GREY:CHALF - Post by User
Comment by
daveinvestoron Nov 06, 2019 9:24am
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Post# 30314898
RE:RE:So this is good news indeed!
RE:RE:So this is good news indeed! Morning Idiot.
I thought I might make money here, but I gambled and lost. I would quote some of your posts but that's right, you delete your posts and change ids every month so no one can keep up with your lies. What I am happy about is that I have gotten under your skin, so much so that you comb through my previous posts looking for anything. Feel free to do so imbecile as I am not hiding anything. Can you say the same?
SlyFox67 wrote: Lol...look "dave" has been in glh for years and this is the only board he ever posts on.
daveinvestor wrote:
Let's Break this down a bit further.
"Franchising Chalice Farms represents an attractive vehicle to execute on our growth strategy of replicating the Chalice Farms operating model in new territories, which we plan to begin in Canada where and when permitted, and which we envision extending to additional permitted U.S. markets, beyond our current Portland, Oregon footprint."
So this is a joint venture for a Franchise Company with BlackShire based on the Chalice Farms model. I see penetration into future markets in the not so distant future, but lets see how the first franchise location outside of Oregon fairs, and that literally could be a 6 months to a year away. Sound business decision. Securing access to new markets is never a bad idea.
"Among the terms being contemplated, BlackShire would provide C$10 million of initial funding for the potential Canadian operations of the Management Company and C$15 million of initial funding for the potential U.S. operations. BlackShire would own 80 percent of the equity interests of the Management Company and Golden Leaf would own 20 percent. Additional funding above these levels would be subject to contribution by Golden Leaf and BlackShire in proportion to their equity ownership."
So a 20% stake in a franchise company isn't bad thing especially if they didn't need to do an additional PP to do so. I assume GLH didn't have the 25 million on hand to fund the venture. No biggie. Yes the idiot will argue that it doesn't make sense, but it does as it ensures new markets for their brands etc. They will surely be able to introduce the world to more things GLH as they progress through this strategic move. Best possible move with cash on hand!
A great first step in positive news releases, look forward to more in the coming weeks and months!