SureTrader
Interactive Brokers Advertisement
Home > Boards > US OTC > Cannabis > CannaSys Inc. (MJTK)

CITIZEN TOKE NEEDS LESS THAN 1% PENETRATION FOR PROFITABILITY

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
sleekscape Member Profile
Member Level 
Followed By 654
Posts 15,739
Boards Moderated 1
Alias Born 03/16/14
160x600 placeholder
Current Report Filing (8-k) "Edgar (US Regulatory)" - 11/16/2017 2:58:00 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 11/15/2017 4:24:02 PM
Information Statement - All Other (definitive) (def 14c) "Edgar (US Regulatory)" - 11/15/2017 3:03:54 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 11/2/2017 5:11:51 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 10/12/2017 5:10:20 PM
Information Statements (revised) (prer14c) "Edgar (US Regulatory)" - 10/12/2017 4:13:39 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 10/10/2017 1:16:48 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 10/4/2017 3:54:32 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 9/27/2017 4:43:38 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 9/27/2017 1:36:55 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 9/25/2017 1:06:08 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 9/22/2017 5:25:40 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 9/22/2017 5:05:04 PM
Proxy Statement - Other Information (preliminary) (pre 14c) "Edgar (US Regulatory)" - 9/22/2017 5:01:25 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/21/2017 12:00:02 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/19/2017 4:31:11 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/7/2017 5:31:35 PM
MJAC 2017 Speaker Update - How venture capital and cryptocurrency are converging as the future of cannabis investing "InvestorsHub NewsWire" - 8/30/2017 10:29:33 PM
PotNetwork Holdings, Inc Confirmed for MJAC 2017 "InvestorsHub NewsWire" - 8/28/2017 10:43:55 AM
MJAC 2017 International Cannabis Conference - Discount Code "InvestorsHub NewsWire" - 8/24/2017 8:40:00 AM
MJAC 2017 - Speaker Update - Investing In The U.S. Cannabis Market "InvestorsHub NewsWire" - 8/22/2017 1:27:13 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 8/18/2017 1:19:20 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 8/15/2017 4:09:26 PM
Withdrawal of Registration Statement (rw) "Edgar (US Regulatory)" - 8/1/2017 6:08:25 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/28/2017 3:09:19 PM
sleekscape Member Level  Sunday, 03/05/17 02:48:30 PM
Re: None
Post # of 53410 
CITIZEN TOKE NEEDS LESS THAN 1% PENETRATION FOR PROFITABILITY

3000 DISPENSARIES IN CA, CO, OR, WA -- THE INITIAL TARGET MARKET

CA: 1250
An estimated 1,250 medical marijuana dispensaries are operating in the state, with sales last year hitting $2.7 billion, according to industry groups.
http://www.latimes.com/politics/la-pol-sac-pot-dispensary-felon-owners-20160513-story.html

CO: 698
There are 698 storefronts you can walk into to buy medical or retail marijuana as of this April 20, more than triple the number Starbucks (216) in the state.
http://www.postindependent.com/news/marijuana/marijuana-by-the-numbers-10-numbers-about-pot-in-colorado-that-dont-include-4-20/

OR: 424
http://projects.oregonlive.com/maps/marijuana/dispensaries

WA: 374
https://502data.com


CITIZEN TOKE ONLY NEEDS 20 DISPENSARIES TO TURN A PROFIT

That is less than 1% -- .7% to be exact -- of the dispensaries in these 4 states that will be the launching ground for CITIZEN TOKE

At 9:35

https://upticknewswire.com/michael-tew-ceo-for-cannasys-talks-banking-industry-verses-the-cannabis-industry-in-america/

"CITIZEN TOKE... has a significant profitability profile. To the extent that we could gain scale relatively quickly... And for us, scale is 20 retailers. Because the product is so profitable, 20 retailers subscribing to the product, which we are pretty close to securing, is break even for us"

This was an interview from November, before the beta launch of CITIZEN TOKE

If CITIZEN TOKE already had 20 stores signed up 4 months ago, I wonder how many dispensaries have subscribed since then?

Remember that they are launching CITIZEN TOKE in partnership with Duby, which has 300 dispensaries signed up to use their business platform

http://www.citizentoke.com

Sleek














Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist