Westleaf Inc. WSLFF

Westleaf is a Canadian cannabis company focused on cannabis brands, extraction and production of derivatives, wholly owned retail, as well as cannabis cultivation. The Company’s extraction and processing facility, The Plant, will produce high quality and consistent cannabis derivatives and consumables, both for Westleaf’s in-house brands as well as white label products. Westleaf’s retail concept, Prairie Records, leverages the instinctual tie between recreational cannabis and music.

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Westleaf Inc. > Store earnings

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Comment by forfunon Oct 30, 2019 11:07am

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Post# 30286568

RE:RE:Store earnings

Oh wow, that's exciting news!... Unfortunately I see a bit of an issue in those same numbers...

Westleaf also mentioned that the 2 store's $500K in sales, translated to $200K in profit. Let's say 6 stores generate 4.5M per Q, or $1.687M per Q in profit (37.5%).

How does that $1.687M in profit cancel out the $3.73M in Administration costs per Q?

I also enjoy how Westleaf gloats about how great the Alberta market is because of their retail store configuration. An "Open Retail Market" is great for the consumer but tough for businesses. Why would you include the following in a news release? Are they trying to push the positives of an open retail market (more competition)? An open retail market is great for the companies that can stay lean, cut costs and make profit. These are attributes that Westleaf has shown they can't do, lol...

"The retail environment in Alberta continues to lead the country, with now more than 300 retail stores licenced and August sales for the province totaling $24.8 million, a 16.3% month over month increase. With its open retail market, Alberta has accounted for more sales than any other province in the country since legalization, edging out Ontario which has three and half times the population but only a fraction of the stores open. "

SoCalLife wrote:
Big #'s from the retail stores !

if each does just over 250,000 a month, we're looking at over 750,000 a Q each. They're now going to be running with 6 store next Q so 4,500,000 a Q from those stores alone.... plus extraction income and then the production facility at 7500kg per year.... WOW!

Flying under the radar here ladies and gents!

Philwauke wrote:
https://www.prnewswire.com/news-releases/westleaf-provides-retail-update-and-next-store-developments-300946076.html