GREY:CHALF - Post by User
Comment by
NevadaRayon Jun 04, 2018 3:19pm
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Post# 28121815
RE:Q1 Thoughts
RE:Q1 ThoughtsGreat post. Well said !
buylowsellhi007 wrote: I’ve been waiting for over 18 months to see a change in the direction of GLH. I like many others was very disappointed by Don and his team’s inability to understand what the market was looking for in terms of an overall story but also results.
I personally think in many cases they were more focussed on selling the cheap .02 to .20 cent paper than with the long term development of the company. Financially tied into GLH not emotionally involved.
I was cautiously optimistic with Simpson taking over roughly a year ago.
Cautious because some of the old guard remained as did the damage done to GLH within the marketplace.
Optimistic because Simpson brought two very important items to the table that no one else had or could offer. He clearly understands the MJ distribution model with the success of the multiple Chalice stores he created. Additionally because he created the stores and is a local guy he is likely emotionally motivated not to see his stores fail.
GLH gave him the access to Capital needed to expand on the success he was having with Chalice and likely overcome some the challenges with getting product on the shelf such as raw materials.
So far Team Simpson has been doing what they said they would do. Revenues have been moving up, stores are being rolled out and raw material supplies which was a big issue during Don’s term are being mitigated through the direct ownership of Green Houses. Even the Federal government which is a significant factor in the growth of MJ investment in the USA is coming around, slowly.
The bashers, short sellers and frustrated competitors will continue with their postings. But what we’ve been seeing is the substance of their post has become repetitive and less impactful.
The old mantra was based on missed targets, lack of execution or misleading statements by Team Don. Legitimate items to be pointed out.
The new mantra has become repetitive and without the same substantive impact.
Your license has been delayed so you are lying to us. No lies just government moving slowly.
You’ve borrowed money so more shares printed. How else do you borrow money in a public company?
This is the best.
There are better places to put your money. Wow thanks for caring.
The first year with Simpson has been nothing but positive. Oregon, Nevada and California States have their acts together regarding the MJ business and GLH is not only early to the table but well prepared and positioned to participate within those markets.
Watch for more store expansions to be announced over the next couple of months and I fully anticipate Q2 to offer more of the same revenue expansion as we are finally experiencing.
Underwater but still holding my breath.