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 30, 2019 3:38pm

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Post# 30288321

RE:RE:RE:RE:signs of reversal

No, you are right as my memory helps. But also I can add 3 pieces of information:

According to a call with renmark last week:

1. "their cash balance was $6M balance." I am not sure if it was an updated number. But if true you can estimate that their revenue and expenses are now almost even which is a very positive news.

2a. "The California expansion will be announced in 1-2 months and it is progressing as was planed" (probabely before the new year).

2b. Canadian expansion is for 2020 which means probabely no news this year.

3. "The 3Q financials will be out on December 31st." [I do expect similar reversal as last year around the new year if not earlier.

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