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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. see more

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Chalice Brands Ltd > Update on lawsuit By Orwellian 😊

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Post by Gladiator3 on Aug 28, 2020 5:59am

Update on lawsuit By Orwellian 😊

Orwellian, no disrespect intended nor taken any credit for this post. just passing on the news to those that don't know this yet.

Just a reminder from last week. The IRS penalty of $4.6 M is now resolved. This was a significant risk which was priced in and the spot price should be adjusted accordingly.

"Company has received a letter from the IRS which indicates that all but $260 of this penalty has

been removed and this issue is considered resolved favorably."

https://i.imgur.com/vlMqztw.gif

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Comment by PortlandBlazer on Aug 28, 2020 9:32am

This nugget of info is confirmation investors need to read the full financial statements, every page, every note, every word. The shares are being accumulated by strong, steady, literate hands.

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Comment by Gladiator3 on Aug 28, 2020 11:37am

I agree! What I don't understand is why doesn't management keep us informed and updated on this matter. Why do we need to go searching for it! Why keep this good news quiet? Is it not worth mentioning? I'm all in a n this play .03 cost average. Best of luck to all !

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