RE:RE:RE:Ppl confusedWolf85 wrote: $3.1M in retail sales during Q4 which was not a full quarter for retail (illegal first 17 days of Oct). St V was the only store open in Q4, so depends how you think sales will trend. If you flatline it, $15.2M annual sales from the store. If sales increase 30%, I could see $20M annually.
Add an addtional 2 stores worth of revenue in Q2 2019, and a third store in Q3 2019. Seems $50M retail revenue is a possibility for 2019.
The margins are better on the wholesale if Pharmasave starts moving product too.
The retail is lower than anticipated, currently selling about $35,000/day for the 3 stores. If we factor in monthly store 5% increase we can reach $13,500,000 for the Cannabis retail side for 2019.
Wholesale was stated to be about the same as retail so let’s assume $10,000,000. That is likely to increase as new supply agreements expand to other jurisdictions.
Pretty hard to reach $50,000,000 for 2019. One can hope.
$25,000,000 is more than likely the number for 2019.