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Tren Griffin @trengriffin
, 3 tweets, 2 min read Read on Twitter
“The average cost per gram of weed sold declined to $2.84 in 2017. How much will retail weed prices drop as growers inevitably increase supply? A business has the least control over this variable. The first chart I look at in a S-1 when there is an IPO is: nasdaq.com/markets/ipos/f…
Already GM + sales and marketing is 79% of revenue. G&A and R&D come after that. What if retail price drops 25% or more due to increasing supply? “IPO raised $153M at a $1.43B valuation (70% U.S. investors, 18% Canadian investors and 12% international).
What is Snoop Dogg's view on the microeconomics of weed? 25iq.com/2018/02/17/bus…
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