Chalice Brands Ltd (CHALF)

[JimofRidge]

Bill # HB 2098 goes into effect Jan 2020. This Oregon bill greatly reduces the number of licensed retailers in the State. This will be an immediate help in improving the bottom line for our dispensaries in Oregon. In reading the reports Golden Leaf increased its Property Assets by 5 Million. This investment will produce lower costs for CBD products and result in increased revenue. This money was not used just to keep the doors open as is the case with some competitors. Golden Leaf Holdings is a Canadian company and has banking relationships in Canada. Banking relationships are not available to US based cannabis companies. It doesn't guarantee it will always obtain additional working capital but based on their current operations it certainly will be in a good position to acquire additional capital if necessary. The revenue product goals outlined in the financial statements are all conservative and are targeting the most sought after markets. Revenue from the sale of cannabis from Canada and Oregon is increasing and is expected to double in 2020. The statements also show a constant movement in lowering our costs while increasing our revenues. Not liking the share price but I am holding my shares since Golden Leaf is honestly striving to increase its revenues lower its costs and be honest wit its shareholders in discussing it's issues with the marketplace.