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Thanks Matador. Good to see Leap on a roundtable interview alongside big boys like playtech and inspired entertainment. They are all clearly aware that the metaverse could be big for virtual sports, if the metaverse takes off
https://www.gamblinginsider.com/news/15526/leap-gaming-gets-green-light-from-swedish-regulator
I understand that Vitality are in 4000 UK outlets, aside from online sales. If their products sell for £15 to £30 would it be reasonable to say they make a net profit of £5 per product? If that is the case, and they sell just 2 items per day in each of the 4000 outlets, over say 300 days per year, would that means a profit of £12m. I see that the parent company, Yooma, has a market cap of £11m
I am sure I am way off the mark, but would be interested in the thoughts of others.
This is a quickly growing area
https://www.corporateknights.com/health-and-lifestyle/psychedelic-investing/
A detailed article about Yooma https://www.proactiveinvestors.co.uk/companies/news/973352/yooma-wellness-looks-to-replicate-success-of-management-team-in-cbd-and-wellness-market-973352.html
According to this article, Vitality is the No. 1 UK brand of CBD in over 4000 highstreet outlets https://www.leafie.co.uk/articles/vitality-cbd-feature/
I was a bit concerned that perhaps SWB was not doing so well, especially as the IPO did not go through last summer. However, this article is pretty reassuring https://www.dailymail.co.uk/femail/article-10403019/TikTok-going-wild-affordable-CBD-brand-Love-MeMeMe-heres-discount.html