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Nextleaf Solutions Ltd C.OILS

Alternate Symbol(s):  OILFF

Nextleaf is a federally regulated manufacturer and distributor of cannabis vapes and oils under its prohibition-era brand, Glacial Gold. The Company’s multi-patented ingredient processing technology transforms cannabis and hemp biomass into high-purity distillate at an industrial scale. Nextleaf is a low-cost producer of cannabis oils, and supplies THC and CBD ingredients to partners across Canada. Nextleaf has been issued 19 U.S. patents and over 100 patents globally, on cannabinoid processing.


CSE:OILS - Post by User

Post by LastoftheFrankson Nov 10, 2021 10:22am
145 Views
Post# 34109590

Pot Shop Apocalypse Is Irrelevant

Pot Shop Apocalypse Is IrrelevantRetail store closures are irrelevant to cannabis consumption and sales. The current over-saturation of stores means revenues from the local cannabis consumer base are too small per store to maintain the current number of retailers. 

A scale back in retailers does not shrink the overall cannabis consumer market, it just consolidates where consumers spend their money. The retail sector sprawled out on a combo of bad gov't intervention (license lottery + long rollout timeline followed by abrupt ending license lottery + condensing the timeline and focus on rapid deployment) and the flawed notion that because cannabis is now legal everyone would get into it. 

If there are 10 stores on your block today and next year there are 5, the only thing that changes is your walk between stores is 30 seconds longer. Sales and spending by the local consumer base remains stable. 
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