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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) > This is from page 10 of the financial report, suk it bashers
View:
Post by BRUTUS1 on May 14, 2019 9:34pm

This is from page 10 of the financial report, suk it bashers

Finished goods inventories consist of dried cannabis that is complete and available for sale. Work-in progress inventory includes cannabis, after harvest, in the processing stage. Supplies and seed inventory consists of consumables for use in the transformation of biological assets and other inventory used in production.

you will notice Suprreme does not show plants under grow as inventory, and most of all other companies do, now what does that mean, it means we have 160000 square feet growing that have been given zero value, translations we have approximately 17000 kgs of weed growing that we have expensed but have not taken into account as an asset, now 17000000 grams x 6$, is $98 million in the bank.
Comment by George141 on May 14, 2019 9:42pm
...way to go Brutus...great observation..I kind of suspected something like this...this shows Supreme has confidence to report in a very honest manner. I am sure this will all come out during the conferences. Been here 5 years...and so happy to have my money on Supreme...maintain
Comment by Go0B3r on May 14, 2019 9:57pm
That's right Brutuas, their crops need to reach a certain percentage of their full cycle in order for them to include them in their biological assets category.  Also there is a percentage in each Q-Earnings that show what percentage of the growing cycle all their crops are in.  Wish there was a way to show all this with math, but for the life of me I haven't been able to ...more  
Comment by Go0B3r on May 14, 2019 10:16pm
Finished goods inventories consist of dried cannabis that is complete and available for sale. Work-in progress inventory includes cannabis, after harvest, in the processing stage. Supplies and seed inventory consists of consumables for use in the transformation of biological assets and other inventory used in production. you will notice Suprreme does not show plants under grow as inventory, and ...more  
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