RE: Podcast. Analysis of Zoetic trading update!4 Oct 2019 11:53
Actually that podcast guy is far to careful about Zoetic sales expansion:
RNS gives you the answer: ''In the CBD division, sales comprise those made in the 67 stores in the US and those made online in the UK through www.zoetic.uk.com. We expect a very different profile in the second half of our financial year. These are early days for the business, but, now that we have a considerable range of stores across different locations, we are gathering key data points in respect to price and product placement.''
Cash in coffers: ''Cash balances at 30 September 2019 were a little over £1.0 million and this is being supplemented by revenues from our two divisions and also refunds of our performance bonds. ''
''The highest margins of Zoetic International's business are in seed production and retail sales.''
''In the UK, Zoetic International is expanding its product lines. We will shortly add softgels to our range of CBD tinctures and, thereafter, will launch a range of massage oils and cosmetics as Zoetic UK continues to position itself as an aspirational brand. We expect our initial range of such products to be available before Christmas this year. Zoetic UK signed up its first retail store following a very successful attendance at the Hemp & CBD Expo in September. On the back of its move into topical products, the Company has also this week appointed a distributor for the north of England. In the meantime, we continue to develop our discussions with other retailers and distributors so that the Company is well positioned to capitalise on its enlarged product range in the coming months.''
Mr. Checkout will initially supply Chill products to 15 distributors and, assuming a successful trial, this could extend further into their network. It represents products in over 60 major retailers in the US and manages 13 industry associations with over 150,000 independent retail members, visiting over 50,000 locations bi-weekly.
Moving into 2020, we also anticipate first sales of our feminised seeds. This has been a complex process, but early signs are that the team's efforts are bearing success. As we expand the techniques we have been developing, we have every reason to believe that we have the capability to become a trusted supplier of significant volumes of feminised seeds on a monthly basis.''
It basically says everything. Future is bright.