GREY:GGBXF - Post by User
Comment by
Styles76on Oct 25, 2019 8:53am
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Post# 30268711
RE:Got to love those margins - ???
RE:Got to love those margins - ???It's the cost of product required to fill the stores and the warehouses vs. product sold. There's no indication of margins. They would not have sold every unit of product they produced.
Seeing that the difference in cost to produce vs sales isn't huge after opening as many stores as they have in the past year indicates one of two things - their cost per unit is low compared to the sales price, or they have sold a large number of units.. so yes, good business model, no sarcasm in tone.
NMachiavelli wrote: So they sell just over $7 million but it cost $8 million to produce those products? This is not operating costs or marketing or consulting (i.e. buying shares to prop up SP) but actual COGS which is materials, packaging and production costs.
Brilliant business model.