Key Highlights: Return on investment (ROI) is the dollar value generated divided by the dollar cost For cannabis stores and dispensaries, the two main ways to generate dollar value are: Make more money by increasing total revenues and growing gross margins Spend less money by decreasing inventory cost and minimizing people cost It’s also [...]
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So far Henry F has created 36 blog entries.
Key Highlights: Every modern cannabis business needs data tools to survive and thrive There are three main data solutions for cannabis businesses: Build in-house using existing employees or hiring new talent Hiring a consultant for a project or on retainer Working with a dedicated data vendor with pre-built software and data tools To pick [...]
Key Highlights:Managing inventory is about keeping the right products and the right amount of the right products on your shelf, at the right time.Vertically integrated companies must connect storefront inventory to their internal supply chain quantities and timelinesUnderstanding seasonality and forecasting short- and long-term demand can dramatically improve planning and profitsThis article was written in [...]
Key Highlights: UPDATE: Our currently live campaign raised >$50,000 in the first week! Institutional capital (VCs, family offices, and angels) takes a lot of time Crowdfunding engages a different type of investor Cannabis industry has seen some success on crowdfunding platforms In mid May we launched our MicroVentures [...]
Key Highlights: Conversation on Dan Humiston's podcast called "MJ Bulls - Raising Cannabis Capital" To connect with MJ Bulls, check out any of their other channels: Linkedin - Dan Humiston & MJ Bulls company page Twitter Instagram - Dan Humiston & MJBulls podcast Facebook - Dan Humiston & MJBulls podcast YouTube Listen to the podcast [...]
Key Highlights: Conversation on Bruce Eckfeldt's podcast called "Thinking Outside the Bud" Listen to the podcast recording
Key Highlights: Customer acquisition cost (CAC) is the total cost associated with convincing a potential customer to purchase a product in your store Recency, frequency, and monetary (RFM) is a scoring rubric to identify your highest value customers Customer lifetime value (LTV) is a future prediction of the total amount of revenue you expect [...]
Key Highlights: Conversation on CanopyBoulder's podcast called "Cannabis Business Podcast" Listen to the podcast recording
Key Highlights: Navigating potential cannabis deals is incredibly complex, time-consuming, and expensive Investors with a data-driven deal flow methodology will yield higher returns with less time and money wasted on poor fits A data-driven investor thesis empowers fund managers to correlate success metrics for pipeline review Investors with a clear, specific, data-driven thesis can [...]
Key Highlights: Conversation on Tim Strombel's podcast called "Rootd" Listen to the podcast recording