QualityStocksNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: GLDFF) Releases Q1 Financial Report
Chalice Brands (CSE:CHAL) (OTCQB:GLDFF), formerly Golden Leaf Holdings Ltd. and a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, has reported its financial and operating results for first quarter 2021. Report highlights included Record quarterly revenues from continuing operations reaching $5.5 million, a 18% year-over-year increase compared to the same period in 2020, which totaled $4.7 million; gross profit of $2.5 million for the quarter, or 45% gross margin, compared to $1.7 million or 37% gross margin in 2020; and adjusted EBITDA of approximately 7%, or $370,000. In the report, the company noted that its gross…