Supreme Cannabis Company Inc. (The) T.FIRE

The GOOD, the Bad, and the Ugly

[johnale]

THe good - 

Expenses were reduced even lower than i thought. 
Remove amortization and depreciation, one time restructure cost, and share based payments, and you have operating expenses of:
9.5million -  thats great. 

also - did someone exercise warrents at 50cents? 

The Bad

burned through 25 mil in cash? - although they had 25 mil in liabilities last quarter, so i believe the cash burn was still an extension of operating expenses and liabilities from las q. 
liabilities and acc pay are only about 12.5mil now. 

The UGLY

The impairment was likely due to low revenue ramp of bliss and truverra - although if you notice they say this can be reversed. BUT for me - its net revenues of 9.75 mil. 
Thats ugly - despite the bump in march and 4 mil in wholesale - they mustered only 5.75 in rec revenue?? C'mon. Now we know why they need Humble and Fume pimping their products. 
To my eyes - they have no one capable of moving their product internally.  

Overall Disapointed, but continue to be patient as the expenses are right sized to the revenues now, and with the additional SKU's to market there should be revenue growth.  Will give Beena a few quarters to see what she can do.

[johnale]

- looks like they sold cambium facility after q ended. Cash back in till wait for some analyst reports -  they have been dead on so far. Will dictate the next 3 months of trading.  will they be impressed with Beena? She's been on all the calls.  10-14 was estim - they did 11. (9.75 net tax) they also had 0.7 in possible future price reductions baked in - so they sold

[nearnorth101]

I agree John, they need to get their product to market, there is no excuse for it to be sold out on the government websites and retail stores they have lots of inventory. I think (hope) H&F do a great job in getting Supremes products in the stores, going forward they should be able to reach $40M + sales a quarter easily

[watchmeplz]

LOL! In my opinion, next quarter will be good (says every long from $2 down to now). Think realistic here. Not only do they have CRAZY interest charges (just think about how much they need to bring in just to pay interest) but then to pay off the debt, grow as a company, and purchase orders which take months to return back to float. Not to mention the amount of shares outstanding, every tick up is

[nearnorth101]

watchmeplz why are you here , go find another board to play, or go play with yourself, you're an idiot

[Vulcan]

watch ..tommy and these people are here to bring people down.. spread fear.. and short the sht out of the stock for their own gains.. they feed off the flesh of others.. jmho cheers

[watchmeplz]

Not short, and have I lied about anything? Prove me wrong. Truth hurts

[SlyestFox]

same sht goes on on the glh board. Anyone who speaks truthfully about the company gets attacked and called a shorter. Sadly the manipulators run these board and do it in packs.

[Vulcan]

slyefox another new short.. or just a dif handle.. new account.. bla bla. they work in packs like wolves tearing at flesh then blame investors and longs of what . believing in their investment im guilty.. ..

[Orwellian1984]

The same crooked paid basher is now changing forum. This retarded has been fired from multiple forums for lies and bad behaviour. he is a paid content maker which also short the stocks beside it. His accounts get removed and he keep making new ones. Before falling in his trap just review history of his activities. He has to be fired from all forums.    

[Vulcan]

good post..there are a few of these crooked short bashers..

[nearnorth101]

just more usuers added to my ignore list lol

[OptGreen]

Don't let the lowlife barking get to you Vulc, just ignore when you get tired of kicking them around....there is nothing unexpected in this report and there is plenty of fuel already to get more in line with expectations for current quarter, of which has been clearly laid out since Dec. They are going to support the SP and I would hope to see some update on guidance of some form by end of FQ4

[Bever73]

The only lowlife and fraudster around here is you optgreen, maybe if i get some free time i will fetch your replies to the last 10-12 quarterly report responses(pumps) you have done to show how much of a clown you are......handsome rewards await!!!

[RealistGhost21]

IMO, you are 100% right Never about your comments below.