RE:RE:CanaccordBottomley says his theory is based on poor sales in past quarters and besides he had the $1 target since the SP was ~$2.00 Wb. It could be he is covering off another year or so with this one? I think the sales for the quarter were low balled to make sure current quarter is going to be right up there to start off continued revenues from full production grows.
Beena has all the necessary cautionary wording in the report but she did not sign on because the company is a lost cause...this challenge is right in her wheelhouse and she will be very clear eyed of what is going to need doing to make the success possible happen. Besides they would be buying FIRE.DB today not FIRE.T, up ~15%, JMHO...Opt
Whybuy! wrote: He lowered his target for Supreme Cannabis Co. (FIRE-T) to 50 cents from $1 with a “speculative buy” rating (unchanged). The average is 57 cents.
“On the back of another disappointing quarter that saw little progression in its top line and a balance sheet that we believe will make it challenging for Supreme to re-accelerate its growth initiatives (with significant maturities coming due in 2021), we have lowered our medium/longer-term assumptions that peg the company’s Canadian market share to a range of 3 per cent to 5 per cent (down from 5 per cent to 7 per cent),” he said.
Says it all....