Chalice Brands Ltd CHALF

RE:RE:RE:RE:Golden Leaf lost 5 million cash burn for Operations.

[Puffdragon6969]

I thought we were discussing this past quarter not the total history.  

SenorLegume wrote: Okay golden leaf is not canopy. Golden leaf has barely even any assets at all, sales go down since IPO not up, and their financial shape is as bad as it has ever been. Shares have grown from 60 million to 442 million in two years to fund all the losses, not fund construction on anything. In fact, quite the opposite. GLH took an impairment charge in the millions for their failure at Aurora campus and the resultant sell off below cost. 

Also, GLH has been late with financials, GLH has had to correct financials after the fact and GLH has replaced 3 CFOS, 2 CEO and several other board members in its brief operating time.

Now Peter Saladino just charged GLH extra for not buying JuJu, its right there in the financials. First they advanced Peter money on that and now they cant get it back and paid a penalty too.

Also GLH got  paid 50 grand royalties for what was an investment of 21 million Canadian in the fall of 2015 into BMF. Peter also charged GLH millions for a  nevada processing license that could have been gained much cheaper if glh had applied themselves. Those only cost in the thousands not millions. Peter and his group sold at an extreme markup under the guise early entry into Nevada was important. Meanwhile, the record shows revenues from Nevada are a paltry 100k with no margins having bought all the materials from others.