News Focus
News Focus
icon url

RangerPete

10/14/21 10:19 AM

#2931 RE: FUNMAN #2930

I need to write clearer these days. Funman is correct.

Buying six licenses with only one open dispensary and minimum grow is nuts. Rule of thumb, each dispensary requires approximately 12-13,000 sf of grow and production space to keep it fully stocked 97% of the time. The missing three percent usually goes to waste in production runs for oils, etc.

As Funman stated it’s only the tip of the iceberg in costs. A normal dispensary requires an investment of 1.2-million before it opens their door. And in many cases that is low. As for grow and production square footage that runs about $225/sf to build and bring into production.

It’s not a shoe string operation by any means.
icon url

Nelson2

10/15/21 4:34 PM

#2935 RE: FUNMAN #2930

Yes I would agree with you on some level
BUT, from a macro prospective paying a premium now to dominate later is ok with me
Ask Amazon when they were laying their foundation years ago losing huge money, as highlighted by critics, to establish their position today
Unlike Curaleaf they are focusing on the USA solely
And I for one LOVE their business plan

GLTA