RE:RE:RE:Here Comes the Rally!!! The stock hasn't started to trade yet joh, it has all been manipulation until now, as with the rest of the sector for the most part. Fundamentals are what determine valuations and dictate SP levels and we have yet to see the first real market figures with this quarter's sales numbers from the sector to start it all off.
FIRE is geared for $50mil+ per month which should be a reality later in the 2nd half of 2019....add the KKE herb, domestic/ Medigrow oils and the ultra facility fully under crop and this is a $400mil+ per year company. I am sure that there are many others out there with plenty of cash that would pony up whatever necessary for the company but that is of no interest to me...what Fowler and team have set up and built here is a guaranteed win of which would not be the case without the passion and commitment to premium quality herb production at a commercial grade price range.
KKE recognized as top shelf herb in the US and abroad, the KKE folks were excited to be partnering with a company of the quality of Supreme, this speaks volumes for me and if Fowler, along with Dinafem and his key staff are not, and especially were not, in this picture this would be just another cannabis company wanna be trying to produce high THC grass of which I would not have invested anywhere near what I invested, if any at all.
FIRE should be at or near the top in sector sales for this quarter and increase that position well on into 2019 and beyond...with the sweetest balance sheet in the sector from the jump, I won't start selling in the $2-3 range when $5-6 should be the range 12mos out at least, JMHO....Opt
johnale wrote: OptGreen - 100% Im right there with you.
we should see a nice rally in the near term with increased grow rooms and TSX pushing this to higher levels.
But the key will be execution and earnings.
If we hit (which my extensive due diligence says we will) - then we will continue to rise and earn our way into the the institutions as we clear 2-3$/ share.
The market meltdown and the small earnings for (canopy) (pre-legalization) were a great excuse to hammer the sector. We should all benefit by being able to accumulate cheap shares.
ps.
didn't take much voume for us to rise 11%...... not a lot of shares will be for sale as weed stocks tend to jump in huge amounts quickly.... and people know this.
last time i checked there were still 5.6+ million shares shorted..
will be difficult for them to cover as this moves up. but well see i guess.