Wednesday, April 10, 2024 3:39:35 PM
He said that they want to reach 25 locations in the short term, with a long term goal of 1,000. Although he said that with hesitation. But I have the feeling that is what they want.
He said that the company would likely keep one store, with all others franchised. The company will get 5-6% of gross sales. New locations are opening. However, do to the high cost, the company would not opening in states such as CA and NY.
They will not be going after toxic debt, or loans. To finance expansion the possibility is open to something such as letting the shareholders buy more shares, at a discount to market price. This would happen under the liklyhood the price is over 1.00 and AAGC has opened 100 stores.
Hope this helps.
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