Home > Boards > Canadian > Cannabis > Inner Spirit Holdings (CNSX:ISH)

So their 1 Ontario store alone is on

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
doogdilinger Member Profile
Member Level 
Followed By 2,454
Posts 173,530
Boards Moderated 11
Alias Born 02/04/04
160x600 placeholder
doogdilinger Member Level  Tuesday, 04/30/19 08:55:04 AM
Re: Diogenes of Sinope post# 34
Post # of 41 
So their 1 Ontario store alone is on track to generate $1M per month/$12M per annum, and ISH receives 5% or approx. $600K per year, from just 1 store in Ontario...and ISH has another 70 stores all at various stages coming...on top of their 1 Ontario store and 5 Alberta stores already up and running>>>

Quote:
Store sales have exceeded $230,000 in the first seven days of operation

Inner Sprit has an additional five Spiritleaf retail franchise stores open and operating in Calgary, Brooks, St. Albert and Lethbridge, Alberta and in Moose Jaw, Saskatchewan with another 70 locations across the country under various stages of permitting and construction.



So the rough ballpark math so far is ISH has 6 stores open that could be on track to generating $12M each per year for a total of $72M which ISH makes $3.6M on...and if the franchise owners do in fact launch the 70 other stores en route and each store generates $1M per month/$12M per year...then the additional 70 stores will generate a staggering $840M per year of which ISH will make $42M...which added on to the $3.6M per annum revenue run rate from the 6 stores already launched/open...would put ISH on track to generate just over +$45M per year!

Now all 76 stores won't generate $1M per month...so even if we cut those sales by a full -50% we're still looking at ISH generating $22.5M in per annum revenue...and -50% is too steep of a cut as the lowest average stores may only generate $500K per month which should equate to the average store generating somewhere north of +$6 to $7M per year at the very least...so it's completely safe to assume that by this time next year ISH will definitely be generating somewhere north of $25M per annum from their 76 retail MJ stores...and whatever success they generate in Canada they can easily replicate in all the countries around the world they enter with the exact same franchise biz model they've deployed in Canada.

So ISH may continue to fly way under the radar but that's definitely going to be changing by this point next year, and especially over the next 5 to 10 years that follow!

I can easily see ISH generating over +$100M per annum by 2023 by just being in 5 countries total, and by then the snowball effect in countries around the world that are legalizing recreational MJ will be growing exponentially, so for sure ISH represents a hidden gem long term investment in the MJ sector for those who really do all the available due on this one and decide to invest with a minimum 5 to 10 year horizon!

.20 cents per share when ISH is barely getting started on generating its initial royalty revenue from a paltry 6 open stores so far is peanuts compared to the immense wave of growth coming in not only Canada(76 stores) over the next full calendar year, but in multiple other countries(minimum 50 stores per country) around the world that follow!






Never buy or sell based on my posts! My posts are just my opinion!
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | 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