Due Diligence - not just for investorsI believe that the announcement for the UK pharmassist partnership is a very big deal and not just because of implied or projected revenue.
This company obviously would have looked into the CBD store partnership that Loop struck with them last year. It's no different than me asking a friend who used a real estate agent, plumber or a lawyer about their competence before deciding to go with them.
So, after doing their DD on Loop, they have decided to go with them for a roll out across their fleet of stores. And, consider this, they feel the solution makes sense for independent locations - this isn't a one size fits all Shopper's Drug Mart - that speaks to how flexible Loop's tech is.
How many CEO's, directors, managers, etc. have used the phrase, "Game Changer" when speaking about Loop's tech?
How many more companies will sign on with loop? Really, isn't their pool of possible clients and sectors endless (it's an ocean)? Whomever uses data to gain insights into their customers, could be a client of Loop.
Have a great day everyone