June 10, 2021 09:37:33
- New report cites new management, very good customer ratings and record revenue in initiating CHAL coverage
- Chalice Brands acquisition of Homegrown Oregon also noted
- CHAL’s consistent increase in financial numbers key to BUY rating as well
A recent Fundamental Research Corp. report has initiated coverage of Chalice Brands (CSE: CHAL) (OTCQB: CHALF)
with a BUY rating and a fair value estimate of C$2.46 (https://cnw.fm/i4AD6
). CHAL closed at C$1.37 on June 8, 2021. Chalice is a leader in retail, marketing and craft cultivation supported by fully integrated processing and distribution.
“New management has demonstrated their ability by significantly growing the company’s revenue and margins in 2020,” the Fundamental Research Corp. report stated. “Another testimonial for the team is that all of their stores have very good customer ratings. We are expecting record revenue in…
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