PORTLAND, Ore., Sept. 09, 2022 (GLOBE NEWSWIRE) — Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) (the “Company” or “Chalice Brands”), a premier consumer-driven hashish firm specializing in retail, manufacturing, processing, wholesale, and distribution, introduced right now that it has terminated its beforehand introduced definitive agreements and providers agreements (the “Agreements”) dated April 20, 2022, with Miracle Greens, Inc (“Miracle Greens”) and Totem Farms, LLC (“Totem Farms”).
The Company terminated the Agreements pursuant to its rights underneath the Agreements and no termination charges or different consideration are payable in reference to such terminations.
Chalice Brands will proceed to execute on its business targets to drive long-term efficiency and discover strategic options to boost shareholder worth. We stay targeted on strengthening our core business and can aggressively pursue margin enhancements to optimize the operational effectivity of the Company.
About Chalice Brands Ltd.
Chalice Brands is a premier consumer-driven hashish firm specializing in manufacturing, processing, wholesale, distribution and retail, with 16 owned dispensaries in and round Portland, Oregon. The Company is dedicated to creating a dynamic portfolio constructed across the acknowledged manufacturers of Chalice Brands, together with Chalice Farms, Left Coast Connection, Homegrown Oregon and Cannabliss & Co., with a deal with well being and wellness. Visit traders.chalicebrandsltd.com/ for normal updates.
Investor Relations:
John Varghese
Executive Chairman
Chalice Brands Ltd
971-371-2685
[email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the Exchange) accepts accountability for the adequacy or accuracy of this launch.
Disclaimer: This press launch comprises “forward-looking information” inside the that means of relevant securities laws. Forward-looking info consists of, however is just not restricted to, statements with respect to the Company’s future business operations, the opinions or beliefs of administration and future business targets. Generally, ahead trying info will be recognized by the use of forward-looking terminology similar to “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking info is topic to recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Company to be materially totally different from these expressed or implied by such forward-looking info. These dangers embody however usually are not restricted to normal business, financial and aggressive uncertainties, regulatory dangers, market dangers, dangers inherent in manufacturing and retail operations similar to unexpected prices and manufacturing shutdowns, difficulties in sustaining model loyalty, and different dangers of the hashish trade. Although the Company has tried to establish vital components that would trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There will be no assurance that such info will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking info. Forward-looking info is offered herein for the aim of presenting details about administration’s present expectations regarding the long run and readers are cautioned that such info is probably not acceptable for different function. The Company doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines. This press launch doesn’t represent a proposal of securities on the market within the United States, and such securities is probably not provided or offered within the United States absent registration or an exemption from registration or an exemption from registration.
