Expectations for EarningsHey all, long time accredited retail investor (20 plus years), just here to give my opinion on Supreme Cannabis.
I think a lot of you are expecting Q4 to be in the 8-10mil range, which would be nice. However, I expect earnings to fall in the 7-8mil range this quarter due to fair value adjustments on biological assets and re-pricing of current inventory.
I am excited to see someone of Beena's calibre running this company now, instead of some clowns with no idea how to read a market. The financings and debentures seem to be less of an issue now as a going concern. Seeing the lenders agree to lifting the restricted cash covenant is always a bonus.
Supreme seems to have added quite a few SKUs as of late, and they all seem to be relatively popular amongst users. Value add products like their Craft Collective (which is just rebranded 3rd party (or related party) cannabis) and their derivatives seem to be selling out often. Jack Haze (proprietary phenotype) is astounding, and easily one of the best "designer" cultivars on the market.
I think at this current share price level, there isn't much risk going forward. For all of you long term holders that haven't averaged down, it could be a long haul. As some of the bears have stated, the current share structure isn't the best for an appreciation of the share price.
Q1 of the 2021 year will be the earnings release most are waiting for. It will be the first full quarter of the restructure, less covid related hiccups, and a full line of SKUs with their production timing corrected.
Hard to not buy this LP at these prices.