Chalice Brands Ltd CHALF

Some points from the (brief) GLH call

[blueboy]

BMF:  They stated that current laws don't allow GLH to own BMF but that once laws are passed to allot it (supposedly to be tabled in early 2017), then they will acquire BMF for a 'nominal fee'.  To me, this means two things - that the earlier agreement this year WAS actually for a takeover of BMF (at least financially, since nominal means that next to nothing addition will have to be paid) and that they do in fact intend to roll both companies into one.  The thing that is still NOT clear yet is what does GLH get right NOW for the $15 million investment ($12 million of which has already been paid in GLH shares), if none of the BMF revenues can show up on the GLH financials?

Additional stock market listings: both TSX-V and Nasdaq listings remain a priority, and they are actually talking to the TSX-V people.  Nasdaq listing discussions have only been internal to this point.

Cash:  They say that they now have enough cash on hand to get them to 'cash flow positive' which means that they won't have to issue another private placement (at least for operational expenses) unless it is for an acquisition or something like that.

They didn't really say much else, other than to read prepared statements or  read from the released financials.

I really with they would have spent more time on the BMF subject, and where the BMF revenue is....

BB