Profit Margin of Vending Machine

School Canteen Vendors

• Profit margins for school canteen vendors are low due to price control set by schools for every item.
• Rent is not the main issue suppressing margins, but the inability to set prices.
• Challenges include instability and lack of control over events impacting business.
• Suggestions include removing price control, providing subsidies, and letting students decide.
• Pros of the current canteen system:
  • Free market encourages competitiveness and creativity.
  • Helps kids learn financial management and decision-making.
• Cons include inadequate pricing control, lack of support during holidays, and restricted operations.

Potential of Vending Machines in Schools

• School vending machines can be a lucrative business but require efficiency and careful planning.
• Suggestions for a successful vending machine operation include limiting SKUs, selling top-selling items, and utilizing standalone soda and snack machines.
• Efficient restocking and storage management are crucial for profitability.
• Making use of VendSoft for inventory and location management can be beneficial.
• Tax benefits, self-repair, and strategic decision-making are also highlighted for vending machine operators.

Cannabis Stock - High Tide ($HITI)

• Mixed sentiments on $HITI stock performance and potential.
• Despite positive company growth, the stock price does not reflect the company's success.
• Discussion on past losses, dilution, and lack of shareholder care by the company.
• Belief in company potential amidst cannabis sector challenges.
• Varying opinions from bag holding to considering buying shares.
• Considerations for cautious trading, doing thorough research, and understanding the market context.
• Some express hope for a positive turnaround for $HITI in the future.

These comments highlight the challenges and potential in school canteen vending, vending machine operations, and the cannabis stock market, particularly focusing on High Tide ($HITI).