GREY:INSHF - Post by User
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mtd121215on May 16, 2020 2:26pm
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RE:RE:Inner Spirit has $10.84M continuing ops loss in 2019
RE:RE:Inner Spirit has $10.84M continuing ops loss in 2019Franchises only work when the brand has been established. You cant just create a franchise model in hopes that people will want to buy into that business's brand.
There is no money to be made in retail storefronts in the new digital world. Just money lost building out a brand and infrastructure that won't fly.
Licensed retail sales for Q4 2019 in Canada was approximately 475M, Spiritleaf made, just over a million which accounts for less than 0.25% of market share. At this point, ISH isn't even a player in the game. More like the little kids that get in the way of the big kids playing.