Supreme Cannabis Company Inc. (The) T.FIRE

Q2 - upcoming - and the rise back to 3bucks......

[johnale]

facility complete, new products, more pre-rolls, expanded blissco distribution.... some insider buying. 
lots should be coming. 

Nav and the board doubled down on november 14 (1/2 way through q2) that guidance at 150 - 180 mil stood.
they for sure had to get approval from board as well to post that - and if things were so terrible then - bmo wouldn't be giving them 90 million or the board wouldn't approve that message. 

So - I think february revenues should be decent. 

see the Q1 release and update - 
12000 3.5g or 7g bottles/day capacity for Q2 - translates to over 20mil in flower distributuion. (all 10 provinces)
wholesale probably 10-15% another 2-3 mil in flower sales. 

blissco flower/pre-roll cbd - 1.5 - 2mil?

jack haze pre-roll/truverra/KKE oils - 2-3mil? 

should be a 25+ mil quarter........ thats a scary number for anyone short.


https://www.supreme.ca/supreme-cannabis-announces-q1-2020-financial-results-and-90-million-credit-facility-led-by-bank-of-montreal

[Go0B3r]

Curious, can anyone with any level of CPG processing experience explain to me how the packaging side of a processing plant works, in reguards to work days.  Are these segments of a company usually running 7 days a week, are they double shifts etc?... Also anyone that has information on the processing equipment the company bought, I'd also be interested to know a Company/product name or

[weedstocks111]

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[weedstocks111]

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[maritimedreamer]

$8.69/g is pretty amazing for their Jean Guy offering in QC goober. Price has been duel edged sword for Supreme as of late. Higher prices are synonymous to quality.... 7acres earned their quality badge a long time ago. Their facility is top notch, this has been stated countless times by many people. I have said all along, the hybrid greenhouse design and sizing was a winner. The combination of

[brentkosta]

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[Supremedud2]

great point, Brent. Surprised nobody thought of that. With this oversupply LPs will need to drop prices to compete with the black market. Supreme dropping their price will affect their bottom line. Also, the facility is not complete and all rooms are not licensed. Why spread lies to people when you can easily look that up. It's shady tactics like that which make me look at people like Mari

[Go0B3r]

As you say BK, There's nothing to prove that Supreme has dropped or raised their price until the next earnings comes out.  As for the SQDC price point, there's still room even at $8.69 for the government to take their $1 a gram leaving $1.69 for the SQDC.  The OCS is missed managed by absolute greedy idiots if you ask me.  No only do they not have to pay rent on any store

[OptGreen]

This should be pretty close joh, $25mil should be no problem at all as they had ~$19mil in the vault at beginning of quarter....it would depend on in-house packaging capacity over the period, which appears to be the driver for the back loaded sales numbers for the 2nd half of FY2020. It appears that the packaging is the main driver for guidance timing and in Jan 6th NR that Moore was taking the

[Systematic]

Opt your dead wrong as you stated "If sales are $25mil for FQ2/20 that will leave ~$115- 145 in sales over the next 6mos to meet guidance" We better see a print of 40 million plus for the second quarter or Supreme will see another 52 week low. As per your assumptions you see 60 to 70 million in the second half? Those are bold numbers but the best we have seen is 19 million followed by 11

[johnale]

Actually - you'r wrong. if you speak with the company - even in November - they anticipate 70% of their revenues for the year in q3 and q4 - 105mil  with q4 being the largest with sales of their pax vape pods for the full q ( 60-45 split) (or more)  this q should have been 33.5 - given weak q1 - but I don't think we get there.  I asked IR specifically at the time "

[Vulcan]

great post.. it is as clear of a picture as any of us has

[OptGreen]

Agreed joh, except for why they would stcckpile ~$19mil last quarter as opposed to selling it? The only thing that made any sense is that they weren't ready with the in-house packaging and they were done with the bulk sales. We could see better numbers Q over Q, in Feb due to more of the packaging capacity coming on line in the period but they are still standing by guidance...it sure looks to