Followers
0
Following
0
Blog Posts
0
Threads
2
Blogs
Threads
Portfolio
Follower
Following
2 months ago | Report Abuse
I know it's difficult to see the direction of this stock trend is going towards. However, could this be the potential reasons for trend reversal?
"Meanwhile, sales generated from its vape brand, Vuse, stood at less than two per cent of the BAT sales, with the group targeting the new category (Vuse and THP) to achieve 30 per cent of total sales in the next three to five years."
"Currently, Vuse products are available in 6,600 retail outlets and 1,100 vape stores, significantly fewer than the 45,000 outlets for BAT's combustible cigarettes, suggesting more room to grow," it added.
Source: https://www.klsescreener.com/v2/news/view/1278081/challenging-outlook-for-bat-due-to-inconsistent-revenue-sources
Stock: [BAT]: BRITISH AMERICAN TOBACCO (M)
2 months ago | Report Abuse
Williamh, can you elaborate how cannabis for medicine can add value? In my opinion, the use of cannabis for medicine most likely could not cover its shrinking core business due to smaller market.