Smoke Cartel Inc. (fka SMKC)

[greasemonkeyshoes]

from the company latest pr.......
https://www.otcmarkets.com/stock/SMKC/news/AUDITED-Smoke-Cartel-Inc-Annual-Report---December-31-2019?id=272221
material:
These audited financial statements for the year ended December 31, 2019 no longer have a going concern qualification.

After a very challenging year, we have pivoted our business to one that is both sustainable and profitable.(may be less 100% material)

Smoke Cartel now partners with over 50 supplier distributors to offer its customers access to one of the widest ranges of smoking pipes and accessories in the industry.

ps-my favorite is the last one,and all about leveraging the inventory,more the better so to speak.
how:
pre-2020 inventory level was $750k-$1 million,self carry;
post-2020 defacto 3rd party level is likely be $100k+(average per supplier) x 50 or $5 million+.This Amazon like model works and growth come from each new accretive supplier plus new products from all suppliers,new and old.
or
huge multiplier expansion(more revenue) exchange for gross profit erosion,it is a good and calculated way to wager.