buy and hold this guy
1- Supreme formerly was focused on wholesale (they wanted to be top quality wholesale supplier initially) they were selling price per gram higher than others due to consistency and quality. Needless to say appx 1.5/2 years ago there was a high supply (which continues) available crashing pp/g and thus Supremes spiral truly began. Me, unfortunately I started buying in around maybe early/mid 2019 or so due to quality of product and wanting to throw a dart on a company.
2- When C. Moore stepped in on the interim last Feb. I started to average down. Why? Retail knowledge experience. I started to get excited again. This time last year was the initial shakeup. Beena was brought on fulltime around 3ish months after. Supreme was already on its way to transitioning from wholesale to CPG as well Supreme started to right size it operations and had most of the leg work completed last June.
3- With the rise in brick and mortar stores, humble and fume relationship (which is massive), right sized operations and a strong focus on retail Supreme is well positioned to continue it's retail market growth. If you read the quarterlys and take into consideration the shift in focus coupled with humble and fume which assists in more listings. We are likely in/available NOW at about 85% of dispensaries in Canada I would guess. Simply put there is little reason to believe we won't continue growing. This is slowly happening and is reflective in the quarterly's. Quality of product (me two years now enjoying 7 acres products) quality price will attract customer loyalty. Think simple. We are slowly approaching around 1500 dispensaries in Canada. We will likely in the future sell at least 20 units a day at the locations we are in. We already do more in the two locations I visit. Soon we can be in the 10+ million units sold (prerolls,hq,q,hash,vapes,rosin a year. More strains and concentrates (bevs would be nice) and the sales can be higher. This is not stupid stoner numbers. This is realistic approach based on price/quality and consistency of product, reasonable figure of people who consume cannabi and number of locations we are available at.
4- I keep buying a few more and a few more. stopping now I think??? I don't know what to say to others who just go in at the .50ish marker or so other than grab a pre-roll, ideally of the 7 acres variety, and chill. This company has money in the bank and is all but break even. Next quarter wholesale will be down (Israel) per the shareholder call but I believe our retail will continue to show growth and that will be the big moment we need to start the move up. But you do you, no guarantees in life but me I am extremely happy these days with FIRE:CT and can chill another few quarters before I start to think about selling.