CSE:PLNT.X - Post by User
Post by
BlameOGon Feb 11, 2020 7:17pm
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Post# 30677261
2018 Q2 sales 190,116
2018 Q2 sales 190,116 Q3 sales reached 1,895,751 so that is a positive. So an increase of over 900% in revenue in a 15 month period. Considering they may have 44 000 retail locations in South America in less then two years, I could forsee some huge growth in sales to come.
If each location of the 44 000 could sell 100 dollars worth of products per month that would generate 52 Million in income just from SA. Add in sales from Europe USA and the online ecommerce and sales may top 100 million in less then three years.
Will they have products in all 44 000 potential locations. Will they get 44 000 retail locations selling their product, that is the question. Sales are increasing at an expotential rate, can this be sustained.
Gamblers will to take a risk may get paid off HUGELY, cautious investors who wait till sales and profits look better may miss out on some gains but will have much less risk. This company could be primed for a buy out if sales keep increasing. With sales of 50 Million a buy out of 200 million would seem about right. Making the saher price close to 2CDN per share.
High risk = high reward and this is no exception. If Q4 sales increase again then I would say the product is building a following and is on the cusp of a breakout if they can get their products into more locations. !!!!!