- CHAL finalizes acquisition of five HomeGrown retail dispensaries
- Strategic move provides exceptional geographic compatibility with Chalice
- The fact that Homegrown is profitable makes this a highly accretive acquisition for GLDFF’s earnings per share
In a state that is paving the way forward for cannabis, Chalice Brands (CSE: CHAL) (OTCQB: GLDFF)
, previously operating under the name Golden Leaf Holdings Ltd., is making its mark. The company recently announced a transformational acquisition that brings a chain of five Oregon-based retail dispensaries under the Chalice umbrella (https://cnw.fm/weqA4
). The dispensaries, previously owned by SMS Ventures LLC, known as Homegrown, are located in Portland, Salem and Albany. This transaction increases Chalice Brands’ retail store footprint from 7 to 12 locations in the state of Oregon.
“We have been diligently searching for the appropriate footprint expansion for our retail business in Oregon that represented the right fit and to be in a position to fund the acquisition,” said Chalice Brands president and CEO Jeff Yapp. “Homegrown’s culture aligns perfectly within ours and provides an…
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