Chalice Brands Ltd CHALF

No longer concerned

[James91]

Upon reading the press releases submitted last night and this morning, my confidence has increased greatly in this company also my investment in this company. Over the last several months I was thinking I made a poor decision with the delay in financials, potential poor moves on the behalf of the company (BMF) and also the regulatory issues they were facing without keeping investors up to date with developments. However, now looking at the financials from 2015 and potential financials from Q1 2016 (which is when all the reg issues were occurring):
         "Total revenues generated for the quarter ended March 31, 2016 were approximately       US$2.477MM, compared to US$1.319MM in the same period in 2015. This is an increase of 88% from the quarter ended March 31, 2015 attributed to GHL’s continued growth trajectory"

Which is was expecting much worse considering the issues they faced during this time. In addition, the amount of money that insiders have committed previous as well as are going to be putting once again at a higher valuation than what the current market is putting on the company $2.5 Mil at 0.67 is very reassuring. I only see the company increasing revenues from this point especially since tomorrow is the start of the early entry program in Oregon for recreation sales for adults in Oregon. Everything is looking up from here on it!!!! GLA