Chalice Brands Ltd. has terminated its previously announced definitive agreements and services agreements dated April 20, 2022, with Miracle Greens, Inc and Totem Farms, LLC.
The Company terminated the Agreements pursuant to its rights under the Agreements, and no termination fees or other considerations are payable in connection with such terminations.
Chalice Brands will continue to execute on its business objectives to drive long-term performance and explore strategic alternatives to enhance shareholder value. "We remain focused on strengthening our core business and will aggressively pursue margin improvements to optimize the operational efficiency of the Company."
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