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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) > ''Beena has much of the inhouse cleanup done ....''
View:
Post by WeedUp on Oct 21, 2020 3:47pm

''Beena has much of the inhouse cleanup done ....''

''' Beena has much of the inhouse cleanup done with CPG and facilities fully operational with F&H clearly getting much better traction on the ground everyday..'''

Why the stocks continue to drop.....

5 Day
  • -10.00%
  •  
1 Month
  • -10.00%
  •  
3 Month
  • -44.90%
  •  
YTD                              
  • -78.57%
Comment by OptGreen on Oct 21, 2020 4:17pm
SP levels are trader/ short driven have nothing to do with the company or what Beena has done since last report/ tel con as there has been no NR or relevant info provided by her or the company since, which is policy unless there is material news in the interim. Beena won't be commenting until Nov 12th unless material issues warrant in the interim, the only problem is the wait...only the weak ...more  
Comment by Method on Oct 21, 2020 4:25pm
I thought I explained a few possible reasons in my last few posts. There is a lot of stock floating around because of the  convert refinancing and exit from a few ETFs. It's just supply and demand and management isn't incentivized to promote the stock until they get their options. 
Comment by johnale on Oct 21, 2020 5:13pm
I guess it's all going to happen at the same time -  nov 3 election and dems win - pushing cannabis legal nov 9 - AGM - new options incentivizing management  nov 11/12 - earnings with a good story and we'll see a push from management to pump the stock.  nov 12> maybe some insider open market buys... to cement their commitment 
Comment by vulcan123456789 on Oct 21, 2020 5:24pm
how true john.. I'll pick up my order tomorrow so I'll post package dates for all.. jean guy. sensi star.. both kinds of the new hiway pre rolls. cheers
Comment by Pedal2themetal7 on Oct 21, 2020 5:39pm
So far the new CEO has shown great leadership qualities, not afraid to implement directives/protocols to meet the challenges of this new and evolving industry. But the main ingredient is still missing from their arsenal, strong financials. To date Supreme has been a disappointment when it comes to financials, on paper they appear to be a winner but so far they haven't delivered.  If ...more  
Comment by Method on Oct 21, 2020 6:34pm
With a financing off the table following the debt restructuring, what are the other variables you are focused on besides the financials?    
Comment by Pedal2themetal7 on Oct 21, 2020 7:00pm
Manipulation, shorts etc etc etc that goes on with penny stocks and other stocks to a degree. i really enjoy your and John's opinions, it's refreshing reading objective views. Been doing this for a while and try to keep it as simple as I can.  Definitely not a full time investor but I've been doing ok the last 10 years. Veered away from penny stocks some time ago due to ...more  
Comment by Method on Oct 21, 2020 10:09pm
I don't see any of those factors as impacting fundamentals especially after the debt restructuring.  I don't know what the financials are going to be but rec revenues seem to be going in the right direction and they seem pretty confident in hitting their EBITDA thresholds.  I think the biggest part of the overhang are the arbs who jumped into the debentures. They are still up ...more  
Comment by johnale on Oct 21, 2020 10:45pm
Hopefully your right.  on a side note - those HiWay prerolls listed on OCS - 4.98/g. They are a full $1/g cheaper than the next cheapest pre roll. they are - they cheapest pre-roll in Ontario!?!?!?!? sheeesh.  Very bold move beena - 40% of flower sales are the value segment - which we have not been a part of that market at all up until now.  wanna bet supreme continues to ...more  
Comment by johnale on Oct 21, 2020 11:00pm
Price points: Hiway - 4.98/g  Sugarleaf - 7.95/g  7acres - 12.95/g Maybe we'll get some craft collective prerolls next? 
Comment by Pedal2themetal7 on Oct 21, 2020 11:08pm
Just like you and Method I see a lot of positive and also attempt to remain objective. if they can deliver a decent Q1, and with the items scheduled for the meeting being routine business, I interpret this as a company wanting to build organically, and equipped with what I believe to be strong fundamentals being adjusted according the the constant changes. Hopefully we can witness some growth ...more  
Comment by vulcan123456789 on Oct 22, 2020 12:00am
I get my hiway pre rolls tomorrow..... I'll provide package dates and when I try them report back on my thoughts.. a friend of mine also ordered.. hes very cheap.. this was his first move from bm to regulated product... if he likes he will stay with supreme and likely try other products...cheers
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