RE:Chalice is drowning in DEBT, Cash Strapped & $$ life support
I don't think CHAL is in a liquidity crisis by any means + most website's dont reflect most accurate financials. Stock price definately has been brutal, decide who you want to blame for that...but taking a snapshot of the company in 2019 vs. today... it's much better.
They increased store count (future CF) for owned and managed Homegrown and Cannabliss.(Revenues benefit not reflected in financials yet? and debt timeline only starts once deal closes?).
Capital raises funded acquisitions, not for sustaining ops like they did in previous years with old management.
All these metrics have significantly improved since 2019: Revenue, gross margins, expenses have decreased.
FY 2019 = loss was $38.7m
FY 2020 = loss was $10.1m
FY 2021 Q3 = loss of $2.6m at Q3 reporting
Obviously not thrilled about being at a loss, just pointing out improvements.
Confident the debt won't be an issue this year for them, but would be nice for management to address these concenrns directly with shareholder base. Especially since we've stuck through years of pain (self infliceted for not selling)