GREY:CHALF - Post by User
Post by
SenorLegumeon Dec 03, 2017 5:38pm
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Post# 27081483
Surpluses force commodization in Oregon. Price Pressure down
Surpluses force commodization in Oregon. Price Pressure down
Competition is fierce. Chalice only had revenues of 1.4 million for the quarter. Imagine how bad I feel for shareholders who paid a WHOPPING: (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. GOOD TIMES? 
Chalice got paid like a king to eat a toad. Competition, no margins here. More shares coming to pay the rest of the Chalice Deal plus 5 million dollars worth of shares to pay MMGC plus shares to pay cash burn, pay for losses. No cash flow, no growth in 2 plus years, diltution alarming. 