Chalice Brands Ltd CHALF

Pot Industry Consolidation

[campst]

@GideonO -following the discussion on other thread re GLH as a takeover target: This just in from New Cannabis Ventures, reporting on AYR and its preparation for Industry consolidation. Add I'm sure you are aware, CURA recently added to its war chest for similar purposes and TRUL is eyeing possibilities as well. I've had a quick look at several possibilities and at first glance, GLH would tuck nicely into CURA...... .... but what do I know? cheers. Ayr Strategies Raises Capital in Anticipation of Major American Cannabis Industry Consolidation: https://www.newcannabisventures.com/ayr-strategies-raises-capital-in-anticipation-of-major-american-cannabis-industry-consolidation/

[GideonO]

ideally anyone looking at them as a potential buyout target is going to be looking at their footprint which is why I'm hoping they will be expanding into the recently legalized states where ever possible to expand that footprint. Edibles are starting to boom in Canada and GLH has a nice position to get into that action on the US side. again hopefully prior to any aquisiton we get a nice run

[campst]

I'm hoping for a buyout. I bought a lot at .02 on the takeover premise (unlikely to reach my average of over $.20, but live and learn). My big bets are on CURA and TRUL, both of which have paid off handsomely so far (lost 40% on MMEN).....Hopefully, we'd are not BOTH wrong....... ..... but what do I know? cheers

[campst]

p.s. nice to have some civil discussion. cheers

[campst]

correction: my average is just under $.11. lol. I should pay more attention.....

[Oasisjunior]

I'm in at 0.0815 so half way to break even..... Namaste just about sunk me and I doubt if I'll ever break even on it...

[GideonO]

honestly even at 0.20 that only puts them at a 207 M marketcap.  next quarter finanacials should put the company around 22 million for the year and if trends continue they may double that next year which would put them at a 4x revenue if they were trading at 20 cents which is completely reasonable. thats of course making alot of assumptions about future operations but seems reasonable to be