RE: Takeover: BAT considering options18 Feb 2021 13:06
Hi chaps, I honestly don't believe that's a good option for ZOE. A read of the last RNS tells us the chill smokes are "outselling famous brands with million-dollar marketing budgets". So that would be BAT's products and others. Why when we have a plan to role out in USA and Europe would we sell now? This quote from the last RNS told me all I needed to know to top up.
Eric Schrader, formerly of Shrader Oil, commented: "With four generations of experience in the convenience store sector, we have seldom had a brand that, with no in store promotional spend, outsells famous brands with million-dollar marketing budgets. This kind of performance is why so many retail groups are keen to carry the Chill brand, and it's easy to come to the conclusion that we have something special here."
We have 10,000 stores on the first stage of roll out and we've been told with little marketing our products are outselling huge brands.
A little maths...
10,000 X $100 profit per store per week = $1m per week = $52m PA.
That's with out looking at any other region or any other part of the business. Just hold these bad boys. This is the most advanced CBD play on the markets when it comes to global roll out of products this year.