Lifeist Wellness Inc V.LFST

I wish Namaste will be low-margin business for sometime

[whisky11]

At least for the next couple years.  Randomtask and   ...obi... can you calculate for me how much Namaste have to increase revenue if today margin was 0% with higher revenue cost of doing business drops dramatically. Little bit more than one year namaste had 24% margins and 
 was in the deep $$tt

..Having a low-margin business is a good way to sell more products or services to more people, or to sell multiple items to the same people. ... Selling premium sandwiches at a higher margin may attract the same number of customers, but it's less likely they will return as often than if the price was more affordable...


@ Oban1... Can you explain the logic in your last post?

You wrote:  I believe in the platform and the concept.

... there is not much profit in selling someone elses weed !
low margins on second hand weed.....

[randomtask]

Do you even know what planet you're on, lying lhama? please do your family a favour and have anyone but yourself manage your money.  The kid pumping your gas, probably has a better grip on business math and reality than you do.  Just stop posting lies and never try to work with numbers again (you're embarrassing yourself and I honestly feel sorry for you). this is where you

[whisky11]

[randomtask]

Just for the record, you are wishing Namaste be low margin for at least a couple of years... you realize that means you'll need multiple rounds of financing to stay in business?  You're talking 1M shares with dilution which would put SP at about $0.13.  You are asking for the share price to drop and potentially for the company to go out of business?  If they can't get

[Oban1kenobi]

Whiskey please stop with the insults when addressing people, you might garner more respect from the entire community/board.  This is not how you create and sustain healthy dialogue, anyone who comes to this specific board will see Namaste supporters being attacked  because they have a difference of opinion with, to be quite frank "you" ? does this really make sense to you

[randomtask]

I agree with most of what you are saying other than that they are faring well against the competition.  Every other publicly traded retailer in Canada (correct me if i'm wrong) has significantly higher revenues and most are 30% with their margins.   HITI had ok financials but watch for FAF Q4, that will tell the story of what a real company is doing.