Supreme Cannabis Company Inc. (The) T.FIRE

Supreme GREEN

[Dinobull]

These numbers are much better than expected! With 100 million in the bank and expansions not to mention top quality cannabis no whwrw to go but UP UP And UP!!!! Woooooohooooo.

[kijiji]

Q2 2019 Financial and Operational Highlights   Q2 2019 revenue for the Company was $7.72 million, a 359% increase from Q2 2018 ($1.68 million) and a 50% increase from Q1 2019 ($5.14 million).    Q2 2019 net comprehensive loss for the Company was $1.55 million, compared to a net loss of $2.03 million in Q2 2018 and a net loss of $5.39 million in Q1 2019.   

[theTransporter]

Key significant info: Q2 2019 net comprehensive loss for the Company was $1.55 million, compared to a net loss of $2.03 million in Q2 2018 and a net loss of $5.39 million in Q1 2019.   The net loss shrunk from $5.39M to $1.55M in one quarter!  This is a significant reduction which shows they are on the path to profitability probably as soon as next quarter if they can keep

[Go0B3r]

That's right, they also increased yields, and decreased cost per gram, if I remember the numbers correctly from precious earning results.

[MaxTMaxT]

Exactly...Looking good ...Cheer$$$$$$$$$$$$

[Go0B3r]

Oh and they are charging more per gram lol, which is good in my books! ;)

[maritimedreamer]

some very good signs here.... strong rev increase.... recution on net loss (as stated aove is awesome to see) certainly lots of progress! I was still hoping that we hit above the 10 mil mark ..... but still growth is growth...... now to see how market will react.... 

[theTransporter]

Not near a computer but anyone know how much inventory they had at the end of this quarter?

[Mrderalick]

Transporter, from what I see they have 8.3 million in inventory useless I’m reading the Sedar filings wrong. 8.3million would mean that if we were able to get all product to store and sold we would have been at our 15 million mark. Cannabis roll out has been terrible but this report is showing that the delays don’t pertain to Supreme. Some how they cant get there surplus of cannabis to the

[Mrderalick]

My bad the had 2.38million in finished goods the 8.3 is total unfinished seeds and other inventories 

[Tomharley]

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[Go0B3r]

Not enough brick and mortar stores through out Canada if you ask me, it's suppressing the potential of the whole market. Also I'm not sure that $fire has been in a hurry to send over a lot of bud. They've been the underdog for a long time, and until about January, their products weren't given much love. Post holidays though I'm noticing a huge rise in twitter love on the fire

[Go0B3r]

Hey tommyboy, what's your take on market reaction for these rev's on $fire? When in doubt, ask his majesty the king troll lol.

[Tomharley]

This post has been removed in accordance with Community Policy