Supreme Cannabis Company Inc. (The) T.FIRE

regarding the complete Canadian industry

[jpm59]

check out the post on APH's board regarding ACB & read the NASDAQ report ACB SELLING the MEDRELEAF property in Exeter,Ont., ACB production  to drop from an expected 625k kg to 200k kg. The shake up is across the industry, lots of companies shaking up management (TODAY TGOD Pres. gone etc.)  Supreme went in the wrong direction now just to correct it's course. At least they never over extended themselves with millions of acres.As long as a companies product sells & the company keeps cost , expenses,debt under control it should be just fine as a survivor. All these companies are getting straitened out. Supreme is now starting again in a correct direction. Looking for a new re-entry point & I don't expect the next results (Oct-Dec) to be very good but nor with other Canadian companies.The next 3-6 months will be the proof for all of them. Supreme's product appears to be well accepted, as well with some others and not as well as others.Supreme is mid size which is fine, just tighten the finances. JMO, still waiting, could get worse short term, have to see the next report, but I think all will be fine 3-6 months.Thankfully others are literaly going broke and rightfully so & get out of the game, too many players. jmo

[watchmeplz]

It's not the companies that need to get straighten out though, it's the laws and regulation. If we have health Canada involved which it always will be, it's bound to fail unless the LP license open wayyyyy up, even more then the medicinal acmpr personal production licenses. Those licenses aren't going anywhere as Canada got litigated to have them and if the LP licenses aren't

[Go0B3r]

ACMPR license holder can only sell their products into the Medical and BM Watch, and from what I know they aren't doing this legally at all(black market sales).  You wont go into any of the 800+ ontario Cannabis stores opening up in the next two years and see products from the ACMPR producers because thats a legal framework set for personal medical use.  It's also the confusion

[watchmeplz]

ACMPR's arent allowed to sell there product to anyone its supposed to be for personal use, but do you think thats happening? Theres no controls, no sotpping anyone from doing that and the plant count on some facilities are 2000+ plants! Its your competition on the black market side, its why there's a crazy over abundance of cannabis and we just started legalization a year ago. If these

[Go0B3r]

I agree, lets see government start by removing dispensary store fronts, and then come up with some legal framework to start reducing the amount of Cannabis people are able to grow under the ACMPR licenses.  You see this happening already, but something tells me you don't think it's a possibility.  Would love to know why or what research you've done on this to suggest

[watchmeplz]

Imo, There's little chance. Read how Canada got here in the first place, Canada never wanted it fully legal (well conservatives didn't, treadeau just had no clue about it coming into power) the LP program was a Hail Mary to combat the then MMAR licenses. If you read the details from the 2001 and 2013 court cases you'll understand why it can't be overturned and why it's here to

[watchmeplz]

Just so you can understand a bit more, with links below. While this court case proceeds we all wait until theres a verdict, its very unlikely any other cases will proceed before this with regards to illegal dispensaries. So when current illegal dispensaries get busted and get held up in court the prosecutor is going to tell the cops to stop arresting the dispensaries until this, and many more

[Go0B3r]

Thanks Watch, didn't see this post before I wrote to the original.  I'll dive into it, and hopefully we can have a deeper conversation about this on the same level...

[Go0B3r]

I get your argument here, I do wish you'd expand a little on the details of the court cases from 2001 and 2013.  There has to be some sort of passing of a law that would veto law enforcement from being able to act on the dispensaries due to the trials that took place.  The fine print can't be that generalized, seems off to me...  Hard to know what to search without a little

[weedstocks111]

This post has been removed in accordance with Community Policy

[OptGreen]

Agreed jpm, this is the environment/world that FIRE is a part of and when you look at what is going on for most in the sector FIRE shines brighter than ever...there is nothing but upside for FIRE for some time to come, albeit there will be bumps along the way but not the craters that most of the rest have to deal with. The SP today is of no consequence at all to this company....FIRE has no