Actually, it can't be. Toevs defined velocity as dollars per store, so opening new stores doesn't change the per store dollars being sold.
But it has also cut way back. Towards the end of last year, based on what Toevs had said, the number of stores was between 8,800 and 10,000. He's now saying that they're in 5,000 stores. So they've lost stores - the only reason that stores would drop a product is that the product isn't selling.
Have you done the math, though? $2 million for the quarter (90 days) at 5,000 locations is about $4 per store per day. That's a box or two of product per store per day.
The earlier version of the license agreement was a non exclusive license; it was almost worthless. But they've got to call it Marley Coffee; they'd never call it Rohan Marley Coffee and it's why they use the image of the lion.
But JAMN has several challenges ahead. Their latest cash infusion was $2.5 million and they've already gone through $1.4 million of it. At this rate, their remaining cash won't last longer than the current quarter. And based on their last statement, their current break-even point is $56 million in sales.