Chalice Brands Ltd CHALF

RE:RE:Sales of US $17.53M

[DipsetKING]

Its being worked on as we speak. The out of state ownership law probably will work out in our favour very soon. https://www.google.com/amp/s/www.ganjapreneur.com/out-of-state-investments-bill-challenged-in-washington/amp/

buddingprospect wrote: Hey DeeperValue,

"This is not to mention the $7M additional revenue from BMF washington which the company has the right to buy for a nominal $10k when the WA residency laws change."

The BMF partnership was announced in early 2016. Since then, shareholders have been waiting in vain for new regulations as regards out-of-state ownership to be enacted. Personally, I feel like this is an absurd, Beckett-like scenario, i.e. Waiting for Godot ...

I also question management's strategy to consistently cite this arrangement as some sort of potential revenue windfall, as there are so many moving parts that need to come together. Given the state of political play in the US at the moment, i.e. Washington DC's dysfunction as well as Washington State Legislature's stasis, I find it diffciult to be sanguine about the possibilities. 

What will happen in 2022 when the date on the option to purchase expires? 

BP