RE:RE:What a joke
toohip wrote:
online? Looool. no one will by Weed online. As if u buy online you have to use ur credit card. Wich logs your activity. Good luck crossing the USA border. Second the driver diliveting the weed will just pull over take half. Mix it with tobacco. So online is out the window. If that was profitable the Ceo wouldn't open stores. Would you think he thought of that before he started
Lmfao, Oh hippie... Its cute you try. You know, after trashing this for a year.
I buy online, along with like 40% of Ontarians. But sure, no-one will buy online. Not like they're already doing it. Not like they'd rather go to a brick and mortar store than say an Amazon. Did you know that blockbusters making a comeback too? LOL
Take your tinfoil hat off boy. We all still cross the border just fine. Especially with the US being a year or two away from passing some sort of legislation to legalize it.
And really? You think the CEO would really hold back from taking shareholder money to open stores and try and pump the price on the millions of shares he gave himself as part of the buyout? Even after reading that writeup I wrote about how he already took Inner spirit money to save his own skin for a measly 500k and shares?
You think he would be conservative in opening stores that might face serious headwinds once click and delivery come into play??? Cause like... He didnt open a brick and mortar watch chain that went bankrupt? LOL
I'm all for rolling the dice on a speculative play, but wipe the brown off your nose for a hot second and drop the pump talk. We know damn well it doesnt do a thing for the shareprice, so maybe we all act like seasoned investors for once and actually address the good and bad. And in this instance, I truly hope that once the market matures a little more, that spirit leaf teams up with a delivery company and gets with the wave of the future. They already have their JV partner doing online orders in Sask, what makes you think they wont piggy pack off that system and open their own in other provinces... Could easily do it for free if they opened a small percentage of it and rolled it up into the original JV with the MooseJaw partner.
Aleafia just started doing this for all medicinal patients in the greater Toronto area. Dont think that more companies wont do the same... Especially now that farmgate dispensaries have passed legislation. Ontario will be saturated before you know it, and you need to establish brand dominance before that happens... HERE is where the true benefits of the Franchise model come into play.
And while we're on the subject. Lets be real again and not pretend like they're making anything substantial off selling re-branded lighters, grinders and papers. Theres probably a small margin of profit on those for sure, but they're barely even reported in the financials. Probably cost more to report them than they're making... But again, its worth it to get the brand awareness out there.
They need to get off the pot (too good of a pun to pass up) and finally get moving on the SpiritJoint vapes and the like... Currently in Ontario most 510 cartridges are going for $30 - $40. Yet some companies have sales on where you can get them for $19.99. Which leads me to believe theres at least $10-20 that can make in margins selling these. Possibly more if you have the buying power that 47 stores brings.
I dont see the 'in-house' weed strains doing anything for us, as it would have to be the best dang craft grow out there for people to pay a premium for... And lets face it, Sugarbud can barely even get thier act together, let alone grow better than the other LP's. I can see this getting mothballed and cancelled.
They wont get 'exclusive' rights to certain LP's, but they will have agreements with them for prime shelf space and possibly a small kickback in return. Ask yourself how many LP's are selling exclusively to one chain... Its just not happening, they're trying to sell as much as possible to anyone who wants it.