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 31, 2019 11:52am

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RE:RE:RE:RE:Store earnings

Gametrader wrote: Isn't profit the money earned after deducting all of the administration costs and other expenses from the gross revenue?

You're correct. Profit is the money earned after deducting expenses. The challenge is that the numbers released were for specific stores, and stores only. When you add in the additional Admin/Marketing costs of the company (outside of the stores), the ink quickly turns to red.

There's been a lot of posters who have brought this up in the past 6 months, but there is a ridiculous amount of unneccessary overhead Admin costs (Managers upon Managers, and Executives overtop those Managers). Look at Westleaf's website and the "About Us". There's 22 people listed on their Management Team.

3 retail stores (and a handful of planned future stores) and there's a requirement for a Vice President of Real Estate? Is that a joke?

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