Chalice Brands Ltd CHALF

Chalice Brands Ltd. Execution of Definitive Agreements

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PORTLAND, Ore., April 21, 2022 (GLOBE NEWSWIRE) -- Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) (“Chalice” or the “Company”), a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, is pleased to announce the signing of definitive agreements and services agreements (the "Agreements") to acquire two retail stores located in Bend and Corvallis, Oregon from Miracle Greens, Inc (“Miracle Greens”) and two outdoor cultivation assets in Grants Pass, Oregon from Totem Farms, LLC (“Totem Farms”) for total consideration of US$2.63 million (“Purchase Price”). The closing of the transaction is subject to approval by the OLCC (“Oregon Liquor and Cannabis Commission”) and the satisfaction of other closing conditions.

Chalice Brands Ltd. Announces Execution of Definitive Agreements to Acquire Oregon Retail Stores and Cultivation Assets