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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 johnaleon Sep 24, 2020 10:33pm
190 Views
Post# 31618489

RE:RE:Acceptable

RE:RE:AcceptableStayinvested, method thoughts?  
definitely better revenues than both of you had thought. ( 7-8 / 8.5 mil respectively. ) 

for me - 

positives: 

 - adjusted ebita (excluding the 2.2mil unpaid account) was -1.9mil - not bad 

- 27% increase in net rec sales - with increase in ASP to $5/g 

- terminated KKE agreement with only 200k
(the settlement, the Company settled the outstanding Royalty Payments for Product Licence with a onetime payment of $0.2 million. As a result of the termination, the Company expects to recognize a gain of $6.8 million from the derecognition of the outstanding liability in the period ended September 30, 2020.) 

- shareholders equity at 132mil or .27 cents a share. 

Negatives

writedowns....... 
negative gross margins...... 

- last Q we purchased 1mil in cannabis, this quarter 5.361 (CC?) so possibly for Q1 as well which is booked in production costs this Q. 

- break even revenue seemed to move up - for me 
production cash costs - 15.3mil (may be adjusted down Q1 with less purchases?) 
operations cash costs - 10.001mil
all in 25.3mil?

seems high  

lots of questions for tomorrow for sure...... 


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