Chalice Brands Ltd CHALF

SOMEONE DOES NOT WANT GLH TO MOVE - RESISTENCE IS STRONG

[Quietinvestor]

Someone, or some organization(s) clearly do not want this stock price to move up quickly. Every half penny increase has been a fight, Granted, share count is high, but for those who have watched the current management turn this company around financially with "crawl, walk and run", it warrants a much higher share price than 9 cents.

Still IMHO believe that it will be bought out by a larger LP with deep pockets. To be fair, for GLH to expand into other states, it would need many many millions. To buy a license and dispensary is between 10-20 million, plus you need a cultivation facility. 

Neverthel;ess, great to see the rise. 

GLTA 

[GideonO]

one thing we might be seeing soon is non dilutive financing - with the upcoming passing of the safe banking act, etc you might actually be able to see GLH land non diluative credit with a large institution which would be an absolute game changer.

[RickyBobby412]

GLH doesn't seem to be for sale based on Johns last releases comments. They will be looking to expand their foot print which is great. Also, they are already in Nevada and California and they have good brands so this should be much easier to take advantage of US legalization when it hits. All the pieces are lined up and no they won't need millions like other companies to get their foot in

[WSBfanatic]

I have been reading all their old news releases, what happened with their sweet 16 license in cali? From what Ive read those are extremely sought after.

[RickyBobby412]

just a reminder of the important information below.

[supermario]

You don't have to be for sale for someone to make you an offer. Big players are looking around IMHO, and they don't care if you have a for sale sign outside. They will still approach. IMHO I think they are being looked at. I have no facts to back that up. GLTA

[WSBfanatic]

seems like 0.095 they are putting up sells to prevent a 10 cent share price. There was a lot of buying at 0.095 then suddenly a huge chunk went for sale.

[SpookyBravo]

What would be the reason someone wouldn't want it to go higher? I'm just trying to understand.

[Virgal-]

There are undoubtedly many who are happy to take profits who got in at 2cents. Its is totaly normal to take some profit off the table after a nearly 500% gain. The paranoia in this thread is well suited to the industry. 0.10 is a point of resistence. Look at the chart (November 2019) the price bounced off 0.10, support at the time, now a point of resistence. It's amazing some hear are not

[GideonO]

could be a few reasons. 1.  short sellers -- bascially you "barrow" the shares and must repay them by a certain date -- if the price drops before you have to repay you pocket the difference in the share price. I know short selling was way down but it would be interesting to see if short interest has increased in the last week. 2.  you have an interest in getting more at a

[SpookyBravo]

Great info! Thanks Gideon!

[daveinvestor]

the asks increased this aft, agree most likely people selling to lock in profits. there is still plenty of room for this to grow, 9 cents today aint too shabby anyway you look at it

[WSBfanatic]

man if people would buy this like they did gme and hold without selling this stock would fly highhhhh

[Dollarmover87]

i heard that this what is happening here. i had to pick up 100 k this am , glad i did. HOLDING

[Glh111]

just read all these lies lmao.

[WSBfanatic]

explain to me how its a lie that if people would buy without selling that the stock wouldnt go up. You know thats how stocks go up right? When people buy and hold their shares rather than buy and sell immediately after? You really have no clue how the stock market works hahaha stop embarassing yourself. Hahahahahahahahhahaha

[deet]

You are correct, of course. Lots of shares outstanding though...and too many day traders and nervous nellies make for a bad combination. Monumentaln unexptected news with tens of millions traded in a single day, will leave them coughing in a cloud of dust.

[WSBfanatic]

you need to know the basics of the stock market. You dont even understand that more buying than selling leads to the stock price going up hahahahah

[SpookyBravo]

Is it just me, or are there all these new posts kinda suspicious?

[Dollarmover87]

very susp indeed, lol or ,maybe the huge volume is gaining attention, steady buying pressure from .065

[SHOWMEURKITTYS]

LOBSTER TRAP.  SHORTY GOT THIS

[Dollarmover87]

or a shorty trap!!