NetworkNewsBreaks – Chalice Brands Ltd. (CSE: CH
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Posted On: 06/11/2021 4:37:30 PM
NetworkNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Looks to Increase Gross Margins Through Accretive Acquisition
Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, recently completed the acquisition of a chain of five Oregon-based retail dispensaries, known as Homegrown, for a total consideration of about $9.75 million. “This transaction increases Chalice Brands’ retail store footprint from 7 to 12 locations in the state of Oregon,” reads an article discussing the move. The consideration paid is 0.9 times Homegrown’s first quarter 2021 annualized revenue. “The fact that Homegrown is profitable makes this a highly accretive acquisition for the company’s earnings per share. It is anticipated that consumers will find Chalice Brand products on Homegrown shelves in the coming months, providing the opportunity to increase gross margins by between 5% and 10% in the newly acquired stores.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, recently completed the acquisition of a chain of five Oregon-based retail dispensaries, known as Homegrown, for a total consideration of about $9.75 million. “This transaction increases Chalice Brands’ retail store footprint from 7 to 12 locations in the state of Oregon,” reads an article discussing the move. The consideration paid is 0.9 times Homegrown’s first quarter 2021 annualized revenue. “The fact that Homegrown is profitable makes this a highly accretive acquisition for the company’s earnings per share. It is anticipated that consumers will find Chalice Brand products on Homegrown shelves in the coming months, providing the opportunity to increase gross margins by between 5% and 10% in the newly acquired stores.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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