Chalice Brands, previously operating under the name
Golden Leaf Holdings Ltd. (CSE:CHAL) (OTCQB:GLDFF) on Monday released its first-quarter earnings with record revenue of $5.5 million, up by 18% year-over-year.
Financial Highlights
The company’s revenue from continuing operations in the first quarter amounted to $5.5 million, which compares to $4.7 million in the first quarter of 2020; Chalice noted that the higher revenue could be attributed to the company’s development of retail and wholesale operations in Oregon;
Its gross profit for the period was $2.5 million, or 45% gross margin, compared to $1.7 million or 37% gross margin in the prior year; Higher margins are a result of better sales of vertical products produced by the company;
Neighbors worry about bear problem ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
March 30 2021
Sales top $1 billion, but the state s marijuana economy faces federal tax code woes, crime, wildfires and lawmakers eager for revenue
They ve never been higher.
Oregon recreational marijuana sales have climbed to record highs, but some say the industry s woes also have reached an apex. The difficulties range from an unfavorable federal tax code to a dangerous crime wave, wildfires, and cities and counties hungry for a larger slice of the tax pie. Businesses are still struggling, says Kim Lundin, executive director of the Oregon Cannabis Association. High sales don t transfer to overall industry success.
But the marijuana milestone $1.1 billion in sales in 2020, blowing past the $795 million benchmark set in 2019 has started a battle for cash at the state Capitol regardless.
Pamplin Media Group - Oregon's billion-dollar weed economy faces new challenges pamplinmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pamplinmedia.com Daily Mail and Mail on Sunday newspapers.
Pamplin Media Group
A trailer with two telescopes inside, including a 14-foot-long custom telescope, was reported stolen.
Authorities are asking for the public s help in locating a trailer containing two valuable telescopes that was reported stolen from the Laurelwood area this week.
The Washington County Sheriff s Office said a rural property owner reported a 1997 Wells Cargo enclosed trailer he had been storing went missing overnight. He discovered it was gone on Thursday, March 11.
Among the items in the trailer was a 14-foot-long telescope valued at $15,000, the sheriff s office said. The telescope was custom-built, and the owner had reportedly been working on it for decades.