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Bullboard - Stock Discussion Forum 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 Discussion

Supreme Cannabis Company Inc. (The) > My thoughts (for what they are worth)
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Post by maritimedreamer on May 14, 2019 7:55am

My thoughts (for what they are worth)

I took the night to soak it in.....This time I did not have high expectations for the quarter, I said 10 and it came in around that....here are my takeaways:
1) 10 mil is respectable people....the 15+ many thought coming, did not but doesn’t make Supreme any less successful....how I see it....7th q over q revenue growth is very good.... good % gains...q over q , yr over yr. 
2) costs are being kept low....even with on-board of considerable # new staff...this was something I brought up b4... Burn rates still good, cash in til still good..... no profit, darn...matter of time. 
3) they did not sell as much as I thought....but average price per g still over 6$ (6.28$) and 2.86$ trim....
NO indication of crop losses, no one knows grow cycle from seed to sale......always expect longer for better product/cure/finish.
4) revenues only based on dried.....oil sales will help (domestic/international)
5)this was still a ‘good q’ not ‘great’...but respectable....


i will will be called a pumper, but why bash a good stock?....they are a failure because how dare they not get higher...but look for yourself and you will see every quarter will only be better and Supreme will only be getting larger and stronger. can we honestly say the same for the rest? Buy, sell, do whatever....but i’m Holding......
Comment by jfogarty12 on May 14, 2019 8:10am
BIDS/ASK  NOW   $1.60
Comment by maritimedreamer on May 14, 2019 8:27am
Yah I see that as well...... 
Comment by brentkosta on May 14, 2019 8:43am
This post has been removed in accordance with Community Policy
Comment by HorsesforCourse on May 14, 2019 9:14am
Question, Could the inventory valuation be the plant in the process of growing and not necessarily product ready to be shipped ?. There should be a valauation placed on the plants in the growth stage. Thoughts?
Comment by brentkosta on May 14, 2019 9:17am
This post has been removed in accordance with Community Policy
Comment by HorsesforCourse on May 14, 2019 10:05am
Ok...thank you
Comment by brentkosta on May 14, 2019 8:15am
This post has been removed in accordance with Community Policy
Comment by OptGreen on May 14, 2019 1:09pm
Taking a little 'in coming' this AM I see md, not surprising but substantiated as there is an explanation and we might get a clearer picture from the conferences starting today with Canaccord...whatever the reasoning it is a long way from threatening the life/ future of the company in any material way, the drop in SP is just MMs picking off the weak hands as nothing has changed in the ...more  
Comment by maritimedreamer on May 14, 2019 1:19pm
As expected opt..... still not happy with the day... games were played from early on when was showing 1.50s...the games are still being played right heavily controlling the stock....it was supreme’s job to push through this manipulation.....these q’s and new grow space don’t seem enough.....frustrated but holding....
Comment by OptGreen on May 14, 2019 2:21pm
The SP levels to day have nothing to do with any negative material change to the company or loss in potential going forward, quite the opposite it is substantially stronger coming out of the quarter than it was at the start...another 110,000ft2 of grow area approved, Cambium Plant Sciences, oils ready for the market, Malta expansion, additions to the BoD and global growth CFO. Fowler makes High ...more  
Comment by George141 on May 14, 2019 3:48pm
..the company can only control their actions...they can not control the actions of others....but we also know that if they stick ti the master plan things will work out...five years ago this stock was 5 cents...it went to the teens rolled back to 8 cents....did a RS...went to .$40 cents....So 5 years later we.re at 2 bucks...and people are panicking. Put your money in a GIC or a mutual fund and ...more  
Comment by Tomharley on May 14, 2019 6:11pm
Your a complete moron. Your trying to justify all supreme shareholders missing the boat on making money. By saying 5 years ago it was .05 cents. Who gives a chit what it was 5 years ago.
Comment by Go0B3r on May 14, 2019 6:39pm
now now tommy boy, your friend toorealistic just got done saying how us longs are "insulting" people on this board.  I'd hate for you to prove him wrong and show the real face of your shorts ;) btw toorealistic3, what happened to toorealistic2?  I guess you have to make multiple accounts when you're playing the game you are.  How many realistics does it take to ...more  
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