Bullboard - Stock Discussion Forum Chalice Brands Ltd CHALF

Healthcare Cannabis

Chalice Brands Ltd. is a U.S. operator in the most competitive, innovative and mature cannabis market in North America. Leaders in retail, marketing and craft cultivation supported by fully integrated processing and distribution. The Company has 12 retail stores in Oregon operating as Chalice Farms, Homegrown Oregon and Left Coast Connection and is distributed nationally through Fifth & Root. see more

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Chalice Brands Ltd > May 25th is Name Change and Consolidation Day.

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Post by daveinvestor on May 20, 2021 11:24am

May 25th is Name Change and Consolidation Day.

https://stockhouse.com/news/press-releases/2021/05/20/golden-leaf-announces-timing-of-corporate-name-change-xa0-to-chalice-brands-ltd

The Consolidation and the Name Change will take effect on Tuesday, May 25, 2021 and the Company's common shares will commence trading on a post-Consolidation basis under the new name and under the symbol “CHAL” on the Canadian Securities Exchange at the open of trading on May 20, 2021. The Company will receive a new symbol for the OTCQB in short-order and will announce separately.

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As a result of the Consolidation, approximately 1,358,871,942 common shares issued and outstanding prior to the Consolidation will be reduced to approximately 59,081,260 common shares. Each shareholder’s percentage ownership in the Company and proportional voting power will remain unchanged after the Consolidation. No fractional common shares will be issued in connection with the Consolidation and, in the event that a shareholder would otherwise be entitled to receive a fractional common share as a result of the Consolidation, such fraction will be rounded down to the nearest whole number.

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Comment by retireoffglh on May 20, 2021 11:28am

I'm super excited the company has turned things around tremendously. What I wanna know is who's selling their shares right now? This is gonna do nothing but grow.

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Comment by MoneeMakr on May 20, 2021 11:36am

Day traders who have been flipping at .5 cents for the past few years. Hence the consolidation.

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Comment by campst on May 20, 2021 11:39am

Yes, and I'm happy to see the end of it.

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Comment by RiskyBiz928 on May 21, 2021 9:41am

---> Me too! Let's hope people hold their shares and we don't get hit with a short attack. Noticed the name up top is now Chalice. This is really going to happen... GLTA!

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Comment by MoneeMakr on May 21, 2021 10:17am

>Let's hope people hold their shares and we don't get hit with a short attack. Me too! Hopefully the fact that we are valued at less than 2 times annual revenue prevents this. I feel more comfortable holding GLH everyday.

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Comment by RiskyBiz928 on May 21, 2021 10:57am

Yes sir. The company turnaround, the changing tide with cannabis in the US... it's all coming together. Maybe this consolidation on price could get us an uplist and off this mickey mouse exchange. Not to compare us to Tweed, but when they uplisted it was off to the races. Have a great long weekend everybody (not that it matters with covid :-()

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Chalice Brands Ltd