Chalice Brands Ltd CHALF

Q3 Financial Highlights: future sales will grow

[Higherhopes2020]

The stock trades around 3 cents.  Its a bargain.

• Golden Leaf Holdings is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with seven dispensaries in Portland, Oregon. The Company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Markets served include Oregon, California, Nevada and Washington
• For the first time in its history, GLH reports positive cash flow from operations of $0.4M.
• Record quarterly revenues from continuing operations of $6.2M, an increase of 42% versus the third quarter of 2019 and 11% greater than the second quarter of 2020.
• Adjusted EBITDA loss of $173,000 for the three months ended September 30, 2020, an improvement of 78% over the prior quarter. Adjusted EBITDA is a non-IFRS measure, which the Company considers important in assessing operations. For a reconciliation of Adjusted EBITDA (non-IFRS) to income (loss) before income taxes, please see below.
• Record year-to-date revenue of $16.3M, an increase of 34% compared to the nine months ended September 30, 2019, surpassing total revenue for the entirety of 2019 in only three quarters.
• Adjusted EBITDA loss of $1.7M for the nine months ended September 30, 2020 compared to $5.1M for the nine months ended September 30, 2019, a 68% improvement.
• Gross profit before biological asset adjustments of $2.2M, an improvement of $0.7M or 47% compared to the prior quarter, and $0.7M or 49% compared to the 3 months ended September 30, 2019.
• Total operating expenses down 22% compared to the nine months ended September 30, 2019 and 3% compared to the 2 nd quarter of 2020, demonstrating continued cost containment while growing revenues. The Company has implemented additional cost savings measures beginning in the fourth quarter of 2020 which should result in incremental cost savings during the fourth quarter with no impact to revenues.
• Same store sales growth increased 26% compared to the third quarter of 2019 and 8% compared to the second quarter of 2020.

[Bigginvestor]

yea Gold leaf holding been trading at 2.5 to 3 cents for 3years I have the stock it's not going no where . hope it does so I can sell 250 shares thank god I didn't buy alot.

[DirtyCadillac69]

Hahahaha "Bigginvestor" 250 shares of a 3 cent a share company! Let's all take advice from this financial genius. I mean with the strategy of randomly investing 7 dollars and 50 cents in penny stocks how could you go wrong??? This must be Warren Buffets protoge.....

[Bigginvestor]

dirty Cadillac 69 .do think that stock will go far I DNT think so it's a penny stock man that's why I didn't invest alot of money in it but FSD Pharma was a penny weed stock i bought at .11 cents 49k shares sold at .94 cents made $46,000 you have know witch one is going to make u money this stock . nope that's why I only bought 250 shares . dumbass!!

[DirtyCadillac69]

Yup you are so smart investing only $7.50 at a time....lol you'll be rich any day now my friend! hahaha