Inner Spirit Holdings Ltd. INSHF

Inner Spirit Holdings Ltd. has established a growing network of recreational cannabis stores across Canada under its Spiritleaf brand. The Spiritleaf network includes franchised and corporate-owned stores. The company aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products.

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Inner Spirit Holdings Ltd. > GO META, ISH right there with them.

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Comment by BUYING4MEon Dec 08, 2018 9:20am

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RE:GO META, ISH right there with them.

These numbers are also not reflective of a real marketplace. Once we see more stores open the revenues per store will drop from competition

mtd121215 wrote: $3,950,000 in 50 days - 18

$3,000,000 in 43 days - 8 locations .....sales per day (on average) = $8720.93
$950,000 in 7 days - 17 locations (Lethbridge store didn't open until Dec 3) ....Avg sales per day = $7539.68

Annual sales for 18 locations = $7539.68 * 365 days* 18 locations
= 49,535,697

With margins at 30% the earnings should place the stock at a P/S multiple of about 2.5 - 3

$49,535,697 * 2.5 = $123,389,244 / 225,757,354 (Fully DIluted) = $.0.55

This is a current valuation and is based around an average of sale per day at 18 locations during a supply shortage of product. The numbers look really good and they will only go up from here as every new store opens and supply increases.

ISH will have to build more locations to generate the revenue, but the earnings will be better with their low capex strategy.

Retail is going to take off soon, stay long, stay strong.