CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Eyes ‘Record-Breaking Second Half of 2021’

Jun 17, 2021

Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, recently released its financial and operating results for Q1 2021. A recent article reads, “The company reported record quarterly revenues from continuing operations of $5.5 million, an 18% year-over-year increase compared to $4.7 million for the same period in 2020, and gross profit for the quarter of $2.5 million, or 45% gross margin, compared to $1.7 million, or 37% gross margin, in 2020. In addition, the report noted that adjusted EBITDA of approximately 7%, or $370,000, continues the trend from Q4 2020, demonstrating that Oregon covers corporate overhead costs.” The article quoted CEO Jeff Yapp as saying, “Continued profitable operations and accretive acquisitions should set us up for a record-breaking second half of 2021. We continue to look forward to favorable federal regulation changes while we grow Fifth & Root to showcase our brand portfolio nationally. Our team is energized and focused on growth as we remain disciplined in our allocation of capital.”

To view the full article, visit https://cnw.fm/9PwCb

About Chalice Brands Ltd.

Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution, and retail, with 12 dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Chalice Brands operates nationally through Fifth and Root and has operations in Oregon and California. Visit https://Investors.ChaliceBrandsLtd.com for regular updates.

NOTE TO INVESTORS: The latest news and updates relating to CHALF are available in the company’s newsroom at https://cnw.fm/CHALF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]

CannabisNewsWire is part of the InvestorBrandNetwork.

More News

Leading Chinese economic commentator Ren Zeping’s social media account restricted
Oct 24, 2026
Leading Chinese economic commentator Ren Zeping’s social media account restricted

A prominent Chinese economist’s social media channel has been restricted as Beijing steps up regulatory scrutiny of financial market influencers. Chinese internet users on Saturday noticed that the WeChat account of Ren Zeping, known for his outspoken comments on investments and policies, had been stopped from gaining new followers and a member of his team said posting had been suspended. Clicking the follow button generated a message saying “this account cannot be followed due to its violation...

Small clashes erupt at Paris protests, as police remain on high alert
Oct 24, 2026
Small clashes erupt at Paris protests, as police remain on high alert

Protests across France were largely peaceful on Saturday, despite heightened tensions and sporadic clashes between protesters and the police, but authorities remained on high alert as night fell. The French Interior Ministry counted 410,000 people who hit the streets across the country on Saturday, down from the 550,000 who protested last weekend. The October 17 demonstrations descended into looting and the worst urban rioting France had seen in years. 249 protests took place in France on...

China dad handed 3-year race ban after dragging rope-tied son around marathon
Oct 24, 2026
China dad handed 3-year race ban after dragging rope-tied son around marathon

A marathon runner in China who dragged a nine-year-old boy around a half-marathon using a rope has been handed a three-year ban and had his result erased. Video clips of the child with a rope around his waist struggling to keep up as the pair competed in the Zhengzhou Marathon in Henan province have gone viral, and sparked intense debate online. While some social media users expressed surprise at the boy’s endurance, most condemned the incident, which is believed to have involved a father and...

Ukraine’s Starlink woes should be a wake-up call for Taiwan, analysts say
Oct 24, 2026
Ukraine’s Starlink woes should be a wake-up call for Taiwan, analysts say

Taiwan should not rely on a single foreign satellite provider for critical wartime communications, analysts have warned, after sudden restrictions on the use of Elon Musk’s Starlink disrupted Ukrainian drone operations. The episode has renewed debate in Taiwan over the risks of entrusting essential communications to foreign commercial operators whose services could be restricted for political, military or business reasons. Analysts said this was particularly relevant as Taipei was trying to...

Asian Para Games 2026 Closing Ceremony Highlights: Aichi-Nagoya Games Draw To A Close
Oct 24, 2026
Asian Para Games 2026 Closing Ceremony Highlights: Aichi-Nagoya Games Draw To A Close

Follow live updates from the Asian Para Games 2026 closing ceremony in Aichi-Nagoya as India celebrates its best-ever campaign, record medal haul and standout performances.

North Korean leader Kim Jong-un pays unexpected visit to Chinese border city of Dandong
Oct 24, 2026
North Korean leader Kim Jong-un pays unexpected visit to Chinese border city of Dandong

North Korean leader Kim Jong-un visited the Chinese border city of Dandong on Saturday, with both sides underlining their traditional friendship and calling to boost cooperation. The trip, Kim’s first visit to China in more than a year, comes ahead of next month’s Apec summit in the southern Chinese city of Shenzhen, where Donald Trump and other world leaders are expected to gather. He was welcomed and accompanied on his trip by Wang Huning, China’s fourth-ranked official, according to state...

PV Sindhu Storms Into French Open Final, Sets Up An Se Young Clash
Oct 24, 2026
PV Sindhu Storms Into French Open Final, Sets Up An Se Young Clash

PV Sindhu battled past Japan's Hina Akechi in a gripping three-game semifinal to reach her second Super 750 final of the season.

Is Washington misreading Beijing? Decline in US visits to China sparks concern
Oct 24, 2026
Is Washington misreading Beijing? Decline in US visits to China sparks concern

When Grant Newsham, a retired US Marine colonel and security analyst, sat down for an interview that aired last month, he called China’s economic rise illusory and said there were “600 million Chinese at least who live on US$5 a day or less”. His remarks quickly drew online criticism as well as accusations that he was using outdated figures from 2020 while ignoring differences in purchasing power. Some commenters argued that uneven development was common across countries. Others questioned how...

‘Systematically dismantled’: Hegseth’s new offensive against China’s Confucius Institutes
Oct 24, 2026
‘Systematically dismantled’: Hegseth’s new offensive against China’s Confucius Institutes

Just weeks before Donald Trump’s second trip to China this year and his third meeting with President Xi Jinping, whom he has called a “truly great” friend, his administration is intensifying its crackdown on Confucius Institutes – Beijing-backed centres that promote Chinese language and culture at universities abroad. Long viewed by critics as instruments of Beijing’s soft power and cultural diplomacy, the institutes are back in the crosshairs of US Defence Secretary Pete Hegseth, who says the...

Thousands evacuated and flights grounded as Typhoon Champi hits eastern China
Oct 24, 2026
Thousands evacuated and flights grounded as Typhoon Champi hits eastern China

Typhoon Champi continued to batter China’s eastern coast on Saturday, grounding over a hundred flights and prompting the authorities to relocate tens of thousands of people, while weakening as it moved towards Japan. Flights from airports in Shanghai as well as Fujian and Zhejiang provinces were grounded. China Eastern Airlines said it had cancelled 39 domestic flights to and from Shanghai’s two main airports while flights to and from the cities of Fuzhou and Wenzhou were also affected. The...

How competition between Chinese and Indian firms could reshape African drug markets
Oct 24, 2026
How competition between Chinese and Indian firms could reshape African drug markets

China is challenging India’s long-held dominance of the African market for antimalarial drugs in 12 of the continent’s hardest-hit countries, according to a new study. Last year, Chinese exports of antimalarial drugs reached US$89.3 million, nearly matching India’s US$89.6 million, according to Indian market research company Sol Gravitas. The gap has closed significantly since 2021, when Indian exports stood at US$121 million compared with US$62.6 million for China. Separately, the study...

Anahat Singh Suffers Defeat In Semifinals Of Silicon Valley Squash Tournament
Oct 24, 2026
Anahat Singh Suffers Defeat In Semifinals Of Silicon Valley Squash Tournament

The world No. 15 and reigning world junior champion, Anahat went down 11-5, 6-11, 4-11, 7-11 for her third defeat to the Malaysian opponent in as many meetings.

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

Daily World Feed

Get yourself immersed in engaging topics right here. Daily World Feed is a multi-platform media, providing you latest breaking news straight from the industry.

Sign Up