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.

GREY:CHALF - Post by User

Chalice Brands Ltd

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Comment by Orwellian1984on Oct 01, 2019 10:37am

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Post# 30181772

RE:RE:RE:GAME IS OVER

2. How could Canaccord benefit from the price decline?

Let devide the price history into two parts: before August 2019 and after.

2.a) Before August 2019: The principal amount of "convertible" debunture held by Canaccord was ~13 $ Million. However on August 21, 2 months before the maturity) the conversion to 219 Million shares was approved. So today Canaccord hold at least 25% of the entire shares!

Canaccord knew about financial problems of GLH so by far the main gainer from the agressive share price decline was Canaccord who obtained 25% of shares by at least 70% discount (estimated from Dilution vs price). The actual discount is much higher if taking into account added values by developement and acquisitions. But I skip it.

source: https://webfiles.thecse.com/GLH-Form7-MonthlyProgressReport-Aug-2019.pdf?.uFExrsxrXaBh0Kmdyl9XdRcoXcCaXL2

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