Supreme Cannabis Company Inc. (The) T.FIRE

Acceptable

[OptGreen]

While on the lower side of the estimates from trying to track sales through product movement online and testimonials was really quite accurate, thanks to joh et al...coming in on the low side with slightly less than $11mil for the period is pretty spot, as the higher end is usually more wishful thinking than fact.

With all the change since Dec this is a very good start and FQ1/21 should give us much more clarity of where we are at and where we are going...tomorrow's tel con will shed more light on that. When one looks at the rest of the sector with some pretty huge volumes, FIRE should have little problem stepping away from the pack on realizing profit in the near term and expanding on that as net margins improve all the way to full production and beyond. This at ~20% of full production. JMHO...Opt

[watchmeplz]

Is this a joke?  

[johnale]

Stayinvested, method thoughts?   definitely better revenues than both of you had thought. ( 7-8 / 8.5 mil respectively. )  for me -  positives:   - adjusted ebita (excluding the 2.2mil unpaid account) was -1.9mil - not bad  - 27% increase in net rec sales - with increase in ASP to $5/g  - terminated KKE agreement with only 200k (the settlement, the Company

[Method]

I think Stifel was at $8.3m so I'm pleased with the revenue number. Obviously higher would have been better. The operating cash burn was just over $3m if my math is right so they are getting closer to cash flow breakeven. I hope the inventory writedowns are behind us or close to behind us as the inventory turnover increases.

[theTransporter]

So they had $40M in inventory as on Jun 30. Johnale has been keeping tabs on orders from everyone and the packaging date. Seems like a lot of products moving now have July package dates and onward. I’m curious to know how much of that $40M in inventory was “packaged” thus having dates June and earlier. Is it reasonable to assume that if we seeing July package dates and even August, a good majority