Chalice Brands Ltd CHALF

RE:RE:NICE. RESIDENCE REQUIREMENT REJECTED!!!!!

[slimjim11]

Rejecting the residency requirement for ownership or partial ownership makes sense, particularly in light of the presence in the market of public traded participants. As this market matures, and pesticide testing and interstate banking rules get updated, this will be a large commercial marketplace serving medical and recreational users, and as legitimate as any other business. At that point, the large producers will command market share economies of scale, and will be ripe takeover candidates for conservative acquiring investing companies. GLH could even become a target for a life insurance company to own, just like any other legitimate investment. The play today is to buy and hold production capacity, in the hands of professional experienced managers. On this basis, GLH is well positioned. On the bear case posited on this board, their strongest argument for not liking the shares is that the share price has been declining. That argument is as specious as saying, "I won't buy a can of tuna at the grocery store when it's on sale for one tenth of its real value." Today, I think GLH is undervalued in the market and is an attractive opportunity for investors.