Chalice Brands Ltd (CHALF)

[JimofRidge]

WE WERE USED! The great accomplishments that have been achieved by Golden Leaf Holdings were used yesterday afternoon to create a narrative for a new future for a company that is a failure! The worst result that happened was the losses that some of our shareholders suffered when they sold their shares upon hearing the merger announcement. They 1st had lost money with a previous company and knew to take the loss and run and now not by their own doing again suffered a loss as a result of their total fear of again being involved with the same management team. Golden Leaf Holdings only has $12 million on hand. The announcement yesterday of a $13 million dollar loss and for a 4th Qt to be about the same assures that this merger will not happen. I have stated before legal recreational pot will not happen for at least another 12-24 months! Mitch McConnell will not allow any discussion on the Senate floor at this time.It doesn't matter what the House of Representatives does it has to pass both house of government and signed by our President inorder to become law. All the spending creating pot growth and distribution centers is still too early and will only bleed RED for quite some time. Because it is not legal you are taxed on the revenue without the advantage of normal write offs. There is not enough net income to expand recklessly right now. Golden Leaf Holdings has just the right approach and irons in the fire and will get to be a major pot company. In fact it could be taken over by a Good Company that is not out to use us!