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 > Negative Cash for operations -$1.5MM Debt escalating $17.7M

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Comment by Mil_Man54on Oct 10, 2021 4:03pm

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Post# 33993767

RE:RE:Negative Cash for operations -$1.5MM Debt escalating $17.7M

Come on now GreatGobbler....you're not even a real investor......insider info says you're a paid pumper who doesn't own a single share in any stock whose boards you post on......

GreatGabbo wrote:
COULDNT AGREE MORE WITH REBECCAG, THIS COMPANY CANT STOP BURNING CASH. NO END TO THE LOSSES IN SIGHT AND MANAGEMENT KEEP PAYING THEMSELVES FAT BONUSES WITH OUR MONEY.

RebeccaG wrote: Chalice has been burning cash at an alarming rate, hiring executives, buying businesses, paying lucrative salaries to executives and wasting cash that was supposed to be spent on operations & improvements. This is a highly troubling sign in the middle of a capital crunch that is obvious from the posted financials of Q2 where the debt jumped by 45% to a whopping $11.51 million in Q2 and now it jumped by 54% from Q2 to $17.76Million. These debts mature in less than a year and add to that the latest $6.25MM at 10% interest due also in 2022. Don’t you think a debt holders takeover is a possibility? Respond with your brain please