Chalice Brands Ltd (CHALF)

[Marillionaire]

GLDFF Earnings for last quarter of 2018 should be a much needed positive for investor sentiment , For the quarter ended September 30, 2018, net revenue was US$5.1 million as compared to US$3.1 million for the same three-month period in 2017. The 63% year-over-year increase largely reflects the sale of flower from its Canadian operations, seasonal improvements in Oregon retail, and the addition of two new Chalice Farms stores in Oregon, when compared to the same period in 2017.

Bottom Line

Currently trading with a market cap of US$61 million, GLDFF is trading at just 4x sales and 1.1x book. Considering all the M&A space happening in the cannabis space, its safe to say GLDFF is not only an undervalued player, but also a prime acquisition target.
The board made the right decision to abandon the Terra Tech merger as it was not in shareholder’s best interest. Better days are head for Golden Leaf and its shareholders, that’s for sure.