Nextleaf Solutions Ltd C.OILS

You’re not excited enough about Ontario

[Buyhigheatchips]

https://twitter.com/matt_lamers/status/1516081281351704591

[shneps]

If OILS can gain a position in the vape market of Ontario the stats are very good. Vapes in BC are 12.78% of a $52.2M market or $6.67M. Vapes in ON are 15.04% of a $156.28M market or $23.5M Or a 353% higher exposure rate to potential revenues. We just want to start with a piece of that for sure.

[Buyhigheatchips]

These are monthly figures for anyone that's wondering...  

[AuroraAurora]

What % of vape sales in BC would we estimate OILS has? If we take the conservative figure of their $300,000 in sales of Glacial Gold I'm BC in the first 4 weeks, assume there hasn't been further market penetration (which there has been), and multiple that by 12 for the months in a year, we get $3,600,000 in sales in BC. If we take 3,600,000 and divide it by the BC annual sales of $52,200

[AuroraAurora]

Looks like my calculations were off because those were monthly figures. Needless to say though, the opportunity in ON is enormous. 

[AuroraAurora]

Let me try this again lol (and someone correct me if I made errors, as math isn't my fort): - Total vape sales in BC: $6,670,000/month - Total vape sales in ON: $23,500,000/month A March 1 news release (https://finance.yahoo.com/news/nextleaf-announces-fiscal-2022-first-133000671.html) shows that in its first 3 months in BC it became the #7 brand in oils by revenue (5.5% of the BC

[shneps]

I see where you are going Aurora. Only real comment I would make is that the Ontario sales won't be as high right out of the gate. Your comment as to BC being Nextleaf's backyard is correct. But, as with everywhere, value and quality will catch on quickly. Hopefully with the releases in Ontario our sales team will have their feet on the ground and pushing the Glacial Gold culture.

[AuroraAurora]

Very good points Shneps