Golden Leaf Holdings Ltd. (GLH-CN)

It is a US operator. They have been in Oregon. They had some past issues in that market. Previous management was not that diligent in spending. You need to see a couple of quarters of them going in the right direction. Then he expects the stock price to move, as it is a show-me story.

Edibles, extracts and oils. Their business has not been generating revenues. There are concerns about government regulation on companies on Oregon. He does not like what he is seeing from management here. He does not see any focus, even though there are some deals being done. They are on a Canadian exchange because they are not allowed to trade in the US except OTC.

Marijuana was in the news today, and is getting closer to legalization. A lot of companies are going to prosper. This company just did a convertible debenture offering and have about 66 million shares outstanding. Thinks they are going to have to dilute further to really get out there. There are a tremendous amount of companies, and will only be a few survivors. This could be a winner, but it is a crapshoot.

The sector got a boost when Trudeau got elected. It will take some time before it is allowed for recreational purposes. There is a lot of enthusiasm for this stock. Other players are more in the medicinal space.