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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 by User

Post by SnoopDawggyDawgon Feb 09, 2019 2:17pm
144 Views
Post# 29342354

What should shareholders expect?

What should shareholders expect? The only reason I'm still holding Supreme shares is because I genuinely believe they have the best product out there. I've tried exactly 14 different strains from various producers (even Wappa made my Redecan) and Wappa/Jean Guy made my Supreme is the best that I've tried. I felt quite certain about the extra momentum FIRE would have after listing on the TSX, and then releasing their financials on Tuesday so I kept my position intact on Friday. It was, of course, jarring to see such selling pressure before the financials were even released. But when I begin to ponder the longer term prospects, ie, in a year from now, I can't begin to fathom why the SP has yet to gain any serious traction unlike the larger cap LPs. The fact that construction on the entire facility which will be capable of producing 50,000 kg of premium flower (selling at $6 per gram wholesale) alone is $300,000,000 in sales. Even if a third of that was grown and sold this year, that's still $100,000,000 in sales which is an incredible amount. And the fact that it's all being done without the significant overhead that the bigger LPs have due to their business to business model, one would assume that the profits would also be much higher here. Of course, consolidation is inevitable and this sector tends to move in sync with one another, but at some point, will FIRE ever break free into the same valuation criteria as its bigger cap peers? Or is FIRE doomed to be overlooked until its swallowed up by a competitor? I also wonder if FIRE has ever attempted to seek investment from a Constellations Brand-type partner in order to collaborate on new and innovative products. Anyways, haven't posted on this board in a while and I just wanted to get people's thoughts on what's holding down FIRE from truly breaking out. And please elaborate on more than just saying something like "Management is incompetent" etc. I'd like specific reasons if that's your sentiment. And likewise, if you also believe that Supreme has great potential in 2019, please outline what you believe to be the biggest catalysts for Supreme. Thanks in advance!
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