Chalice Brands Ltd CHALF

RE:Math time

[SenorLegume]

Bump

Chalice still owed an EXTRA BONUS 1.25 x 2017 revenues come 2018.
One look ahead by todays share price has that looking like this potentially.

Estimated 10 million revenue x 1.25 = 12.5 million x 0.17 cents/share = 73,529,411 shares.
Shares might be a way to pay off Chalice but its at their discretion.
One would think they wrote that language in because of GLH being such a train wreck.

Pursuant to the Acquisition, GLH has acquired all of the issued and outstanding membership interests of CFA Retail, LLC and all of the assets of CFA Productions, LLC, each a wholly-owned subsidiary of Chalice Farms. In connection with the Acquisition, the vendors will receive consideration from GLH comprised of, (i) US$19.25 million in cash and (ii) 83,418,687 common shares of the Company ("Common Shares"). In addition, Chalice Farms will also receive an amount equal to 1.25 times the revenues of the businesses being acquired for the year-ended December 31, 2017 payable in cash or Common Shares, subject to an obligation to pay in cash in certain circumstances.

Similarily, there is backend loaded costs for the Canadian acquistion. By the time it comes due its hard to say how many millions or billions of shares GLH will have out. Lots of backend payments from a company trying to close a PP deal to keep the doors open.

Pursuant to the Transaction, and subject to adjustment in certain circumstances, shareholders of MMGC will receive an aggregate of C$10 million of common shares of GLH on the closing date of the Transaction and contingent consideration of C$5 million of common shares of GLH in the event that certain gross sales targets of GLH branded products in the Canadian medical cannabis market are met within 18 months of marketing efforts commencing in Canada.

In connection with the Transaction, GLH will enter into a licensing agreement with MMGC in an effort to leverage MMGC's relationship in the Canadian medical cannabis market and expand GLH's branded products into Canada. The intention is to introduce the Golden brand to Canadian patients in Q2-Q3 2017. (LOL)

Pursuant to the Transaction, GLH has also agreed to fund the construction and build out of MMGC's cultivation facility, all of MMGC's marketing efforts of GLH's branded products in Canada and the working capital needs of MMGC pending closing of the Transaction.