RE:RE:RE:RE:RE:RE:CEOAgreed joh, but this is just more of the lowlife swinging over their heads in water....the changes and progression since November have been nothing short of stellar. Not to take away from what Fowler et al put together from the beginning, just that the transition brought the evolution of that base, ground work to the fore and executed on all of those strengths. This has moved the company forward years in just months from just building and planning to reality.
The best part of this excelleration is that the core principals like quality grow practices and quality product at all times with no exception...no corners cut to shelve quality at all tmes and the folks are and will continue be there in droves. This is proving itself out with the rest in the sector as they right size, basically follow the FIREtemplate in more aspects than not.
Like why are we sitting at ~$0.30 on less than a million volume? We have to see the numbers but there looks to be more to come here, only if that is some nice numbers in a couple of weeks and for current quarter but on an ever increasing scale going forward. I am thinking Beena is going to be the perfect fit at the perfect time, JMHO...Opt
johnale wrote: Well - I think most of us here are doing more than just guessing based on a CEO.
Its not so simplistic to say last 2 quarters were bad - this company is terrible. You need to do much better due diligence to really determine the prospects of the company.
The last 2 Quarters (not 4-5 bc we hit 19mil q4 /19) - were poor bc of 3 rooms lost, slow build out and approval of rooms, and a complete cliff dive in the wholesale market - coupled with a very slow transition to CPG and packaging ability. Only installed an automated bottling line in NOVEMBER... where it was being done by hand up to then.... not to mention the whole sector had terrible revenues.
The demand for supremes flower has always been very strong. (branding and quality is excellent, reviews are mostly all amazing) But raising prices too high in october (due to very low rec supply) - put a damper on their transition to rec market.
Just like every demand/supply curve - there is a sweet spot for Supreme to sell out all their flower production. I think it took a quarter to find those price points in each market where their flower will really move.
This was also furthered by an audit by humble and fume who did some market research to see where price would meet exceptional demand for their tier of product.
This quarter - they had significantly more production - (coupled with some cost reductions and automation) - 36500 plants at 73.68g/plant producing saleable flower. Packaging and trimming were not a limiting factor. Plus they had about 7 mil of flower inventory going in.
I won't go on about their other revenue prospects - its all there to find and see.
But with all the anecdotal evidence surrounding the situation, it points to a good quarter.