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Re: steve5 post# 2529

Tuesday, 02/15/2011 11:00:47 PM

Tuesday, February 15, 2011 11:00:47 PM

Post# of 6560

an annual revenue of $1 to 2.5 million and employs a staff of approximately 5 to 9.



Revenue and employees are about the same as a medical marijuana dispensary.

Well, Harborside in Oakland does sales of $28M/year, but they're the largest in the state. Your basic mom & pop dispensary will do over a million in sales with 5-9 employees.

{give me props, i deleted the sarcastic expletive}

So, let's say they have revenue of $2M/year. At 20% margin that works out to $400,000/year profit.

$400,000 / 240,077,760 shares issued and outstanding = earnings per share of $0.00166.

$2M sales/year @ 28% profit = $560,000 profit/year ... = $0.0023 earnings per share.

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