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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 RealistGhost21on Jun 23, 2020 6:13pm
223 Views
Post# 31183268

Do not invest in FIRE!

Do not invest in FIRE!My advise to new ones around here I say this: Do not invest in FIRE! Wait until they proof they can turn profit which is not likely and this is why the SP is heading south and cannot get volume.
Do your own investigation and read about the compagny.

FYI, John Fowler himself do not seems to believe in Supreme and he sold his shares last October. He was the founder of Supreme and only praise Supreme before. Look at his Tweeter account and you will see he remove Supreme form his page and only kept 7 Acres. The CEO after him said last year that Supreme will report between $150 and $180 millions in revenue...such a bad joke and a 100% proof of incompetent staff unboard that compagny. Their investor office confirm last July that their approval by Health Canada would be approved by end of Sept 2019 but the reality took much more longer (approx 6 more months). Do not expect approval by HC before few months about packaging either. The operational cost and investement within and abroad are a real deasaster (Medigro Lesotho (no revenue), Truverrra (no revenue), Blissco (located in BC far from Kincardine). Also the management seems to live an expensive working lifstyle by having their office downtown Toronto (very expensive).

They do not have enough money to sustain operational cost for mid and long term. To survive they most likely need share dillution and get new credit facility if a Bank accept which is very unlikely because the only good facility they have is already completlty mortgage by BMO which is 7 Acres.

Have a look at my post history, IMO it is a good start.

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