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Vibe Growth Corp C.VIBE

Alternate Symbol(s):  VIBEF

Vibe Growth Corporation is a Canada-based vertically integrated cannabis company. The Company is engaged in evaluating, acquiring, and developing cannabis cultivation, distribution and manufacturing assets and retail cannabis dispensaries, in the United States. The Company operates through five segments: Dispensaries, Cultivation, Distribution, Real Estate and Corporate. The Company, through its operating segments, is engaged primarily in the retail sale and cultivation of cannabis. The Company is focused on the point-of-sale process at its dispensary locations and product delivery methods, including providing on-line ordering, door-to-door delivery, and customer pick-up windows. In addition, it is also focused on new dispensaries delivering a retail experience under Vibe by California branded stores. The Company operates approximately six dispensaries, one distribution and three cultivation operations in the State of California, plus one dispensary in Portland, Oregon.


CSE:VIBE - Post by User

Comment by TheProphetElijahon May 02, 2022 9:46pm
81 Views
Post# 34649800

RE:Results

RE:ResultsBeware of Raptor the liar:

Ukiah only opened March this year, Salinas won't open until June this year.  These are not included in the results.
So 5 stores $30m rev is $1.5m per store - super!
Palm and Portland duds?? Where is the breakdown, you said yourself they don't show it anymore.

Cultivation expansion is needed to support current and future store sales.  And I assume they are close to complete or should be between now and July - on 'shedule and under budget'

Massachusetts?  Old news, focus is on California for now.  When sentiment towards the sector changes and a suitor steps up they can pick it up again.

Dispensary unprofitable? 42% gross profit margin, find someone better.  Costs money to grow, and Vibe would already be profitable if stopped expanding.  Now throw in coming Safe Banking, limited licencing in June, and elimination of 280e - a titan in the making.
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