Chalice Brands Ltd CHALF

RE:RE:RE:RE:RE:RE:RE:U.S. Listing

[jutah70]

Suggestion for anyone on this board is to simply email IR @ GLH.  I did this a while ago regarding the listing question.  Answer really did not give me anything I didn't already expect.

However, they should actually focus their attention to upgrading to the TSX.  Especially to raise their profile.  Certainly there will be comparisons to CGC and others.  Not a bad thing as people may start to do the math and see that if the same multiples were to be applied to GLH the stock is grossly undervalued.  Will give the stock some more credibility, and open up some investment pockets (some managers are not allowed to buy from that exchange).

An exchange that they are looking to list on in the US will bring a small amount of volume at best.  So many investors don't pay attention to those exchanges; some stay away because of the nature of companies on exchanges like that; and some MM have investment mandates that don't allow investment in companies on those exchanges.  The only thing it is good for is US investors who want in now and don't want to deal with the foreign tax issue.

GLH IR said in their reply to me that they were striving to get listed on the TSX.  Maybe we should be asking them if they are in the process of that while the US remains problematic (as previously mentioned about the NASDAQ issue).