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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 RealistGhost21on Oct 28, 2019 5:51pm
126 Views
Post# 30278572

Why Supreme did not get the remaining room approve by HC?

Why Supreme did not get the remaining room approve by HC?Does someone here knows why Supreme did not get the remaining facility approved by Health Canada yet?

I have ask Investor Relation few weeks ago but they refused to answer the question although they said it was going to be approved in the middle of 2019 which is a while ago.

IMO, if the Q1 for 2020 is under $38 millions in revenue that will hurt the SP even more because that will mean Supreme with only 33000Kg annual capacity is producing to much for the demand so the remaing room to be licensed would be perceived as an extra cost with no profitability.

Unfortunatly the SP will still go down for a while until we get some explaination form the compagny by Dec I guess.

Which best of luck to anyone whose carrying an heavy bag whit this investment.
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