Chalice Brands Ltd CHALF

Negative Cash for operations -$1.5MM Debt escalating $17.7M

[RebeccaG]

Chalice has been burning cash at an alarming rate, hiring executives, buying businesses, paying lucrative salaries to executives and wasting cash that was supposed to be spent on operations & improvements. This is a highly troubling sign in the middle of a capital crunch that is obvious from the posted financials of Q2 where the debt jumped by 45% to a whopping $11.51 million in Q2 and now it jumped by 54% from Q2 to $17.76Million. These debts mature in less than a year and add to that the latest $6.25MM at 10% interest due also in 2022. Don’t you think a debt holders takeover is a possibility? Respond with your brain please

[MoneeMakr]

RebeccaG very unlikely, this company has turned around and been EBITDA positive for a number of quarters. 

[Snakebite18]

Completely agree. The EBITBA and numbers in general, keeps getting better. Through investment eyes, nothing wrong. Looking great from where I'm seated. Didn't feel like writing a novel, so take a couple a minutes and read the article. Great few minute read. Puts it in perspective what they are trying to accomplish. Remember it's not a sprint. Most serious investors will tell you

[mugs19]

"Most serious investors will tell you minimum 3 years." yes but this has been going on for 10 years plus already!!! Just a different name hoping that people forget. mugs

[GreatGabbo]

COULDNT AGREE MORE WITH REBECCAG, THIS COMPANY CANT STOP BURNING CASH.  NO END TO THE LOSSES IN SIGHT AND MANAGEMENT KEEP PAYING THEMSELVES FAT BONUSES WITH OUR MONEY.  

[Mil_Man54]

Come on now GreatGobbler....you're not even a real investor......insider info says you're a paid pumper who doesn't own a single share in any stock whose boards you post on......

[mugs19]

"COULDNT AGREE MORE WITH REBECCAG, THIS COMPANY CANT STOP BURNING CASH.  NO END TO THE LOSSES IN SIGHT AND MANAGEMENT KEEP PAYING THEMSELVES FAT BONUSES WITH OUR MONEY." Peculiar way of pumping! mugs

[MoneeMakr]

Mugs19 except they haven't done that. hence being one of few to be EBITDA positive. although many companies in the industry continue to burn money, chalice has been transparent in their strategic growth. they are executing their crawl walk run strategy as planned.

[mugs19]

Golden Leaf Holdings (GLH) traded on the exchange for years, merged / purchased Chalice Brands, consolidated 1 for 23 and is now trading under the Chalice Brands name back to the equivalent of 2.5 cents of the GLH price FACT. That's a very rough yet succinct summary. mugs

[MoneeMakr]

Meh, EBITDA is likely what most investors are measuring success right now, not what they did several elyears ago. Many big companies like amazon and tesla have had huge downs early on. If you traded 25 years you would understand the variables. The market will see the value of what chalice is doing when legalization inevitably happens. In the meantime financials look healthy and seem