GREY:CHALF - Post by User
Post by
TheCanadianDudeon Feb 02, 2022 10:59am
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Post# 34389069
No Profits = Business failure
No Profits = Business failureWhen Chalice fails (failed) to make any profits in its current businesses for many years (the latest profit margin for Q3’s is MINUS 23%). How do you think they can fix or make any money from borrowing $millions and wasting investor money to buy another struggling business or opening more stores? These businesses were purely burdens on the original owners, LOOK AT THE EXAMPLE BELOW Chalice bought a business!! EXAMPLE
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”.