RE:RE:RE:You’re not excited enough about Ontario Let me try this again lol (and someone correct me if I made errors, as math isn't my fort):
- Total vape sales in BC: $6,670,000/month
- Total vape sales in ON: $23,500,000/month
A March 1 news release (https://finance.yahoo.com/news/nextleaf-announces-fiscal-2022-first-133000671.html) shows that in its first 3 months in BC it became the #7 brand in oils by revenue (5.5% of the BC market share). 5.5% of the monthly BC market share = $6,670,000 X 0.055 = roughly $366,000. $366,000 X 12 months = $4,300,000+ of BC sales a year.
Now take that 5.5% market share from BC and transpose it to Ontario sales= $23,500,000 X 0.055 = $1,290,000 a month of ON sales X 12 months = $15,480,000+ in ON sales a yr
Annual estimated sales:
= $4.3 million BC sales
= $15.4 million in BC sales
= B2B partners?
= Mendo?
= Other provinces?
= $19,000,000+ a year
Note: This assumes the same market penetration as OILS had in BC so to be conservative we could lower the ON estimates, but this still doesn't take into account Mendo or B2B sales. Let me know what you think!