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Chalice Brands Ltd. (CSE:CHAL) (OTCQB:CHALF) pre-announced its financial and operating results Wednesday for the third quarter of 2021, revealing record quarterly revenues of $8.0 million, up by 31% year-over-year.
“I am proud of our team's performance as we continue our year-over-year revenue growth in the third quarter,” Jeff Yapp, CEO and president said in a statement. “By maintaining our focus on profitable operations and the accretive acquisition of Homegrown Oregon, the Company has immediately impacted the vertical contribution within the new stores ahead of schedule. The Chalice team is energized by our strategic mission to capitalize on untapped opportunities in Oregon and other states with significant room for consolidation, synergies, and vertical leverage.”
The company will provide its full third-quarter financial report at the next earnings call, to be announced at a later date.
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Chalice’s shares closed Wednesday’s market session 4.26% higher at 64 cents per share.
Photo: Courtesy of Tim Foster on Unsplash