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Chalice Brands Ltd CHALF

Chalice Brands Ltd. is a U.S. operator in the most competitive, innovative and mature cannabis market in North America. Leaders in retail, marketing and craft cultivation supported by fully integrated processing and distribution. The Company has 12 retail stores in Oregon operating as Chalice Farms, Homegrown Oregon and Left Coast Connection and is distributed nationally through Fifth & Root.


GREY:CHALF - Post by User

Bullboard Posts
Comment by slimjim11on Mar 20, 2016 10:02pm
66 Views
Post# 24681994

RE:RE:RE:Ms Brown is a busy lady

RE:RE:RE:Ms Brown is a busy ladyHere's the source I referred to: https://www.midasletter.com/2015/10/golden-leaf-holdings-inc-ceo-don-robinson-talks-cannabis-resin-and-recreational-marijuana-in-oregon/ And here's the part that predicted 2015 revenue, from which I backed out the 9mo revenue to get a guess at Q4. James West: Right. Okay, so are you guys sort of looking at the landscape and anticipating positioning yourselves for more states becoming recreational? Or have all the states that are going to go recreational, already become recreational? Don Robinson: No, no, no. so theres four states recreationally and medicinally legal right now. There are 23 states in some form of deregulation, and there are 9 states that have it on the ballot in 2016. So its coming at us like a freight train. It just keeps stopping I mean, keeps, every day. So around us, itll be on the ballot in California; Colorado is legal, Arizona is talking about it, and Nevada is in the beginnings of legalizing. Michigan. James West: Michigan, too. Okay. So you guys are looking at a run rate of $12 million a year, 45 percent margin, call it 5.4 million EBITDA roughly, for other expenses, and so, is that Don Robinson: We close out the year higher than that. Our sales at this point are expected to close the year at close to 16 million. James West: 16 million, wow, thats impressive. Don Robinson: Were going to have a very strong fourth quarter, as we add capacity, and as we sell. You know, we have a harvest of 400 plants that weve grown ourselves. James West: Right. So your cost of those plants is probably almost negligible. Don Robinson: Yeah.
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