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They have said a us rollout at previously 500 stores a month, but haven’t revised that number yet.
They said hope to be selling in Europe by the end of the year so that would be on top of whatever the US rollout achieves...
I agree Dave it can/could go quicker. However we have had no guidance/forecast from the Company that it will, we can only realistically go by what they have stated to date.
If it is indeed going to exceed the 500 stores per month then the Company should come out and say so, along with their forecast sales/month etc
I have seen the display cases a few times on twitter, though would like to see some photos of ones out-in-the-wild within stores (except the Leafyquick one long time ago), which we haven't seen yet.
It would also be hugely beneficial for a new Company presentation to be put together so everyone is not second guessing... :)
Yes I agree with HD.
Rollinghand it will go quicker.... won’t be long before they can do organically 1000 stores then 2000 stores a month, if the demand for the product is there and it seems it is.
After all talking about Europe prepping for 2000 stores themselves and online sales there before end of this year.....
Trading Update RNS 05Feb 2020... https://www.lse.co.uk/rns/ZOE/trading-update-mu2fiqgc6h6hn1g.html
"Total stores represented by these two distributors are approximately 12,000. The Company's realistic objective is to supply around 500 new stores per month, subject to customer demand and manufacturing constraints, and so management estimate that it is likely to take up to two years for products to be rolled out across the entire network. Zoetic has recently been selling between two and three packs of each of the chew pouches and smokables per store, per day, where they are currently stocked. However, these have been achieved with the products being placed on shelves with multiple other brands. Moving forward, the Company is introducing display cases which hold 48 of its products. These are typically placed on the sales counter and, by increasing brand awareness, management estimates that the introduction of these cases could potentially double daily sales given the prominence they give to the Chill brand and products."
12,000 US stores by March 2021??
Think if you check previous RNSs the rollout, which hasn't started yet, is up to 500 stores per month. It is mentioned, I think, that 12000 stores would take approx 2 years.
A refinement of your calcs taking this into consideration might benefit....
I think you need to halve your sales and gross profit figures, Mozax. As I understand it, $10/unit is current retail, and via distributors we sell at more like $5 and make gross profit of around $2.5/unit. Online we should do better.
Back of fag/CBD packet Conservative figures by March 2021.
12000 US Stores.
13000 European Stores ( Less than1000 per Country for conservative figures)
25000 outlets.
10 units Per store per day.
250,000 Units per day at $10USD/Unit.
or $2.5M per day.
Or $910M p.a.
And this is Not incl. any Trading from our recent European distributor Established E-commerce business.
GP is circa 50%.
Watch the SP grow to catch up with the story.
DYOR etc.