Dutchie Cto Chris Ostrowski Says Over 80 Percent Of Transactions Have Some Form Of Discount Attached To It; The Race To The Bottom Model Of Keeping A Customer Is Not Sustainable
Portfolio Pulse from Benzinga Newsdesk
Dutchie's CTO, Chris Ostrowski, highlights that over 80% of transactions in the cannabis industry involve discounts, which he believes is an unsustainable model for customer retention. This suggests potential challenges for companies in the cannabis sector, including those in the MSOS ETF.
October 09, 2024 | 4:35 pm
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The cannabis industry is heavily reliant on discounts, with over 80% of transactions involving them. This unsustainable model could affect companies within the MSOS ETF, potentially impacting their revenue and profitability.
The heavy reliance on discounts in the cannabis industry, as highlighted by Dutchie's CTO, suggests potential revenue and profitability challenges for companies. Since MSOS is an ETF focused on cannabis companies, this could negatively impact its constituents and thus its performance.
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IMPORTANCE 60
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