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Bullboard - Stock Discussion Forum 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 Discussion

Supreme Cannabis Company Inc. (The) > Why it is not worthed to invest in FIRE
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Post by RealistGhost21 on Jun 25, 2020 7:38am

Why it is not worthed to invest in FIRE

They report a lost of over $70 millions just for last Q. There are no catalysts to propel the share price upward. They report are a lot of red flags in the recent financial report. Their debt management is out of control and escalating because they can not turn a profit. They have HUGE loans that need to be paid back. They are not making any money won't be able to pay that debt. No large potential partner are interested in Supreme. 
Comment by Byb1985 on Jun 25, 2020 10:30am
My opinion the layoffs and adjustments being made because of the pandemic will help there bottom line. Sales during the pandemic are increasing. The first years people were trying different brands. I can assure you as a long time smoker using the black market in the past. The flower quality is just that of the black market. I have tried almost everything there is to offer. Every company is the ...more  
Comment by brentkosta on Jun 25, 2020 10:47am
This post has been removed in accordance with Community Policy
Comment by Byb1985 on Jun 25, 2020 10:53am
Comment by Byb1985 on Jun 25, 2020 10:59am
This may be true in some markets. I live in the greater Toronto area and have not seen price drops on this brand. Every other brand redecan, tweed, hexo all on price drops. I am buying there craft collective at 15.99 a gram and about 12 a gram of the other stuff.
Comment by vulcan123456789 on Jun 25, 2020 11:02am
same old stuff brent ..spin it how you want..black market will all but dry up in the yrs to come.. as far as your craft comment.. we are involved in that fir high end. meets our specs.. but like craft brewery.. they will never put majors out of business.. jmho
Comment by brentkosta on Jun 25, 2020 11:28am
This post has been removed in accordance with Community Policy
Comment by maritimedreamer on Jun 25, 2020 11:06am
Brent, the only reason there is data on the high THC and low price is because that is almost all the data they collect! There are so many other important variables to good cannabis besides THC content. That is clearly known by the cannabis community.... terpenese are incredibly complex and important to the overall effect. Lastly cannabis is such a personal preference just like people with their ...more  
Comment by JiffBeasauce on Jun 25, 2020 11:04am
completly agree I spent yesterday looking around the sensi star at 35 bucks for 3.5g @22percent  thc was by far the best bang for the buck. All of the stores i went to were sold out of the preroll 7 acers sensi star. I have found the black market prices have increased alot over bast couple months bringing more people to the legal stores aswell.
Comment by maritimedreamer on Jun 25, 2020 11:12am
this is interesting you said this..... i was chatting to my plug and they were mentioning a 50% increase in dried flower on the grey/black market...... thus my prices went up.....Would it be because more black markets are getting shut down? supply issues? ..... another thought i have: how many growers would prefer to still work in an illegal space rather moving into the legal space and get taxable ...more  
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