Supreme Cannabis Company Inc. (The) T.FIRE

The Real Story

[johnale]

So it took a lot of digging but apparently FIRE gave guidance to analysts after the last quarter that the next 2 quarters will have flat sales. 

Provincial retailers are sowing buying to make room for inventory for cannabis 2.0 products. 
(less fire product - aka - price increase on OCS) 

Even though FIRE is ramping up (24/25 rooms HC approved) they are stockpiling for vapes/oils and pre-rolls (see most recent news) (higher margin products at least) 

apparently 70% of FIRE sales are still wholesale and transitioning to full retail is going to cause some bumps in the short term IMO. 

Current estimates are 
Q1 - 21mil 
Q2 - 26 mil 
Q3 - 47.8 mil  
Q4 - 56.4 mil 

150mil guidance.. 

Huge jump in Q3 (jan/feb/mar) sales as their products hit the market. 

DONT expect an amazing Quarter - analysts expect flat sales and thats why we are at .80 cents. 
This is already priced in..... 

Once we get to Jan - money should be rolling in - and hopefully we start to move back up to 2+ and beyond. 

Just sharing ..

[WCoyote]

Can you sahre links to your sources?

[johnale]

B of A last analyst report - (lowest rating on supreme - but gives a good idea as to why we are facing so much pressure)  We are lowering our rating on Supreme (YFIRE) to Underperform from Buy with our PO to C$1.25 from C$2.50 on a cut in our target multiple to 2x CY20e sales (was 4x) and no revision to our estimates which we recently revised at earnings. While we view Supreme as one

[WCoyote]

Thanks.

[Dangles19]

where is this online it doesnt exist anywhere? Googled b of a rating for supreme and its still a buy haha

[OptGreen]

Good info joh, it is still an estimate of what is yet to unfold of which could be better but worse as well....to cut the target SP in half on analysis of the unknown seems on the harsh side. The sales numbers are going to speak the facts and if they are north of $25mil, or even slightly on the light side, for last quarter....add the oils side and KKherb will definately be a hit from what I have

[Dangles19]

I still dont see that article anywhere online that joh posted. Far as i see it its made up.

[buddalover]

Market manipulation, big dogs buying in on the cheap o ya.