Westleaf Inc. WSLFF

Store earnings

[Philwauke]

https://www.prnewswire.com/news-releases/westleaf-provides-retail-update-and-next-store-developments-300946076.html

[HeryRunFst1]

This post has been removed in accordance with Community Policy

[SoCalLife]

Big #'s from the retail stores ! if each does just over 250,000 a month, we're looking at over 750,000 a Q each.  They're now going to be running with 6 store next Q so 4,500,000 a Q from those stores alone.... plus extraction income and then the production facility at 7500kg per year.... WOW! Flying under the radar here ladies and gents!      

[forfun]

Oh wow, that's exciting news!... Unfortunately I see a bit of an issue in those same numbers... Westleaf also mentioned that the 2 store's $500K in sales, translated to $200K in profit.  Let's say 6 stores generate 4.5M per Q, or $1.687M per Q in profit (37.5%). How does that $1.687M in profit cancel out the $3.73M in Administration costs per Q? I also enjoy how Westleaf gloats

[Philwauke]

I'm hoping those costs are related to them getting off the ground and they can reduce administrative costs in the future.

[Gametrader]

Isn't profit the money earned after deducting all of the administration costs and other expenses from the gross revenue?

[forfun]

You're correct.  Profit is the money earned after deducting expenses.  The challenge is that the numbers released were for specific stores, and stores only.  When you add in the additional Admin/Marketing costs of the company (outside of the stores), the ink quickly turns to red.   There's been a lot of posters who have brought this up in the past 6 months, but