GREY:CHALF - Post by User
Comment by
TheRealCanaDudeon Jan 18, 2022 2:49pm
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Post# 34329812
RE:Cannabis companies going bankrupt. Link included
RE:Cannabis companies going bankrupt. Link included Incorrect please read the following:
https://webfiles.thecse.com/GLH-Form7-MonthlyProgressReport-December_FINAL_0.pdf?RqB7rnaAu_Co87.lDh5Nl0tt4kb7LRXT
Management has been active in the integration and optimization of its newly acquired Homegrown Oregon stores with a focus on increasing traffic and average ticket size as well as sell through of all Chalice branded products within the stores.
For the three months ended September 30, 2021, the Company reported record revenues from continuing operations of $8.0 million, a 29% year-over-year increase compared to $6.2 million for the same period in 2020, in part driven by a full quarter of revenues from the Company’s Homegrown Oregon stores.
For the nine months ended September 30, 2021, the Company reported record revenue of $20.4 million, an increase of 25% compared to $16.4 million for the same period in 2020 and almost matching total revenue for fiscal 2020 of $21.9 million.
The Company reported gross profit of $3.6 million or 45% gross margin compared to $2.2 million or 36% gross margin for the same period in 2020. This growth of 63.7% are due to an increased share of our vertical product growth and retail sales of the Company’s Bald Peak flower.
For additional information, please refer to the Interim Condensed Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) for the three and nine months ended September 30, 2021 and 2020 filed on the SEDAR website at www.sedar.com.
TheCanadianDude wrote:
Cannabis companies going insolvent due to debt & no profits
Sounds familiar folks? Read the link and know where your money is going
Cannabis businesses going out of business due to debt, convertible debenture, no cash flkow , borrowing & POOR MANAGEMENT. Read about them below or go to the link below. See if they sound familiar? Read the details
https://insolvencyinsider.ca/industry/cannabis/