Saturday, March 25, 2023 9:22:45 PM
According to a 2018 industry report, 153,237 convenience stores are operating in the U.S. These stores generated $616.3 billion in sales for an average of nearly $4 million per store.
https://smallbusiness.chron.com/average-gross-revenue-convenience-store-35712.html
Why can't GC, with its "national footprint" of 15 different SKUs, generate the average annual revenue of a single convenience store? Why does anyone invested in this 4-year-old "water company" expect anything less at this point?
Greene Concepts Inc Completes Acquisition of Mammoth Ventures Inc and its 60,000 sq ft Bottling Facility to Focus on CBD, pH Balanced and Other Enhanced BeveragesPress Release | 02/07/2019
They have had 4 years and are still trying to find a way to not have point of production costs of around 75% of revenue and can't keep revenue steady.
FOUR FREAKING YEARS!
My posts are my opinion and nothing more. You should always do your own DD and do not buy any stock or anything else simply based on what I say.
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