Chalice Brands Ltd (CHALF)

[JimofRidge]

Why Investors Are Not Buying the Merger is a result of two companies who are not ready yet to make a merger profitable. William Simpson CEO needs to get The Tahoe Acquisition Approved before he has a real hand to play. Without Tahoe wrapped up he is not in a good bargaining position and has left our shareholders with a .1203 factor in determining our # of TRTC shares for each share of GLDFF. With Tahoe we have more assets and revenue to get a much better deal. For TRTC, they are currently in a financially weak position. The only company with declining revenues in the pot sector. Last year 3rd Qt was 10.12 mil v 7.08mil in 2018. Both companies are currently operating at a loss. $5.5 3rd Qt 2018 for GLDFF and $7.88 3rd Qt for TRTC. Combined loss is $13.38 for 3rd Qt 2018. If you were an investor would you think this is a good investment? What needs to happen is to call off the merger and get the following in good order. GLDFF needs to get Tahoe Merger Done. TRTC needs to get all their assets producing like they keep promising. Its not good enough for investors to say Trust Us we are going to be a great company! Investors are obviously not buying that pitch! Investors right now have better investment choices than either of these two companies. For GLDFF shareholders only the share price has declined and if you hang in there you will get a rise in value when Tahoe is a done deal. GLDFF has the cash in hand to finish up what should have been done first before trying to get a deal done before we had a solid hand to play!