RE:RE:Expectations for EarningsHey watchmeplz, not sure why you have so much emotion in your post.
Would you mind showing me said LPs? In terms of the 20 or so visible LPs in the Canadian market, they all have awkward share structures (Aphria aside), debt, and low to negative net margins. This is a new industry that is still trying to find traction. Supreme is attractive because of their focus (now at least) on strictly the Canadian flower market (and associated derivatives), low overhead in terms of employee costs (relative, once again), and streamline approach. They have already written off most of the goodwill the accrued during their, shall we say, experimenation phase of Fowler and Nav. They have re-aligned their capital and debt structures, and had covenants lifted recently. We are at peak trough in the overall cannabis market the last few months. Unless you truly believe they are going bankrupt, which I don't, it's hard not to invest right now.
You don't have to agree with me, and you can think I'm a fool. I don't mind at all, I've been wrong before. Once again, I'm not a trader (I use to), I invest and hold for what would seem exceptionally long periods to most on this board, 10-20 years.
I heard the same complaints when I had Netflix at $90, cash burn, unprofitable, etc. I held for a long period, half a decade, and was rewarded. Patience is a virtue.
On another note, check out a book by Benjamin Graham: The Intelligent Investor. I think it would help a lot out on this board.