Member Info for gallini

Yes feet firmly on the ground but this feels different time, but let's wait for that rollout rns then review if £1 maybe too cheap, I have held here since 2016 so I know the pain

Biggest danger getting bought out cheaply under a £1

NT is no longer with Zoetic, next fevertree or monster energy. Who will remember where they were when they could have bought Zoetic at 21.5p in years to come

Per day

12000 stores x 6 packets ( conservative) x say $4.5 dollars profit and you'll know why people are quoting a lot higher than 21p

Read that and do the maths it's crazy potential.

Retail prices for both products will remain in the sub-US$10 range and Zoetic will sell to the distributors at around half of that price. Depending on volumes, the Company expects to earn around a 50% gross margin. 

 

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.

Progress with Mr Checkout has surpassed expectations with one of its partners, AATAC (a US national association comprised of smaller buying groups), expressing interest in taking both the chew pouches and smokables for distribution to its convenience stores in Florida and the surrounding area. Brands represented by AATAC include Gulf, BP, Sunoco, Circle K and Chevron.



In addition, Zoetic has developed interest from New Age Beverages Corporation, a Nasdaq listed distributor of healthy, natural products. New Age Beverages' supplies a number of well recognised brands including Nestea, Xing, Marley, Volvic and Coco Libre. New Age Beverages already distributes CBD and is interested in adding Chill's chew pouches and smokables to its supply chain.



Securing an increase in manufacturing capacity has to date been an impediment to progressing with these distributors, but the Company is now pleased to announce that trials are underway to contract manufacture both the chew pouches and smokables. Furthermore, initial products from these trials have been of very high quality.

The Agreement brings the Company's total number of active distribution agreements in the USA to four, covering over 6,000 retail outlets. Zoetic is prepared to roll out the Chill brand at the rate of around 500 stores per month (as previously announced on 5 February 2020), however this roll out has been delayed by the COVID-19 pandemic, as many retail outlets have been closed or experienced greatly reduced foot traffic (as set out in the announcement of 20 March 2020).

However, it is now becoming clear that lockdown restrictions are being relaxed throughout the USA and the Board has been preparing diligently to ensure it is ready to capitalise on the opportunity. US states are gradually opening back up with plans that incorporate tiered phases. The Company anticipates having an early indication in the coming weeks of how the roll-out plan is progressing.

The Company remains engaged in negotiations with AATAC (as previously announced on 5 February 2020), which are proceeding positively.

RP is out I’m not sure about NT but he knows what’s coming so I imagine he’s still holding

Do some research and you would know

Not really some big money going in, maybe a rollout in imminent

Should be 320m

Plus the shares are shared with the OTC

£25 a share within 5 years

Zoetic also welcomed new regulations around CBD food products from the UK’s Food Standards Agency (FSA), saying the tighter rules will “be to the advantage” of the company as it was “determined to supply only the highest quality products and to ensure that all products meet the required standards”.

The new rules require all CBD food products to submit a "valid novel food authorisation application" by 31 March 2021, although the company said it is “confident that its products will be fully compliant ahead of the deadline

I wouldn't focus too much on the results until March, it's all about the future now

Can’t see it being small PI’s the size of the trades, maybe just savvy investors getting in before a rollout to 5000 US stores

Looks up to me! Freak haha

Don't worry at least you have admitted your mistake move on peace