is a 3-4 month process.The sellers are contractually obligated to sell so once the regulators have finished their work GLDFF will have a California and Nevada operation which will put it in a class by itself. I had mentioned earlier that GLDFF had stated that they would look to be profitable by 1st Qt 2019 but I was not correct. The company is looking at the 2nd half of 2019 to be operating in the black.We also spoke about the need for our US pot laws to be changed to open the way for greater financial support from the banking industry. Thus far banks have not participated in financing but GLDFF has been able to attract other sources of capital. I was very impressed with Chris's candor and truthfulness in respect to the company's goals and future plans.I was also impressed with the fact that he took the time to call me to discuss the issues that I had asked about!