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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 StayInvestedon Nov 18, 2020 8:13am
158 Views
Post# 31920745

RE:Supreme's contradiction in less than 2 months

RE:Supreme's contradiction in less than 2 monthsNo he did not state that last quarter, he stated inventory would not grow above those levels going forward. The inventory writedown this quarter was "aged stock being disposed of". Which means they were just throwing out old finished goods. Probably a good sign going forward as they more than likely have their run rate figured out. Cash burn in Q2 should be flat, as I expect earnings (.5-1mil) and revenue to probably increase another 20-25%. 

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