GREY:INSHF - Post by User
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HugeHollidayon Dec 13, 2018 7:05am
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Post# 29107888
RE:RE:It's not meant as a bash.
RE:RE:It's not meant as a bash.Jessa7 wrote: I’m kind of surprised you didn’t know about this, was one of the first things I found when I started researching. If memory serves which this was last year so some stuff may be off. Darren Bonder started watchit in Edmonton with one store in the late 90’s, ran it successfully for 18 years growing it to around 30 stores. They were heavy in Alberta, the oil crash happened which put many companies in a tough spot. They used the watchit model as a platform to launch Spiritleaf. It did well for 18 years so hopefully hey keep watchit around, it’s extra revenue as Alberta is starting to get rolling again. This isn’t an accurate figure just a guess, prob 50%+ of cannabis companies are previous oil and gas companies who almost went bankrupt during the oil crash, this isn’t uncommon in this industry, Toweringmars’s friend LOL Teamcannabis, his company relentless resources was a failing oil and hasn’t play that managed to save their business and switch the model.
Honestly not really concerning, poor economy is always bad for retail, Darren ran watchit successfully for 18 years growing it from 1 to 30 stores, he knows what he’s doing. I don’t plan on keeping my shares quite that long lol so for me it’s a non issue
always appreciate your positive reassurance