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.

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Supreme Cannabis Company Inc. (The) > bnn view ----BUT WE HAVE A NEW MKTG CEO

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Comment by RealistGhost21on Sep 26, 2020 10:19am

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RE:bnn view ----BUT WE HAVE A NEW MKTG CEO

They won't have choice to use dillutive financement in order to avoid BANKCRUPCY in the near term they only have approx $28 millions in liquidity. More BAD NEWS to COME. As I said many times before WINTER IS COMING!

jfogarty12 wrote: Supreme Cannabis takes $33.2M loss in Q4 amid renewed shift to recreational sales

Toronto-based Supreme Cannabis recorded a $33.2-million net loss in its fourth quarter, while revenue fell slightly to $9.5 million from the company's prior quarter. Supreme also reported a $4.1-million adjusted-EBITDA loss in the quarter, a slight improvement from the prior quarter’s $5-million loss. The company said it improved cost-control measures to help streamline some parts of its business. Supreme also said it plans to focus on the recreational market as its primary revenue source amid reduced demand for wholesale cannabis flower. BMO Capital Markets analyst Tamy Chen said in a report that the company's reduced focus on wholesale demonstrates a positive change to its operations, although it remains unclear whether the company can find enough market share to be profitable.