GREY:CHALF - Post by User
Post by
PortlandBlazeron Sep 07, 2017 1:19pm
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Post# 26667373
clearing outlook?
clearing outlook?From the Sep 5 press release:
- CAD$2 million bridge raised, includes CAD$800,000 from directors. Funds to be used in part for 3 new Chalice stores and wholesale inventory in Oregon. Sounds like Oregon is starting to rock.
- CAD$4,526,000, or 95%, of Sep 11 2017 debentures converted. That must leave only CAD$238,000, or rougly 11% of the money just raised in the bridge. So the Sep 2017 maturing debentures are no longer a threat.
- Director Zipfel committed personally to fund US$600,000 completion of greenhouse with zero dilution to GLH
- Business license for Sparks Nevada, enables sales into any jurisdiction that doesn't require a separate business license in Nevada. And GLH is applying for the separate licenses for Reno and Las Vegas. First sale in NV was last week, and has $40,000 in orders for delivery this week.
From 502data we saw continuing strong sales in Washington in August, and we get a royalty on those sales.
Looks like things are starting to rock for GLH, and the share price is picking up. Any news on GLH ops in Canada?
GLTAL