RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming? rwfresh wrote: Why does any profitible private company go public? Growth, scale. Not to increase profit. Growth in this business isn't just stores although I would totally agree that long term that is the goal. OG has built out it's supply chain, online, branding. I can guarentee that there isn't a single person at OG right now thinking about profit. No chance. And that really isn't a problem. Unless you are a private company. This isn't.
Profit is always the goal of every company. Scale/growth is important, obviously, but there is a difference between healthy growth/expansion and just careless scaling. Any company can go public with the hopes of scaling the business -- and I'm sure they would be able to expand, as did OG, off the initial access to more financing. But profit still matters. You are being way too cavalier about this concept. Now that OG has no profits and their growth plan has stagnated due to lack of financing available because clearly no-one wants to invest in a business with their balance sheet, then you start to have big problems.
rwfresh wrote: I'm open to hearing more about Canadian companies that are in the same space and doing better. Would be a good comparison. OG has a market cap of 2.8 lol. It is TINY.
Off the top of my head, I think of Nature's Emporium, Goodness Me, Ambrosia, Whole Foods (which directly competes with them in multiple location areas), and then there's the chain stores which continue to expand their organic selection. A lot more competition than you think in this sector.