Chalice Brands Ltd CHALF

7 cents is crazy cheap.

[kijiji]

This is so cheap its ridiculous.  Look at the catalysts coming and look at other pot stocks that have moved up huge.  Its one of the last bargains.

[RiskyBiz928]

I would tend to agree kijiji - a renewed interest in this sector given the US situation. Volume is super. People are gonna see this uptick and want to jump on board. Big chunks being gobbled up sub 10¢ (while you can) accompanied by a little FOMO will shoot this up really quick.  Really looking forward to seeing their quarterly numbers... go go go GLH!

[WSBfanatic]

Is it true that americans cant even buy u.s weed stocks as its still federally illegal there? I heard this before. If thats true and then they legalize federally and a wave of u.s investors floods in they could pump the market so drastically. Also doesnt it seem like such a shame now that this company diluted and gave tons of shares away for so cheap when the stocks finally up? Oh well keep the

[campst]

No. They can trade in the Over-the-Counter Market, OTCQX. Golden leaf trades under the symbol GLDFF. See quote here: https://www.otcmarkets.com/stock/GLDFF/overview

[WSBfanatic]

ah cool thanks for the info.

[RiskyBiz928]

Regardless if they can trade in OTC, legalization and safe banking will definitely bring in a flood of US investors - lots of 'em! I hate to make predicitons but after/if they put out more positive numbers (they've been growing steadily) and congress pushes legal weed through in the near term, then we might even hit a buck real quick. Akin to "opening the flood gates". Scramble

[WSBfanatic]

really? 1$ means well over a billion dollar valuation. They only pulled in under 40 mil in revenue last year, 1 bil + seems like a stretch. Ill take a 300 mil evaluation thats realistic in near term, then hopefully they get bought out for that billion evaluation

[RiskyBiz928]

Oh, I see your point WSB - that's a lofty valuation. See, I'm along time bag holder from the beginning and at one point it was over $1, however the share count was much lower.  Thanks for the reality check. :-)

[WSBfanatic]

someone at national bank just unloaded a huge ampunt of shares at 0.065, I dont get why, all the momentum in the world. Also there are 2 sell orders at 7 for 1 million shares each, other than that if it wasnt for national dumping and those 2 1 million share sales at 7 this stock could have closed at 8 today

[GideonO]

yeah someone using that brokerage has been doing that all day today.

[justtruth]

So the best thing we can do is buy buy buy, lets all work together. Keep buying squeeze out the shorts, and then when you buy, put a sell order in for triple the amount. 

[WSBfanatic]

There is not a big short position on this stock at all, last I checked 200,000 short shares. Also putting your shares for sale at a higher price does not prevent shorters from shorting your shares that is a myth, but I do agree with the keep buying part.

[420Chronic420]

The same way it went down is the same way it goes back up except we have more shares out there this time around.  The Volume is way up and intreast is growing.  With a population 10times that of Canada there should be a lot of revenue for all.  

[justtruth]

It's actually not a myth, don't know where you got that. The bank/institution that hold your shares CAN NOT lend out your shares if you have an active sell order on them. This is a fact, if a mass group work in tandem as the reddit group did, this is how you create a short squeeze, less shares out that can be loaned out along with the higher volume buying will squeeze the shorts out. This

[420Chronic420]

If there Finnacials are still on the correct path we will continue to go up and up! 

[WSBfanatic]

I believed that too, but I have a friend who works very high up in questrade and asked him that exact thing. He said it is a commonly believed thing, but its a complete myth. https://www.quora.com/Is-it-true-that-putting-a-high-limit-sell-order-will-prevent-shorts-from-borrowing-your-shares This link also talks about it aswell.

[WSBfanatic]

also there are over a billion outstanding shares and only 200,000+ shares shorted, so if you believe that putting yours on a sell will prevent shorters they have over 1 billion shares to play

[WSBfanatic]

also if anyone follows supreme cannabis on facebook theres a good write up there explaining why the stock may be at the price that it is. It mentions convertible arbitrage and makes sense with golden leaf if you question why the ridiculously low shareprice here. I wish I knew how to post a screenshot of that post so everyone here could read it.

[DeeperValue]

Very little dilution compared to many peers..  they raised approximately a few million $ at 3 cents, and like $8m at 6 cents (cad) with the most recent debenture conversion, very little liabilities on the balance sheet I would think after that... but most shares have been issued for quite a bit higher than that I believe.. look at the market cap.. quite low in my opinion it should be $1B