Supreme Cannabis Company Inc. (The) T.FIRE

Supreme in Top 10 OCS sales with 3% market share Oct to Dec

[SandstoneMiner]

https://twitter.com/itsdgc/status/1356604397267124235/photo/1

[theTransporter]

Supreme :  3%   |  $90M market cap OGI : 3.5%   |  $543M market cap OGI's market share is only 16.6% more than Supreme's, yet market cap is 503% more. Yet millions upon millions of shares continue to be dumped here with no end in sight.   There is no way MMCap has any shares left to sell now considering the volume.  Who else is selling

[Nearnorth1234]

If Supreme has 3% of the sales in Canada for the last quarter or 2020 , wouldn't that equal somewhere around $20M for sales for Supreme for the last quarter?? not including wholesale ... that would be nice, guess we will find out in 9 days

[johnale]

About 50% net of excise taxes goes to LPs I figure.  805mil q Canada, 402.5mil net - 3% ~12.1mil net  no reason to believe, with the huge increases that wholsale didn't increase as well.  plus a record Israel shipment.  4.4 mil min I would say - so 16.5milq +  gonna be a very solid quarter 

[Nearnorth1234]

thanks for doing the math John, $16.5M + would be a great quarter and compared to OGI we are trading at a huge discount, this should be trading at .50-.70c based on those numbers, especially if we are EBITA positive

[rexrex]

I think the selling is from ATM ( At the Market, from Supreme itself...but hard to tell as that is never disclosed to shareholders by news release). We will find out next week. I think it is ATM that is totally killing the stock in my opinion...

[rexrex]

https://www.supreme.ca/supreme-cannabis-announces-at-the-market-equity-program

[theTransporter]

Agreed!  The ATM is allowing shorts to cover through it instead of the open market (last short report showed 15 million shares short), and is also adding an insane amount of dilusion at these low price levels.  This is already at 700 million+ shares fully dilluted.

[WillyPepper]

Trans. I know you own APHA shares to. As I do. I've owned various mj stocks since March 2016. Own a lot of Supreme through out that time. But most recently bought OGI, FIRE, APHA in April 2020. Aphria is up over 300%, OGI up about 16% and Supreme down about 18%. Its all about return on investment and lost opportunity. I have a soft spot for Supreme because I like their basic premise of premium

[theTransporter]

I'd like to see how Beena intends to grow that market share as obvioulsy it will need to come from someone else losing it.  Everyone is fighting for their piece and companies like APHA (which I do own) and WEED have been agressive in growing their piece of the pie as well. What fu.cked this company over is the horrible financing deals and the dilution that has come from it.  Back in

[johnale]

All of this history stuff you guys keep talking about is useless and irrelevant. I got burned too, se la vie.  sundial has 1.5bil SHARES! Sitting on 1.5bil MC, and 12.8mil in q rev.  it doesn't matter trans.  It's become a popularity contest. They have 100k followers on Stocktwits. They had a push on Reddit and massive amounts of retail jumped on board. They couldn'

[Pedal2themetal7]

Maybe if the company was not so secretive and investors had an idea what is going on, the pumping would be justified but at the moment everyone has there own theories, have no idea why certain moves were made and we're sitting at .19. That volume with almost no gain is insane, and investors kept in the dark. Who knows maybe Feb 11th will trigger something but almost 1 year since her arrival

[johnale]

Did sundial do anything to generate shareholder value?  Does sundial have some grand plan that justified their MC? no - it was generated by their retail investor base for no good reason.  keep it simple - for fire  top 10 LP - ebita positive - solid CEO - undervalued relative to peers - solid growth trajectory.  regardless of whether you knew slightly more or less

[Pedal2themetal7]

Lead the way, I'm not putting anything else in this company unless it gets serious traction. 

[OptGreen]

Spot on joh, if the fox hadn't stopped for a shite he would've caught the rabbit...what that fox didn't catch in the past sure isn't going to feed him today or tomorrow. There is plenty of stength in FIRE today, and pre news, that I haven't seen in a long time. Good things are going to happen going forward. The whine and pine at this stage of the game is complete bullshite and