RE:awful is the word Awful is what we were jf, maybe done by now without Dec restructuring...this all has to be cleaned up and dealt with before we can move forward. There is no shortage of issues with most in the sector and few in as good shape as FIRE at this point.
FIRE already has what everyone else needs in quality of product, state of the art facilities of which are pretty much all completed and operational...minimal investment of plant and equipment in the near term and the best quality menu in the industry puts the company in much better stead than most, if not all, going forward. Blissco Green Kush and Cold Creek Kush are very worthy of the company quality menu and Truverra is to be of similar high quality.
There is too much positive and potential in this company and this sector for either not to survive and flourish. Moore/ team could see this and Beena would have much better things to do than sign on just to destroy her resume...Fowler/team had all of the right vision and understanding of the cannabis world and Beena and Moore will implement the business strategy necessary to make FIRE the economic success worthy of the quality the company has to offer.
I think we see an almost complete reversal of the company's position by the beginning of FQ3/21, while most in the sector continue to struggle as they right size and try to produce quality. This sector is a long way from running like a finely tunned machine but FIRE is pretty well there already, JMHO....Opt
jfogarty12 wrote: Supreme Cannabis records $57.5M in impairment charges in Q3, takes $72.3M loss Supreme Cannabis reported fiscal third-quarter results on Friday with a slight sequential improvement in revenue while booking $57.5 million in asset impairments. The Toronto-based cannabis producer also reported a $72.3-million loss, compared to a $17.3-million loss in the prior quarter. Supreme's adjusted EBITDA fell to a $11.7 million loss. The company said its impairment charge stemmed from goodwill tied to its BlissCo and Truverra acquisitions and could be attributed to "slower than expected development of the recreational cannabis market in Canada." It has just $23.1 million in cash, down from $48.7 million in the prior quarter.