Wednesday, May 01, 2019 5:34:51 PM
UP 60% but stock nose dives down.
It because most people don't have an understanding about Cannabis industry. Institutions are becoming very wise very fast.
Numbers are fuzzy..
What your not reading is on 4/20 (420) its all about deals deals deals. Avg ticket was only $23.00 per person, Normally $50 for Oasis and thats low. (Normal stores in Nevada is $75-99 per customer.
On this day the store deals were buy one pre roll get another for free (bogos).
It's a day to attract new customers to the stores. A marketing day. The free product that they give away ---They pay for so that isn't ----
Thats not accounted for in their 50% margins..
420 sounds good but it can be a bust for stores. But the ones that are public just want to brag about
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