Chalice Brands Ltd - CHALF stock
OTC Symbol: CHALF
Introduction[edit]
Chalice Brands Ltd. (OTC: CHALF) is a leading cannabis company that specializes in retail, production, processing, wholesale, and distribution. They operate 12 dispensaries in Portland, Oregon, and are dedicated to creating a diverse brand portfolio with an emphasis on health and wellness. Founded in 2014, Chalice Brands is one of the largest cannabis companies in Oregon, employing over 160 people. They have a presence in Oregon, California, Nevada, and Washington.[1]
Stock[edit]
The stock currently trades on the OTC Expert Market, which is a market strictly for brokers. Therefore, retail traders cannot buy or sell through standard brokerage accounts. [2]
Brands and Products[edit]
Chalice Brands Ltd's product line includes a variety of cannabis products, including flower, concentrates, edibles, and tinctures. The company's mission is to provide high-quality, safe, and effective cannabis products to consumers, while also promoting responsible use and education around cannabis.
Private Stash[edit]
The Private Stash brand offers a variety of products including Peace Puck (1 g), Blasts (fruit fhews), Legacy Line (cartridges), Liquid Blast (drinks), Stash Sticks (pre rolls), Groovy Doobie (pre rolls), and Flavored Carts (cartridges).[3]
Bald Peak[edit]
The Bald Peak brand is focused on producing a variety of strains with experimental strains every season, produced in using the efficient operations.[4]
Chalice Fruit Chews[edit]
Chalice Fruit Chews are available in a variety of flavors, are produced using locally sourced organic fruit puree, employee beet sugar as the main sweetener, and utilize unique additive ingredient blends. These products contain no gluten and are vegan, dairy-free, and soy-free, and do not contain artificial colors or flavors. [5]
Elysium Fields Brand[edit]
Elysium Fields aims to offer an authentic cannabis experience that is faithful to the plant. Their cannabis extract is derived solely from the plant, without any additional substances, and is procured from farms that follow ethical and sustainable practices. Product varieties include: Cold Cured Rosin, Live Resin Dabs, PreRolled Joints, Infused PreRolls & Blunts, Black Label Cartridges, White Label Cartridges, Full Spectrum Tincture, and 1:1:1.[6]
RXO Brand[edit]
The Pure RXO line is a combination of traditional medicine and modern innovation. It features products like RSO tankers, 1:1 patches, and RSO cartridges that are dedicated to offering pure, honest, and full-spectrum cannabis. Full-spectrum cannabis products contain all of the natural cannabinoids present in the cannabis plant, leading to the entourage effect.[7]
RSO, or Rick Simpson Oil, is a cannabis extract made using a solvent extraction process. RSO Tankers are designed to enhance your wellness routine and offer an optimal experience for both medicinal and recreational users. A proprietary, organic grain ethanol-based extraction process was developed in collaboration with medical professionals in Washington State. This product strives to remove impurities like chlorophyll to produce the purest and cleanest cannabis concentrate available. The process also allows RSO to capture the full range of bioactive compounds in the plant, including terpenes and cannabinoids in their natural acid form. RXO Tankers have a thick consistency, so a syringe design makes it easier to dispense the concentrate for various applications. Typically, a pea-sized amount is sufficient, and it can be ingested in multiple ways. It's also a great add-in to homemade edibles since it's already decarboxylated. RSO Tankers come in various strains and potencies, and they can aid in a variety of mental and physical ailments.[7]
Financial Performance
While producing significant revenue, Chalice Brands has not achieved profitability in recent years, with a particularly large loss in 2019.[8]
| Year Ending | Total Revenue | Net Income |
|---|---|---|
| 12/31/2020 | $21,909,000 | ($10,028,000) |
| 12/31/2019 | $15,754,000 | ($46,381,000) |
| 12/31/2018 | $14,697,000 | ($4,570,000) |
Acquisitions[edit]
Totem Farms and Miracle Greens[edit]
Chalice Brands Ltd has released a statement regarding the termination of its planned acquisition of Totem Farms and Miracle Greens. The company had previously announced its intention to acquire these two cannabis businesses, but the transaction has since been terminated due to several factors. According to the statement, the termination was due to several issues that arose during the due diligence process. These issues included concerns about the accuracy of financial information provided by Totem Farms and Miracle Greens, as well as issues related to their compliance with regulatory requirements. Chalice Brands Ltd has stated that it remains committed to pursuing growth opportunities in the cannabis industry, but will continue to exercise caution and diligence in its acquisitions and partnerships. The company also noted that it will be reviewing its internal processes to ensure that similar issues do not arise in the future.[9]
Cannabliss & Co.[edit]
In July, 2022, Chalice Brands Ltd has announced that it has entered into an amended agreement to acquire Cannabliss & Co., a well-known cannabis retailer with multiple locations in Oregon. The acquisition is part of Chalice Brands' strategy to expand its retail presence and increase its market share in the cannabis industry. Under the terms of the amended agreement, Chalice Brands will acquire Cannabliss & Co.'s five retail locations, which are all located in the Portland metropolitan area. The transaction is expected to close in the second quarter of 2022, subject to customary closing conditions. Chalice Brands believes that the acquisition of Cannabliss & Co. will help it to further strengthen its position in the Oregon market, where it already operates several retail locations under the Chalice Farms brand. The company plans to leverage its experience and expertise in the industry to improve the performance of Cannabliss & Co.'s existing locations and drive growth in the future. The acquisition is also expected to be accretive to Chalice Brands' financial performance and is in line with the company's overall growth strategy. Chalice Brands remains committed to expanding its retail footprint and delivering high-quality cannabis products to consumers in Oregon and beyond.[10]
- ↑ Yahoo Finance. CHALF Stock. Retrieved on 12/28/2022.
- ↑ OTC Markets. CHALF Stock. Retrieved on 5/1/2023.
- ↑ Chalicebrandsltd.com. Products – Private Stash. Retrieved on 12/28/2022.
- ↑ Chalicebrandsltd.com. Bald Peak Brand. Retrieved on 4/30/2023.
- ↑ Chalicebrandsltd.com. Products – Fruit Chews. Retrieved on 12/28/2022.
- ↑ Chalicebrandsltd.com. Products – Elysium Fields. Retrieved on 12/28/2022.
- ↑ 7.0 7.1 Chalicebrandsltd.com. Products – RXO. Retrieved on 12/28/2022.
- ↑ OTC Markets. CHALF Stock Financials. Retrieved on 4/30/2023.
- ↑ GlobeNewswire. Chalice Brands Ltd. Announces Termination of Totem Farms & Miracle Greens Transactions. September 9, 2022.
- ↑ The Globe and Mail. Chalice Brands Ltd. Enters Into Amended Agreement to Acquire Cannabliss & Co. Retail Locations. July 05, 2022.
