GREY:CHALF - Post by User
Post by
RebeccaGon Oct 28, 2021 2:24pm
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Post# 34060042
Why create more debt by acquiring unsuccessful business
Why create more debt by acquiring unsuccessful businessI do not want to anger anyone but these are issues that investors need to ask about. I know the manipulators & insiders have an issue with that but I'd rather be on the investor side to ask these questions instead of issuing routine "next Quarter" promises. I respect your honest opinion
Why create more debt by acquiring unsuccessful business and when management cannot run their own business as it is evident by the profit margins (-37%), Operational cash flow (-1.5MM) , Debt to asset ratio of 71.3 (which means for every dollar Chalice brands has, it has a debt of $73)!
Simply, when Chalice fails (failed) to make any profits in its current businesses for many years (the latest profit margin for Q2’s is MINUS 37%). How do you think they can fix or make any money from buying another struggling business that was a burden on the original owner, Ask Acreage , here is what Chalice bought into when it needs money for operations
A quote from the Acreage news release:
“With the sale of the *Cannabliss* retail operations, Acreage has exited Oregon which was negatively affecting the company’s bottom line and utilizing management resources. Acreage will focus its resources on its core markets which will drive outsized returns for shareholders”.