Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) announced its financial and operating results Thursday for the second quarter of fiscal 2021, revealing record quarterly revenues from continuing operations of $6.9 million, up by 26% from $5.5 million in the same quarter of 2020.
The consumer-focused cannabis company Chalice Brands Ltd., formerly Golden Leaf Holdings Ltd. (CSE: CHAL) (OTCQB: CHALF) pre-announced Tuesday its unaudited second-quarter earnings with a record quarterly revenue from continuing operations of $6.8 million.
Cannabis stocks traded up this week, aided by strong earnings reports, big M&A announcements and the reintroduction of the Marijuana Opportunity Reinvestment and Expungement Act (MORE) into Congress, after the previous year's version failed to pass the Senate.