RE:Nothing but Good NewsEasy there rr1111, not exactly.
i. shares trading at $0.18, (which I assume you must be lifting offers at!)
ii. From Oct's Form 7
(https://thecse.com/sites/default/files/GLH-Form7-MonthlyProgressReport-October-2017.pdf)
"The Company currently is not producing oil due to regulatory complication but expects to be restarting production when its processing facility becomes licensed. The Company continues outsourcing distillate oil to fulfill growing demand and is pursuing external sources for CO2 and BHO products as well."
OUCH !
but I like the emphasis, (my highlighting)
"
The Company’s top operational priority is permitting, final provisioning and ultimately go-live of its processing center in Portland, OR. The process is held up by regulatory technicalities which are expected to be resolved. The Company believes the remaining steps will take a
matter of weeks to complete, but cautions that there can always be unforeseen and inexplicable delays when dealing with governmental regulatory agencies. The Company continues to work towards full integration of GLH’s Oregon operations and Chalice’s Oregon operations at the Portland headquarters."
iii. :-( "During the month the Company issued 8,035,167 common shares on conversion of debentures. The Company also issued 35,714,285 shares as consideration for the acquisition of Medical Marijuana Group Corporation."
so not all bliss !! Need to see some revs being generated and a better explanation on the holdup due to "regulatory complication", lets hope this is one deadline that is met.
Cheers
riskreward1111 wrote:
.......coming from the NEW Management. Things were sour for a while there but you have to be foolish not to see the positive influence and changes being made.
GLH at these prices is a bargain....Keep selling those who fear the past...playing into the hands of the investors who will benefit from your indifference. I see a bright future for this company.