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Chalice Brands Ltd CHALF

Chalice Brands Ltd. is a U.S. operator in the most competitive, innovative and mature cannabis market in North America. Leaders in retail, marketing and craft cultivation supported by fully integrated processing and distribution. The Company has 12 retail stores in Oregon operating as Chalice Farms, Homegrown Oregon and Left Coast Connection and is distributed nationally through Fifth & Root.


GREY:CHALF - Post by User

Bullboard Posts
Comment by gandle62on Aug 27, 2019 1:15pm
62 Views
Post# 30070717

RE:RE:RE:RE:Why would this stock go to 0. The numbers look good

RE:RE:RE:RE:Why would this stock go to 0. The numbers look good
Some encouraging news, but there's the need for on-going cash injections, which always seems to invite manipulation, and the company is still very wobbley: From yesterday's press release: "Net loss for Q2 2019 was US$3.4 million", yet GLH only has around $5 million cash. Best idea: Go do T'ai Chi or play golf; return in a few weeks.

I'm sorry to say it, but this grief is often part of trying to be well-positioned before a company finds balance and the stock soars. When it works, it's a beautiful thing. Meanwhile I'm down here (of course) and fearful of a potential pp/reorganization/reverse split that ultimately sets someone else up to do well with this company after eating my cash, but I'm an optimist and I'm hopeful. This is a pretty wild gamble for new investors, in my opinion, but it isn't boring, despite the temporarily stagnant price. GLTA
Bullboard Posts