Monday, July 26, 2021 1:43:20 PM
How can we use the cannabinoids?
How can we use the other things as we extract the distillate of the plant? How can we use the terpenes?
What kinda flavors do we need? Etc.
But that wasnt what jumped out. What made me go, hmmm was an earlier part convo in the interview. Around the 15:30 mark Nirup is talking about the industry. What stood out was how smoothly he drops metrics, and the values he provided, when talking about the ability to roll up the industry:
"The industry was run by a bunch of entrepreneurs, they dont have the level of sophistication to scale."
"Can they run a couple of dispensaries, and keep it profitable, yes."
"But if I want to have a company that has 50 dispensaries, a few farms, a few MIPS, and is gonna be many hundred million dollars in revenues, you need people, process and infrastructure in place to scale and drive efficiencies."
This is why I think Justin seemed excited for the end of the year. I think the 50 dispensaries is the intended target for 2021.
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