Chalice Brands Ltd CHALF

CHAL: REVIEW FOR HONEST INVESTORS. Hopeless

[TheCanadianDude]

How discouraging and disappointing CHALF has been over the whole 7 years to date.
It started at $1.35 in 2014 and ended at $0.02 in 2020. 98% loss in value
It restarted after a reverse split in 2020 and promises of $5 -$10 shares in May 2021 after multiplying by a 23 arbitrary factor but dividing your shares by 23
Highest it went was $1.27 and since that day, CHALF has been sub-Buck going even into the $0.30's
Then the usual pumpers' hype of the "new" Quarter! After 12 such fake & unfruitful quarters, we saw the resident pumper, Portland Blazer with multiple aliases spreading fake news that CHALF will hit $5 “soon”
Well folks; the opposite  happened, instead, the stock has gone down to $0.39, simply worth only 1.6 CENTS in real money in spite of all the market indices hitting record highs, CHALF lost > 70%  of its value since Reverse Split ONLY 180 days ago
Debt has ballooned to >$25 Million, 70% more than last Quarter & due payment with interest in 2022
There is no cash for operation CASH FLOW NEGATIVE "Operating Cash Flow (see financial analysis)
Today, after the Q3 financials, we see the OUTSTANDING shares still unmoved at 59.24Million
It is obvious, there is NO HOPE

[RiskyBiz928]

Yup. They finally start stringing together some decent quarters but the past just can't seem to be overcome. Only thing that could possibly save this is federal legalization. Seven years... still alive though...

[Boddington]

They borrowed too much money but wasted it on fruitless acquisitions.  I have watched this stock plummet with "good news" bad news and fake news from Blazer I think the debt holders will takeover the company, go private and investors lose their $$ for good Any company that is pumped is a company to stay clear of.

[tidesout2]

The creditors are lining up at the door. They will default on loans, and adios amigos. Lost a lot of people a lot of money this scam.

[Boddington]

Funny thing is the debt holders are current or ex OFFICERS of Chalice.  Chalice/ Golden Leaf changed 6 managements to get to the current disaster. Chalice is one of the top mismanaged companies where management has no money to pay for operations, no money to pay the iunterest on the old debt, yet borrown oney to buy other failing businesses.Never seen a company that made NO profit in over 10

[TheCanadianDude]

Cash-strapped Chalice has made a habit of defaulting not only on interest payments but continues to default on the debt payments as well. The debt-laden micro company Chalice financials show operating cash flows were not sufficient to service its term loans and interests, the debt has increased by 70% since Q2/2021 to reach over $25MM compared to $11MM reported in Q2 Chalice needs to be evaluating

[SpookyBravo]

Hi all, long-termer here just dont post often. I've been screwed twice by this stock, held in the red from 2017 to 2021, and now again because of whishfull thinking. With all the info we know and how bad this company is run, why would they think getting a 'flagship store' be a good reason? I immediately said 'oh noo' to myself when I read the news.

[TheCanadianDude]

Hello Spooky This company has tried every trick to justify its existence while wasting money left & right on useless acquisitions, 6 managements, 3 name changes the scam reverse split while borrowing to operate. I have a feeling that it was planned that way. Any company that dilutes investors continuously is lining the pockets of the original owners and top management especially when they hire

[RiskyBiz928]

Won't take long if it drops 10 - 15 percent a day...

[GustheGreek]

Yep, say bye bye to your investment. Horrible management team, clueless as to how to run a publicly traded company...

[RebeccaG]

 Management won't be financially hurt by failure, sales are dwarfed by debt, operational expenses and unnecessary acquisitions, Investors should expect continued dilutions, stock losing more value to the anticipated take over, receivership or lingering in the $0.20 vicinity heading to the Zero Zone There is no hope. Experienced investors see through the smoke & mirrors. 

[RebeccaG]

Not one person who supported this company has made any money and I mean ANY! Everyone here including myself lost almost all of my investment in CHALF and GLH. So take the LOSS and move on. The board resident pumper(s) must stop feeding good people absolute garbage.