RE:They already bankrupt the Canadian symbol… Do you actually read anything posted here?
Let me give you the Coles Notes version of all that has been discussed to bring you back up to speed from your 48-hour hiatus.
1.) The company has not released their official earnings since they missed in May. This is admittedly frustrating and unacceptable. In the meantime, they have offered guidance and this in no way indicates bankruptcy.
https://stockhouse.com/news/press-releases/2022/08/23/chalice-brands-ltd-open-letter-to-shareholders
Based on preliminary unaudited results, Chalice Brands Dispensary Revenue[1] for the first quarter of 2022 was $5.3 million, representing a 45.1% increase compared to the same period in the prior year. The increase was the result of the Homegrown Oregon acquisition on May 19, 2021. Dispensary revenue for the second quarter 2022 was $5.2 million, representing a 1.4% increase compared to the same period in the prior year. Similar to the first quarter comparison, the dispensary revenue increase is largely attributable to the Homegrown Oregon acquisition. Dispensary revenue for the first six months of 2022 was $10.5 million representing a 19.5% increase compared to the same period in the prior year.
This does not sound like bankruptcy and to say that, to imply that is actually irresponsibly stupid. You cannot bankrupt the Canadian side. LOL ok. Again, the dropping revenues may be of concern, but all the missing filings sound pretty good so far.
2.) All US Cannabis companies are suffering, not just Chalice. If you think what is happening here is unusual, you are gravely mistaken. The company is far from perfect, but they are a company which is trying to grow revenue. They must expand to do so; they must buy new locations and without the access to capital from US banking institutions, they will be at risk. All US Cannabis companies are at risk because of the lack of any positive legislation.
3.) US Cannabis companies won't be increasing their valuations without any positive legislation. See Borris Jordan's comments on the state of the sector and the likelihood SAFE plus HOPE positive legislation going forward.
https://www.youtube.com/watch?v=gqPAzXIR7cY
You want the company sold or taken over? Then positive legislation is required.
You want your money back? Then pushing and cheering on Chalice’s demise is so very stupid and is not going to help.
4.) Do you actually understand the US Cannabis sector at all? What did you expect would happen here?
RickyBobby412 wrote:
.. US symbol will follow suit too. Of course they will steal every penny they can before that happens.
Majority shareholders bought on the Canadian market and now those shares are worth 0.
Let that sink in ... a big fat $0
Shocked the US would let this scam continue....