Chalice Brands Ltd CHALF

Healthcare Cannabis

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.

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Chalice Brands Ltd

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Comment by Puffdragon6969on Apr 15, 2019 3:47pm

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Post# 29629552

RE:Cash on hand

How did you get 4q 2018 numbers. Thought it’s still 2 weeks away?

buddingprospect wrote: Looking at their cash positions, if the stated ca. USD$11 million cash on hand at the end of the year 2018 is reliable, it appears they didn't bleed as much cash in Q4 2018 (ca. -1.34) as compared to Q3 2018 (-3.42) and Q2 2018 (-6.48). The trend seems clear.

If they continued to trim here and there in Q1 2019, as the update strongly suggests, then it could be that they are doing a fairly decent job of halting the hemorraging entirely, at least as concerns their cash position.

Or, am I overlooking something?

Cheers,
BP