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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 Dec 18, 2019 3:17pm
268 Views
Post# 30469651

RE:Great news - no love though

RE:Great news - no love thoughSpoke with a trader today in downtown Toronto during a business trip, I asked him straight out what the heck was wrong with Supreme? He told me it was a retail stock and not a front runner yet. The company failed with the B2B model and it failed to promote itself in the early years and it didn't catch the market's eye in time. I asked him about fundamentals, his response was that things were turning around and there is interest but Nav has to prove to the market that it can stand alone with it's earnings. He told me that Ontario is key for market penetration and distribution across all sectors matters (happening now). He had mentioned that 2020 is a make or break for Supreme and that market participants (fund managers) won't touch the stock until earnings are positive and consistant. One note he had commented on was the fact that Supreme isn't transparent with 'quantity sold'. He really liked that the board of directors is seeing a facelift, he said that it was due and refreshing. GL.
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