RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:from 2018. and 2019randomtask wrote: Also, to insinuate that if one product doesn't sell, another will is a pretty dangerous assumption. If Canadian Tire is out of grass seed i go to Home Depot, i don't buy a hot tob instead.
Terrible analogy there, not at all what he was saying. He wasn't saying "If CannMart is out of stock in one product then people will buy something else", he was saying "As consumer trends change over time, what CannMart sells to customers will also change". And that's a very good thing.
For someone as detail oriented as you, I'm surprised you missed on such an obvious comment.
Compare the response when your average flower-growing LP discovers 60% of the customers want edibles or vape carts, and they can't produce those by themselves?
That's when they partner up with CannMart, and CannMart Labs, and get to work producing and selling whatever the customers wants. All these smaller farming LPs can't afford to spend $2 million + staffing on a processing facility, when they're already struggling with debt or poor revenues. So what do they do? They outsource to CannMart who already has that capability. They earn lower margins selling their flower to CannMart, but they reach a much larger target audience, and therefore sell more product overall than they could have done on their own.
As long as CannMart can continue to work out deals with
popular brands, it will become a self-feeding entity. Growing because it's growing. The more LPs CannMart consigns, the more customers will use the platform, and the more LPs will want to have their products on that platform. That's literally the reason why brands want to be on OCS and other big government stores right now, as they have by far the most
potential customers.
Smaller LPs growing flower are not in the same universe competing with Namaste Technologies over the long haul. There's no competition. CannMart can produce a mutually beneficial situation for these companies, so everyone wins. That's why CannMart will grow more rapidly than any other LP
down the road. How many partnerships do other companies have? What other cannabis company has dozens of partners? CannMart will soon enough have 100+ partners. CannMart helps LPs sell more of their product, why would they not want to partner up?
The more brands that are distributed via CannMart, the more brands will want to be on the platform. This creates a snowball effect feeding into itself. I think profitibility will come quite quickly, when it does finally come. Perhaps 2 years down the road: a huge influx of brands to CannMart, followed by a flood of customers via word-of-mouth, followed by even more brands jumping onto the bandwagon. I intend to be riding that bandwagon, gripping my piles of shares/warrants.
I also see governments relaxing online cannabis sales laws, which would be a huge boost for CannMart. Even if provinces allow online sales, most other LPs will be stuck selling their own limited 3-12 products. Or... they could partner up and consign with CannMart, and suddenly be on a huge platform with hundreds of brands and thousands of potential customers. Findify integration will further facilitate matching specific customer needs to specific products in the catalog. Findify is fantastic as the site grows larger, it helps increase overall sales, and increase customer satisfaction. Namaste Technologies and Meni Morim are two steps ahead of the game.
Who better to run an online e-commerce store than the engineer of Findify?
His app is literally built on maximising customer satisfaction, increasing online revenue, and being mutually beneficial for Findify and the companies that partner with them -- just like CannMart. Meni as CEO for N is a match made in heaven!