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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 jpm59on Jan 09, 2020 1:06pm
110 Views
Post# 30535203

regarding the complete Canadian industry

regarding the complete Canadian industrycheck out the post on APH's board regarding ACB & read the NASDAQ report ACB SELLING the MEDRELEAF property in Exeter,Ont., ACB production  to drop from an expected 625k kg to 200k kg. The shake up is across the industry, lots of companies shaking up management (TODAY TGOD Pres. gone etc.)  Supreme went in the wrong direction now just to correct it's course. At least they never over extended themselves with millions of acres.As long as a companies product sells & the company keeps cost , expenses,debt under control it should be just fine as a survivor. All these companies are getting straitened out. Supreme is now starting again in a correct direction. Looking for a new re-entry point & I don't expect the next results (Oct-Dec) to be very good but nor with other Canadian companies.The next 3-6 months will be the proof for all of them. Supreme's product appears to be well accepted, as well with some others and not as well as others.Supreme is mid size which is fine, just tighten the finances. JMO, still waiting, could get worse short term, have to see the next report, but I think all will be fine 3-6 months.Thankfully others are literaly going broke and rightfully so & get out of the game, too many players. jmo
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