Supreme Cannabis Company Inc. (The) T.FIRE

News

[nearnorth101]

Supreme Cannabis Welcomes New General Manager to 7ACRES

• Dan Sippel joins Supreme Cannabis as General Manager of 7ACRES;
• Dan Sippel brings over 30 years of experience in diverse, high-volume production environments.
• Ram Davloor transitions full time to Senior Vice President, Quality and Operations Improvements.

TORONTO, November 28, 2019 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today that Dan Sippel has joined Supreme Cannabis as the General Manager of 7ACRES. Mr. Sippel will be responsible for leading the long-term, sustainable growth of 7ACRES, with a focus on maintaining a high-performance culture, exceptional safety standards and robust compliance protocols. Current General Manager, Ram Davloor, will transition full time to Senior Vice President, Quality and Operations Improvements at Supreme Cannabis.

[watchmeplz]

Wow imo, sounds expensive all these people there hiring. Guess that's what you need to make 11m in revenue a quarter LOL, just burn into that 90mil and create another few hundred k expenses a month, gj, everyone cheer! Even without expenses the amount of growing space needed just to cover salaries is more than they have, let alone electricity, taxes, rent, etc.. 

[RealistGhost21]

I agree they trow the compagny's money by the window because they don't care. Also it is interesting that the CEO bragg about the banking financement from BMO but that IR refuse to specify about the interest rate Supreme will have to pay...damm FIRE is hell.

[watchmeplz]

I think its in the financials.. believe they stated 5-6%. I know what your saying tho Ghost, these pumpers brag like its good financing, but the whole financing is secured by the entire facility with restrictive covenants too! Means, you once the dust settles and the cash is gone, no shareholder is getting nothing.. ride or die! Also, that financing is 3.3 MILLION dollars a year in INTEREST ONLY

[CrazyHorse67]

You two are so shortsighted, the line of credit is a bridge to the path of success and BMO has obviously bought into the growth plan. Why don't you guys go over to the ACB board/forum and do your bankrupt cheerleading over there. Forums that will accept your BS, I will give you a few: TGOD pure dilution and at the 52 week low; ACB = where is the money coming from to keep the lights on? Oh yeah

[maritimedreamer]

wathcme..... you keep mentioning that the loan is secured against the entirety of 7acres...... you apparently do not understand commercial lending...... banks would never go to 100% loan to value..... not happening.... esp with the volatility of what facilities are actually worth.... i suspect at most they probably went to 70% max.... probably more like 50%....... but please do go on with doom and

[watchmeplz]

Exactly what you said. The book value on there facility is 200m. The loan value is 90m. Yes your correct its actually under 50%. BMO doesnt have "faith" in nothing. They took the deal because they can repossess enough stuff to get there money back. What BMO doesn't realize yet, is that equipment and the 200m is literally worth .10c on the dollar IF that, but thats why most likely

[maritimedreamer]

oh so now we go from 100% to 50%.... only when u were called out.... interesting.... so let us dive a little deeper here...... you do know that this is coming from a portion of term loan as well as an operating line of credit...... Let us be quite honest here..... tier 1 banks have NO INTEREST in forclosing on any sort of company unless they have NO OTHER CHOICE..... you don't think BMO

[watchmeplz]

IMO, never said 100% and no problem on the effort to help, you still have a chance to get out with your .60c... I had to tell you what percentage they were paying in interest instead of you looking in their financials and realizing. Shows how valid your responses are and how much you understand your investment. I came here when this thing was almost 2 bucks and now barely grasping in the .60c

[OptGreen]

You are definitely a piece of work there watch, when I came here the SP was +/- $0.10 and have been here ever since with a fair amount of green invested....you came at -$2 and your point is? You know shite!! I have watched cakes try to fill those concerned about their hard earned dollars at the lows being harassed by clowns like you.... with all your care and concern for the folks you should

[DubbyTGF]

Watchmeplz,  You sound like a youngster with very little experience or knowledge about the world, let alone equities markets. Not because you're wrong, but because you continue to try and speak with authority about things that you may not have a complete grasp of. It doesn't seem like a bad thing in this case, because anybody dissuaded by your arguements probably shouldn't be in

[OptGreen]

Very articulate and on point Dubby, some comments below in cyan.

[DubbyTGF]

Thanks for the comments and clarifications, Opt. It was a bit lengthy to write, edit and fact-check, but your elaborations on my thoughts made it worth it. I try to stay pretty neutral, but your comments have helped with my thesis. Between the two of us, hopefully there were some useful bits in there for Watch. I'm not trying to change any minds, but sometimes we could all use a fresh

[OptGreen]

Your piece was a pleasure Dub and good to have you aboard, this is the kind of info and conversation on issues that adds to one's thought process and allows for looking at material issues from different perspectives...I am just adding some comments/ support for healthy discorse, where I and others can learn, see some more of the forest despite the trees. It is important for me, and assume

[DubbyTGF]

I agree that as a business-minded outsider, Supreme has seemed to make smart decisions. The shift away from B2B gives them better opportunities to strengthen their impact and brand inside the storefront while simulatneously shifting away from a weakening vertical that's hurting many in the sector. The build up in inventory also seems like something I would do in their position considering what

[watchmeplz]

Imo, This strategy won't work when you have 1 provincial distributor, it's a monopoly in the worst way possible and think about when all the other 200+ LPs get their product to the market as well, it's a race to the bottom dollar as the 1 distributor can price everyone down, and unfortunately even though the high end cannabis is obviously the best for smoking, for selling it

[GHASHDOWDxvs]

This post has been removed in accordance with Community Policy

[OptGreen]

The in-house packaging and QC is a must Dub, it is the last eyes until the consumer's and they pop the seal and get a whiff of quality...which has to be what the company intends and the customer expects, in every aspect. You can not leave this to anyone else. The build up of product for FIRE is much different than the rest of the sector, in that FIRE is positioning for second half sales and

[watchmeplz]

Okay, since you wrote me this nice love letter ill reply. IMO,  Watchmeplz,  You sound like a youngster with very little experience or knowledge about the world, let alone equities markets. Thanks I wish. Not because you're wrong, but because you continue to try and speak with authority about things that you may not have a complete grasp of. Maybe, but i doubt it. It doesn'

[DubbyTGF]

Hey Watch, Thanks for the sincere rejection to my love letter -- I was worried that my feelings wouldn't get through. Also, kudos on the solid performance. My point is more that things are usually a bit more gray than we like to paint it. The affect of personal greed on operations is going to be proportional to how willing and comfortable employees / management are in pursuing that. This

[watchmeplz]

I tell ya, this smells severely fishy, you show up two days ago on a brand new account, directly come at only my posts. Maybe watch knows a thing or two.. All this is IMO, due your own dd! Smells like skunk in here though.. Hey Watch, Thanks for the sincere rejection to my love letter wasn't a rejection, or i wouldn't of answered you. -- I was worried that my feelings wouldn't

[candele]

This post has been removed in accordance with Community Policy

[candele]

This post has been removed in accordance with Community Policy

[maritimedreamer]

Some nice conversation going here.... this is great to see..... differing perspectives making good cases..... happy monday all! 

[Tomharley]

Mari! Is it load up time? Now that John's gone.

[DubbyTGF]

Thank you for the response, I understand your perspective a lot more and it seems reasonable. I'll certainly mull over the fact that my points came across as regurgitated talking points from management. I apologize for the targeted approach I took, but I wasn't satisfied with the discourse that was happening, and even if it was selfish, I greatly appreciate you taking the time to elaborate

[watchmeplz]

IMO, Thank you for the response, I understand your perspective a lot more and it seems reasonable. I'll certainly mull over the fact that my points came across as regurgitated talking points from management. I apologize for the targeted approach I took, np, everyone is against me here obviously, just trying to help people that dont understand this industry like I do but I wasn't

[phonse81]

Could this implicate they are getting into edibles? Comes from Natra Chocolate?

[maritimedreamer]

no i don't believe so..... not short term i would say for sure...... Nav and Supreme has been very open that they are really looking into the extract/oils/vape/dab options not edibles..... tbh 10 mg THC is a joke.....for new consumers and so forth yes may be good enough.... for avid consumers not even close.... Supreme has always been focused on the heavy consumers or those that are more

[Go0B3r]

No, I believe it was states that they don't want to get into edibles.  Dan is there to manage the packaging operations I believe.  Bringing in big talent to cover the second hardest part of a cannabis operations(packaging) is crucial. Dry flower, as long as I've known, is the hardest thing to package, and the current bottleneck that most of these big companies will see.