Chalice Brands Ltd CHALF

RE:RE:RE:Great Investor Deck on GLH website

[Puffdragon6969]

But yet you invested in them and now spend your days here crying about it. 

TwisterdPine wrote: Maybe if they didnt overpay a management team that has absolutely ruined the company, and give bonuses to people who work there for 3 months theyd have more money. This company is a complete joke and has been set up to fail since it started.

TwisterdPine wrote: 2. Going concern Golden Leaf has been incurring operating losses and cash flow deficits since its inception, as it attempts to create an infrastructure to capitalize on the opportunity for value creation that is emerging from the gradual relaxing of prohibitions on the cannabis industry in the United States and the legalization of cannabis in Canada. As at March 31, 2019, the Company had an accumulated deficit of $103,674,802 (December 31, 2018: $100,686,006). The Companys revenues have not yet risen to levels materially capable of covering the costs related to the infrastructure investment (both capital and operating). As such, the Company has been depleting its capital as it simultaneously navigates regulatory evolution and uncertainty, awaits the imminent changes in other United States jurisdictions that will fuel market expansion, and continues to make necessary investments. As of March 31, 2019, the Companys cash balances were $8,288,168. Although the Company has been successful in raising funds to date, there can be no assurance that adequate or sufficient funding will be available in the future or available under acceptable terms. As well, there can be no assurance that the Company will be able to generate sufficient cash flows from operations. These circumstances indicate the existence of material uncertainty that casts substantial doubt as to the Companys ability to meet its business plans and its obligations as they become due, and accordingly, the appropriateness of the use of the accounting principles applicable to a going concern. The accompanying unaudited interim condensed consolidated financial statements for the three months ended March 31, 2019 (interim financial statements) have been prepared on a going concern basis that assumes the Company will be able to continue to realize its assets and discharge its liabilities in the normal course of business in the foreseeable future and does not reflect the adjustments to assets and liabilities that would be necessary if it were unable to obtain adequate financing. Such adjustments could be material. If the Company is unable to raise funds and execute its business plans, it may not be able to continue as a going concern

clinch76 wrote: A lot of interesting future direction in the new investor deck on the golden leaf holdings website. New CBD products look slick, Q1 looks good, corporate comparisons look undervalue (penalty box for previous mistakes), Washington assets listed with hope of 2020, Expansion.... and lots I’m sure I missed. Worth  the read.... next 6 months will be make or break with current assets/current liabilities and share price this low. That said downside vs upside makes this a very interesting marijuana play. Wish this was my average share price, oh well so is hindsight.