GREY:CHALF - Post by User
Post by
Here4thekekson Jan 19, 2022 2:09pm
42 Views
Post# 34333875
Chalice is failing & debt ridden, why buy losin companies?
Chalice is failing & debt ridden, why buy losin companies?When Chalice fails (failed) to make any profits in its current businesses for many years (the latest profit margin for Q3’s is MINUS 22%). 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 the seller here is what Chalice bought into when it has no 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”.