Supreme Cannabis Company Inc. (The) T.FIRE

RE:RE:RE:News

[watchmeplz]

I think its in the financials.. believe they stated 5-6%. I know what your saying tho Ghost, these pumpers brag like its good financing, but the whole financing is secured by the entire facility with restrictive covenants too! Means, you once the dust settles and the cash is gone, no shareholder is getting nothing.. ride or die! Also, that financing is 3.3 MILLION dollars a year in INTEREST ONLY charges. Literally enough to fund a whole team of people, yikes!

RealistGhost21 wrote: I agree they trow the compagny's money by the window because they don't care. Also it is interesting that the CEO bragg about the banking financement from BMO but that IR refuse to specify about the interest rate Supreme will have to pay...damm FIRE is hell.

watchmeplz wrote:

Wow imo, sounds expensive all these people there hiring. Guess that's what you need to make 11m in revenue a quarter LOL, just burn into that 90mil and create another few hundred k expenses a month, gj, everyone cheer! Even without expenses the amount of growing space needed just to cover salaries is more than they have, let alone electricity, taxes, rent, etc.. 

 

nearnorth101 wrote:

 

Supreme Cannabis Welcomes New General Manager to 7ACRES

• Dan Sippel joins Supreme Cannabis as General Manager of 7ACRES;
• Dan Sippel brings over 30 years of experience in diverse, high-volume production environments.
• Ram Davloor transitions full time to Senior Vice President, Quality and Operations Improvements.

TORONTO, November 28, 2019 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today that Dan Sippel has joined Supreme Cannabis as the General Manager of 7ACRES. Mr. Sippel will be responsible for leading the long-term, sustainable growth of 7ACRES, with a focus on maintaining a high-performance culture, exceptional safety standards and robust compliance protocols. Current General Manager, Ram Davloor, will transition full time to Senior Vice President, Quality and Operations Improvements at Supreme Cannabis.