RE:Sorry GuysAgreed Ped and was just asking about what you were thinking with the "sorry", thanks for clarifying...your assessment is very reasonable, while remembering that everything on the board is talk/ opinion, with the exception or NRs and other fact based info.
I may be leaning more to the upside to some degree and while I agree we could as easily as not see $10mil for the period, I see much strength in FIRE especially when compared to the pain coming for much of the sector....ACB represents more of what the sector is experiencing and will experience at least in the near term. FIRE is the contrarian and will be moving against the sector trend in the near term and the spread will increase as guidance targets are met/exceeded and if they fail to achieve goals and/or otherwise they will go down like everybody else. I think we are saying very much the same thing.
I look at FIRE as a business, the same as ACB or Pepsi, and am not invested in the 'stock' but in the company, the SP is just an indicator of the company, sector and current events and mainly manipulation....I see the same quality investment today as 4yrs ago only much better and I think Moore, Griese et al, BMO, along with those in the know of the investment community see much the same. barring the unforeseen.
While I would like to see more info anytime, all the time, the no news until required speaks to strength not weakness or something that they have to hide and we can only continue to opine and wait. There will be handsome rewards for those that own and they could be close and very handsome on just meeting targets, with the ACB pain and the potential of more to come in the rest of the sector. All the best to you and all those that own especially the longs, JMHO...Opt
Pedal2themetal7 wrote: Opts, I'm not sorry for anything, had a long day yesterday and when I saw Sorry Guys for the subject on many messages I wrote it in my subject.
When it comes to the15 million figure, it is strickly my personal acceptable number. I don't like predictions due to many unknows and unpredictable obstacles, expenses etc etc. Do I believe everything is in place to achieve 20 million +, of course I do but there has been a number of transitions experienced by the company, and probably challenges not privy to investors at the moment which could affect the final outcome. I'm always conservative with my own predictions. Just being realistic but also hopeful they will achieve a good quarter.
With a large number of LP's having experienced high profile negative exposures the investing community is reluctant in investing until the industry can prove it can be a profitable venture.
I've researched the timeline for a number of companies, and in my opinion Supreme plus two others are probably in the strongest position to succeed.
Will they succeed, IMO it is too early to tell, but they sure have numerous pieces in place supporting they can succeed. No reputable professional would put their reputation on the line for a company not expected to succeed. To date Supreme has kept a low profile, and worked tirelessly to establish themselves as the leading producer of premium cannabis at scale, which I believe they have achieved, without drama while maintining integrity and professionalism.
The management team is an impressive group, and with this world class operation completed and fully operational I believe they can achive it's goals.
But again, it is a volatile industry in its infancy, and still a lot of unknowns ahead. Only the companies with the flexibility to manoeuver and adapt to those unpredictable obstacles will survive. IMHO