CLB 0.00% $1.10 candy club holdings limited

Ann: Distribution Update, page-5

  1. sle
    10,762 Posts.
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    From the Article:

    "The Company is pleased to announce that it has now secured commitments for chainwide distribution in
    7 national accounts compared to only 2 in August - totaling over 3,000 new doors. As a result of this, and
    continued organic growth in smaller and medium accounts, the total number of distribution doors is
    growing and set to grow rapidly. Based on new account commitments only and excluding organic growth
    Candy Club is on track for its products to be retailing in 7,000+ doors by 30 April '20; a 4x increase from
    31 August '19."

    I suppose the key is how much on an average basis is bought daily?

    If we assume $40 daily at each store 7000x40x6daysx52weeks equals just under $9 million!!

 
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