Choklat is just a writeoff. Just a Sean Money Hole.why?
1. It's just one small rented chocolate store out of hundreds or thousands in Canada. That has never been profitable. (or audited)
2. It's a one man show with a handful of employees.
3. Despite the owner/operators claims of greatness - he has little or no real market or brand awareness beyond Calgary.
4. Even if he did get a licence tomorrow it would make little or no difference. Choklat has no obligation (that we're aware of) to purchase Cannmart supplied raw materials or a reciprocal agreement to sell through Cannmart. Brad Churchill is a scammer and he has no money - so he will be looking for the highest margin customer and that may not be Cannmart.
5. Cannmart didn't wait for Choklat - far from it. They have Cannabis 2.0 products now and they are expanding with other suppliers every day. Choklat isn't even in the mix.
6. Churchill will most likely be pushed out by Meni come this time next year after he defaults on the latest loan - which will give Namaste majority control of the rented chocolat shop and the new processing equipment. At that point they may be able to salvage the equipment Churchill doesn't steal and start a modest edibles business.