News: ESE Esense-Lab Signs Distribution Agreement For E-Juice To Vaporspec, page-39

An online search shows that a 10ml vape juice retails from $2usd to $4usd, so $3 to $6 AUDE.

Assuming retailers are making a reasonable margin here ie 100% then wholesale would be $1.50 to $3 AUDE.

Even at 450k bottles that would be a decent top line revenue for a company capped at $4m/EV $2m.

If they get to 5m bottles in year 3 (ie they pass the evaluation period) then this is $7.5m to $15m in top line revenue and a decent profit.

If that’s the case (and it may not be the only deal) then you do the calculations of where the SP might be!

Please DYOR. All imo.

Cheers,
TT