Wednesday, March 06, 2019 3:13:34 PM
Low ass float for 1.
I was offered a management position at their Seattle location before it opened. I declined the offer because I had been working in legal cannabis for 2 years and I blew right away that their business model is not going to work.
Here is the store earnings
https://502data.com/license/423754
On one hand, the revenue they are bringing in is relatively low for a high-end pot store in the area. My store averages twice the revenue. If they haven't changed their practices then I don't see them as a long-term fixture in Seattle marijuana.
All that said, they are doing over a million in revenues a year, that should be enough to send this ticker to space.
I also got a bad vibe from management in general. Someone is pocketing a lot of money oh, trust me, it isn't the employees, it isn't share price either.
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