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Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.


TSX:FIRE - Post by User

Comment by Fastlane2on Apr 07, 2019 10:32am
202 Views
Post# 29593405

RE:RE:RE:RE:oh Volume.....

RE:RE:RE:RE:oh Volume.....From the outside looking in and the reason I exited the stock (the Transporter) has hit the nail on the head and it's what I've been saying all along, it's not Supreme's business fundamentals, but there is something morally wrong with this company. Is it the way they seem to continue to hire their family and friends? Has the executive team offended anyone with words? Is it arrogance? I don't know the answer but like many on here you need to do your homework and mine was that I can get better results elsewhere. There is some good people on this forum who have debated Supreme's dismal performance and those who think the time is coming and the corner is near but don't confuse frustration with hate, I've been there with many companies (frustrated) and with diligence decided to either sell or hold. Good luck to those holding shares and I sincerely hope that the tide turns for you but for me I'm in the background reading and looking for different opportunities, take care. >>> >> > theTransporter - (4/5/2019 12:11:27 PM) RE:RE:RE:oh Volume..... I'm not arguing that they are not working hard and producing an amazing product and executing well on their business plan. They're doing everything right except appeal to investors. They seem to put out great news releases, but the market simply does not react to them like how investors in other companies react to news releases. They cannot get the volume and the double digit percentage price movements like the others have demonstrated, with follow through for days to come (look at OGI lately) going into blue sky breakouts. Not too sure about you, but I don't like seeing my money not do anything and the management team at the company I have invested in not being capable of translating their hard work into their company's valuation in the marketplace. It's like having an awesome baseball team that can knock it out of the park and winning games, but if you're not selling tickets and filling that stadium, your performance doesn't really matter. Supreme needs to bring in the buyers and sell those tickets. Look as Sunniva (SNN) today. They posted a news release on record preliminary Q1 revenue. They decided not to wait until posting it in their earnings report. Look at the interest that is bringing into their stock today? Supreme today knows what they made in Q2 which just finished on March 31. Why wait until mid-May to show us those revenue numbers? They can do exactly what Sunniva did and on Monday release a preliminary Q2 report on revenue. Now is the time to do it during a bullish market (look at the S&P today!). There's a big wave moving pot stocks forward right now (except Supreme) and now is the time to flex some muscle, strut your stuff, and have the stock price react favourable. It will be stupid for them to wait until mid-May to release these numbers considering they most likely will be double of Q1.
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