RE:Supreme is an investment ridingrockets wrote:
The only issue with shares outstanding is it gives people fodder imo. Better to think of it as a cheap way in. Me I stayed out of cannabis until 2019. I consume cannabis btw. I did not get on the tweed train nor did I beat myself up over it. Why cause I consume cannabis. The numbers back than was imo reflective of those on E or something. Wow. I like real numbers. Some of my friends were surprised. They seemed to think if anyone hit on Tweed it would have been me. I also had tweed medically for a couple of years. That is the other issue lol Sometimes it was bang on and other times waste of money. This is a big turn off for those that consume. Who wants to spend money and be disappointed? Most of us aren't cash infinite folks. That is what led me to Supreme initially in 2019 over other LPs. Consistent quality product. There issues where marketing and growing the 7 Acres brand. Their focus was wholesale so that was a something something to them. The other reason why I allowed myself to start getting into cannabis in 2019 is that numbers were starting to become easier to come by/forecast and it is no longer just take a guess and hope for the best. That is not an investment strategy that allows you to self manage your own finances imo. With the history Supreme has B2B to CPG - Fowler Nav gone Moore interim shift retail focus Humble & Fume Beena and the knowledge of the consistent product they have. For me last February is when I really started to feel this company. Be patient because Moore is legit and I believed he would get the ship in the right direction is what I told myself. They have solid products more Canadians just need access... Supreme was in a real bad spot, the vultures were circling, there was no knight in shinning armor coming for supreme, they were lining up to pick us clean. Moore busted out a double barrel sawed off (Beena) she than grabbed a couple of buck shots (2 recent raises) and an extra box of cartridges (ATM readying) now she is about to go vulture hunting! Supreme long for the win. I am ecstatic! I truly believe my patience over the last almost decade with cannabis stocks will pay off for me. The increased retail market share is happening. Their product is consistent. People want value, people want consistency, people get it with Supreme. Good luck to all the other LPs that will put whatever in a package to sell. Supreme for the win. Wholesale production capacity ready to get ramped back up. F&*% the moon, lets go find XENU!
...boy talk about a trip and not leaving the farm....you make some good points...but the Americans will flood the market. Supreme will hjave a niche market but there may be limits...nevertheless at this price it is reasonable....maintain