GREY:CHALF - Post by User
Comment by
RickyBobby412on Feb 08, 2021 1:19pm
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Post# 32502299
RE:SOMEONE DOES NOT WANT GLH TO MOVE - RESISTENCE IS STRONG
RE:SOMEONE DOES NOT WANT GLH TO MOVE - RESISTENCE IS STRONG GLH doesn't seem to be for sale based on Johns last releases comments. They will be looking to expand their foot print which is great. Also, they are already in Nevada and California and they have good brands so this should be much easier to take advantage of US legalization when it hits. All the pieces are lined up and no they won't need millions like other companies to get their foot in the door into other states let alone coming into the US brand new. Most cannabis companies have revenue but bleeding out insanely. GLH aka chalice farms knows how to make money - while the rest are still trying to figure it out.
Quietinvestor wrote: Someone, or some organization(s) clearly do not want this stock price to move up quickly. Every half penny increase has been a fight, Granted, share count is high, but for those who have watched the current management turn this company around financially with "crawl, walk and run", it warrants a much higher share price than 9 cents.
Still IMHO believe that it will be bought out by a larger LP with deep pockets. To be fair, for GLH to expand into other states, it would need many many millions. To buy a license and dispensary is between 10-20 million, plus you need a cultivation facility.
Neverthel;ess, great to see the rise.
GLTA