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Great Choice was selling their electrolyte drink in Dollar Tree stores before RMHB took them over. Couldn't have done much good with it.
I don't like the sound of peds being around kids in the stores.
These guys don't know the difference between cannabinol (CBN) and cannabidiol (CBD).
Nice try Oscar(?) but you need to refrain from the personal abuse and to address issues and facts concerning RMHB for your posts to be acceptable at Investors Hub. The good news is that, unlike the Adi-run pumpfest board, free speech is alive and well here and relevant posts that can be either pro or con are welcome. I know that can infuriate the faithful with their tunnel vision but they need to man up and recognize there are various legitimate points of view possible.
Any views you have on topics like the missing audited financials and the revolving door of accountants, the bloating Outstanding Shares count, the alarming decrease in revenues between 2020 and 2021, the virtual disappearance of several acquired subsidiaries, what the sales by CBD Life are and the real net return they represent to RMHB, what the supposed beneficial effects of CBD really are and your own experience in consuming it etc. etc. The latest could be whether this Great Choice acquisition is such a great choice or its retailing through Dollar Tree stores at a measly $1.25 is a bit of a bummer.
Over to you Oscar(?), let's see what you have that's on topic and can address the named shortcomings and others.
I'm losing count of their number of acquisitions that went nowhere.
Over on the other board they are too frightened to put up relevant info about Great Choice that shows what a dud it's likely to be.
Like you say, at $1.25 there can't be much margin in them. Being stocked at Dollar Tree doesn't sound like they will ever be in the up-market big box chains.
Googling 'pediatric electrolyte' shows there to be dozens of different brands. The stuff must be cheap and simple to make as any chancer can have a go at it. It is even marketed for dogs and cats and whenever that happens you know the con is really on.
I notice Dhubis is careful not to say if they were Dollar stores and what the price was:
"Ok I’ve found/bought Great Choice Pediatric now in CA, AZ, and in Connecticut, that’s west coast and east coast, with Texas in the middle it’s safe to say the product is across the USA! Great job Rocky!"
It could be that the Great Choice drink prior to the RMHB acquisition was a clunker and it's old stock that is dumped in the Dollar Tree store. Note the Amazon customer comment about cracked caps and RMHB is upgrading with a high speed capper.
That being so there must indeed be only a very skinny profit margin. Still a long way to go for RMHB to get to be a gold mine and world class.
The 33.8 fl oz bottle of Parent's Choice Pediatric Electrolyte Solution sells for $3.97 at Walmart. Going by that the 16.9 fl oz Great Choice bottle might sell for around $2, maybe a bit less. Where do you get the $1.25 from?
The single Great Choice Amazon review to date says "Arrived dirty with some of the seals broken. I wouldn't recommend this. Buy the 'real' Pedialyte instead." (It is currently unavailable and not known when it will be back in stock)
The old printing press wore out and they are buying a new one. It's part of the modernization.
The person who found and bought the Great Choice drink in the Dollar Tree store and posted the pic didn't say what the price was. I thought it would be of interest to know and compare with Pedialyte (the real one) and Parent's Choice but my question was apparently considered subversive and deleted.
(Adi thinks it's awesome and way cool which is to put a curse on it if his many failed forecasts are anything to go by.)
From the other board:
The cap of the Parent's Choice Electrolyte Solution bottle says Compare to in small print in blue on blue background and Pedialyte which stands out in bigger white print on the blue background. If you look very carefully you can just make out the minute ® after the 'e' of Pedialyte signifying the trade mark. The game is obviously to confuse buyers into thinking they are buying real Pedialyte® which is apparently the leading brand in the field.
It is called pediatric electrolyte, not pedialyte which is a reserved name coined by another company as Pedialyte®. The other board has made the same error which they muleheadedly refuse to acknowledge and correct. You'd think they'd show more concern to accurately name one of RMHB's products.
The market is apparently directed more to children (as in the pedia prefix) with the emphasis being on vomiting and diarrhea. (Maybe parents should fill the kids up with CBD too just to be on the safe side.)
The same stuff is being sold at Walmart in a lookalike style and also singling out zinc.
https://www.walmart.com/ip/Parent-s-Choice-Grape-Pediatric-Electrolyte-Oral-Solution-33-8-fl-oz/19863398
I hadn't heard the zinc story before. You seem to have a great choice whether you believe it or not.
https://www.mayoclinic.org/diseases-conditions/common-cold/expert-answers/zinc-for-colds/faq-20057769
The Great Choice Pediatric (not Pedialyte®) Electrolyte bottle label proclaims "with ZINC". I don't know what the symptoms of zinc deficiency are but everyone who thinks they experience it needs to head down to the nearest Dollar Tree and buy this brew. Let's hope suspected zinc deficiency is widespread in the community.
Outstanding Shares up another 1 million to 495,379,482
This is a convenient summary of salient numbers from the recently released "Annual Report For the Period Ending: December 31, 2021 and 2020"
For the year ended December 31, 2021
Sales - net $341,751 (2020 $1,316,829) i.e. down 74%
Net loss of $4,857,633 (2020 $7,005,164)
Accumulated deficit of $52,303,215
Stockholders’ deficit of $5,492,964
Working capital deficit of $7,606,580
Total Assets $2,523,820 (2020 $4,248,024)
Total Liabilities $8,020,411 (2020 $5,482,743)
Note: "During the year ended December 31, 2021, the Company’s financial results and operations were not materially adversely impacted by the COVID-19 pandemic."