RE:RE:RE:New Stores In my opinion, when you have so many layers, needing to send product to the province for distribution etc, the lead time to get the product to the consumer and then the money back in the bank is absolutely ridiculous. By the time the consumer gets it the product is yellow and old. The cost on the company to be out of pocket that long is a killer.
Take this thought; how much in additional interest is charged by the bmo loan, per gram, just by having the sales cycle so long? The carrying cost of waiting for the invoice to be paid, it's like a year long process lol.. The bank is the real winner here.. there's no way this survives
with legislation the way it is. I believe the only real hope for you longs is some kind of Hail Mary over in Israel and I hear that route isn't as promising as one would hope. Anyways, all the best you guys need it.
Go0B3r wrote: Next time you're in there ask them why, out of curiosity. Until the OCS goes hands off on delegating, and the cannabis industry becomes more disintermediated, it's going to cause chaos for the retailers. Still wish there was a little more transparency in how the price per gram is handled from producer - OCS - Retail - Consumer.