OTCPK:SPLID - Post by User
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LiquidOctopusV2on Sep 11, 2019 12:14pm
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Post# 30116667
RE:RE:RE:RE:PARTNERS WITH DISTRICT 11 TO LAUNCH ST IDES BLUNTS
RE:RE:RE:RE:PARTNERS WITH DISTRICT 11 TO LAUNCH ST IDES BLUNTSI should have read the whole NR, it is the same St. Ides that is owned by Pabst.
LiquidOctopusV2 wrote: District 11 is not known to me but is this St. Ides the same St. Ides that is a brewer owned by Pabst? That St. Ides used to a pretty cool brand - not sure if it still is. Dr Google and I can't seem to get another hit on the name. Chime in if you know better.
I don't care if they're distributing edibles, pre-rolls, cartridges, mints or whatever. As long as they have product moving on and off shelves. The core of a distribution business is volume, even if they have some high margin products. Because they're offering services to their distribution clients this clients are actually a fairly good source of potential revenue outside of the retailers. I'd love to see the Calyx product offer grow and grow.
I dare anyone to try to put a negative spin on this.
mrmonopoly wrote: Definitely happy about them adding to their distribution portfolio, but also confused as to why pre-rolls... They regularly comment on edibles being the high growth area, seem to recall something like 30% growth per year (happy if someone found the correct number here), and pre-rolls is in the range of 5%. Maybe Calyx sees something we don't, or this was just a low hanging fruit in need of distribution.
Bottom line is it's more revenue at a solid marginal rate. Never a bad thing.
Greede wrote: Feels like the first material news in awhile. Glad this is unrelated to vaping but just what classic users still buy. Maybe this will move things a penny or two, after all this is a Calyx NR....which is who WE are now. https://ca.finance.yahoo.com/news/nutritional-high-partners-district-11-113000187.html