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Delta 9 Cannabis Inc DLTNF

Delta 9 Cannabis Inc. is a Canada-based vertically integrated cannabis company. The Company operates through three segments: Wholesale Cannabis, Retail Cannabis and Merchandise and Devices, and Business to Business. The Company sells cannabis products through its wholesale and retail sales channels and sells its cannabis growing pods to other businesses. Its cannabis products include dried cannabis and pre-rolled joints. Its edibles and vapes include vape pens and concentrates, edibles, and drinkables. The Company, through its wholly owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis products and operates a 95,000-square-foot Health Canada licensed production facility in Winnipeg, Manitoba, Canada. It also owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. It is focused on producing and selling cannabis oils, extracts, and derivative products.


GREY:DLTNF - Post by User

Bullboard Posts
Post by gnote1on Nov 04, 2020 8:38am
112 Views
Post# 31835006

Revenues per Sq ft.

Revenues per Sq ft.$2000. per sq ft is just an interesting metric thats all, especially when Delta 9 has plans to open up 12 new stores in the next 24 months according to their presentation.  If this metric holds then what will their revenues be in 24 months?  If they continue to reduce the cost of a gram of cannabis what will their revenues be?


From Investopedia

The keytake aways are relevant.

What Is Sales per Square Foot?

The dollar value of sales per square foot has, for many years, been a measure of success in the brick-and-mortar retailing industry. It is simply the average revenue earned for every square foot of sales space.

In the age of "omnichannel" marketing, this number may be less relevant, at least for large retail companies. However, it still can be a critical measure of success to an independent local business.

KEY TAKEAWAYS

  • Sales per square foot is a key measure of success in brick-and-mortar retailing.
  • Managers and analysts consider a higher number to be proof of greater efficiency.
  • The measure is becoming less relevant in today's omnichannel marketing environment.

Bullboard Posts