RE:RE:RE:RE:Revenue Per StoreNumbers999 - that is an incorrect statement I believe (that BC isnt allowing LPs to own stores). They can own stores, but as per the old rules, and there may be new ones, the LPs arent allowed to sell their own product in the stores they own. Sounds silly to me. Wondering how this will play out and if that rule will be changed ultimately.
Numbers999 wrote: Depends on the model. BC is not allowing LPs to own stores. Ontario will still wholesale to stores so anyone opening a store if it is an LP could potentially be wholesaling to province who will add their mark up and ship it to the store. So LP would get wholesale let’s say maybe $4 then the profit from cost maybe 10% mark up. It all depends if and how it’s rolled out. It won’t be simple full profit. You also have cost of building and staffing it. I am long term canopy holder and love where this company is going but the retail side is not as profitable as retail minus cost of growing equals profit.
INVSTIGAT0R wrote: Someone correct me if I'm wrong but if we simply sold to government stores we'd report the wholesale costs of selling to those stores as revenue. But if Canopy owns stores we'd be reporting the retail sales as revenue correct? So instead of reporting $4/gram in sales we'd be reporting $7-$10 per gram in our stores specifically revenue wise?