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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) > Great news - no love though
View:
Post by theTransporter on Dec 18, 2019 9:45am

Great news - no love though

Stock price is stagnent.  Market doesn't care for this.
Comment by Fastlane2 on Dec 18, 2019 3:17pm
Spoke with a trader today in downtown Toronto during a business trip, I asked him straight out what the heck was wrong with Supreme? He told me it was a retail stock and not a front runner yet. The company failed with the B2B model and it failed to promote itself in the early years and it didn't catch the market's eye in time. I asked him about fundamentals, his response was that things ...more  
Comment by Go0B3r on Dec 18, 2019 5:29pm
I suspect up until now they haven't been as transparent as they could have been because of the B2B model FL.  The B2B model had left them in a position of negotiating the price of their products to their competitors for both Flower and Trim.  I believe it was counter intuitive for them to put these number out to the public(other then an average price in their earnings) because ...more  
Comment by MOshowme on Dec 18, 2019 10:53pm
Fastlane 2, thank you for sharing your conversation with a trader in Toronto. Whoever you talked to did a great job of explaining the obstacles Supreme needs to get past from here on.  Do you think this is how Amazon and Microsoft started?
Comment by OptGreen on Dec 19, 2019 12:40am
That sounds pretty close Fast, it follows the timeline from when sales/production started to pick up, through guidance, LOC, etc....the B2B had to go, never did like that plan even with the solace of minimal cost of production, but the B2B should have allowed for much more grow and in turn much higher sales? No they just weren't carrying enough area under crop and obviously no large client ...more  
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