- Oregon recreational marijuana companies are experiencing the best market conditions in years
- Chalice’s acquisition of Homegrown dispensaries expands company’s retail stores in Oregon from 7 to 12
- CEO says company has ability to significantly increase vertical margin revenue
Business is booming for cannabis companies in Oregon, with a recent Oregon Liquor Control Commission (“OLCC”) study reporting that cannabis production has increased 78% since 2019, while the amount of cannabis sold has skyrocketed by 150% (
https://cnw.fm/diFeI). That is welcome news to
Chalice Brands (CSE: CHAL) (OTCQB: CHALF), as the company recently announced an acquisition that brought a chain of five Oregon-based retail dispensaries under the Chalice umbrella (
https://cnw.fm/TH1dm).
“Oregon recreational marijuana companies are experiencing the best market conditions in years, with demand far outpacing supply because of the COVID-19 pandemic and more consumers forgoing the illicit market in favor of legal retailers,” reported a recent MJBizDaily article…
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NOTE TO INVESTORS: The latest news and updates relating to CHALF are available in the company’s newsroom at
https://cnw.fm/CHAL
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