Two significant steps to GLH's success GLH is making two significant steps in 2018 and if it goes as planned, GLH will be a billion$ company in a year or two.
1, Franchise Stores in Canada and USA
To the people who are not familiar to this business model please refer to the following link for more information.
https://www.franchising.com/guides/benefits_of_the_franchise_model.html
Some points to point out here.
- This will allow GLH to expand its brand without using its own money.
- The royalty and franchise fee will be collected and GLH owns 20% of it.
- Most important, all the franchises stores will purchase GLH products (of course at wholesale price). This will significantly boost the GLH revenues when more and more stores are opened.
2, Going into California market by buying an existing license. I believe the to be bought company has nothing worthy but the license will give GLH a shortcut to go into the biggest market in USA.
Franchising is a brilliant idea for GLH to boost revenue. It is like Starbucks early day's in 1980'. Kudos to GLH's CEO.
Good luck to all shareholders!