Why Supreme Will See Gains of 60%-80% in Stock Price Within ...3 MONTHS!
Read this in an online article today about Supreme Cannabis which should instill some good optimism into current investors;
“Given the current short-term trend, the stock is expected to rise 26.4% during the next 3 months and, with a 90% probability hold a price between $0.32 and $0.71 at the end of this 3-month period.”
So if you hold for 2-3 more months and resistance holds at $.26, which I think became the BMO floor since they invested at $.31 with warrants at $.40.
If it breaks resistance of $.30-$.31, the stock should head upward according to analysts, to the tune of $.70-$1.00 (with an more optimistic view).
They continue to grow with healthy profits in ALL spaces, i.e. Manufacturing, Growing, Supplying National Chains like Shoppers Drug Mart & Retailers like Tilroy.
And they are also shipping internationally (one of a few companies in Canada. So while they made some growing mistakes in a New HUGE Market, they also built up one of the well know brands in Supreme Cannabis which at a $200M Market Cap is completely undervalued! Supreme Cannabis (FIRE: TSE), is now one of the FASTEST growing Cannabis Companies and their New CEO Beena Goldenberg sees the BIG picture, knows where the profits are (which is why BMO gave her the $40M or so), and the stock, once it gets out of the radius of $.265-$.29, should start moving faster and heavier to the upside of $.80-$1.50 if Beena CRUSHES earnings again next quarter and the company now is profitable with a great growth strategy!
Supreme Cannabis (FIRE: TSE, SPRWF: Nasdaq) = Strong Buy for Possible Gains of 40%-80% gains (within 3 months).