RE:EVERYTHING MUST GO.. Stay away from FAF With close to $40M in cash and close to profitability, why would you chase a miracle here where they are forced to sell assets to keep the lights on? Less than 2,000 orders in almost three months? They haven't even grossed one months expenses and that's before their margin and the super expensive add campaign they now have.
bottom line is they need ten fold sales within 12 months to stay afloat
whisky11 wrote:
whisky11:Now you know why LFST enter wellness. Exactly what Meni predicted three years ago.
EVERYTHING MUST GO
Cannabis retailers in both Canada and the US are slashing prices more than ever
Store operators on both sides of the border are selling products at deeper discounts than ever, according to MJBizDaily
Per data collected by Headset:
Discounts on flower in Washington state reached 23% in April
Discounts on flower in Nevada totalled more than 20%
Discounts in Canadian provinces are lower, but higher than they’ve ever been: Ontario’s topped at 4.1% in April
Krista Raymer, founder of Toronto’s Vetrina Group, attributes the trend to the huge number of brands and products available, which have led to “bulging” inventories of unsold goods.