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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

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Post by VK400S on Jan 27, 2021 6:09pm

Secrecy

I feel like, by not releasing news and keeping shareholders in the dark, they are trying to build suspense and then unleash the hounds for a "wow" effect. At least I hope so. But the truth is that even if it's the case and they come out with an amazing Q2 ER, some news on expansion or whatever, they still won't make up for everything lost up to date.
This move may make new shareholders happier, open possibility for more vilotile trading patterns in the nearest future but it won't reach what we (long time holders) are hoping for. It will bounce back to a dollar in best case and then will creep down under usual manipulation. It's nearly darn impossible to make a move that would blow everyone's minds in today's market conditions where a lot of things can't be easily explained because of pandemic, new administration, spike in yonger inexpirienced robinhooders whose tools are twitter and tik tok rather than technical analysis tools.
I'm excited and sad at the same time.
Comment by theTransporter on Jan 27, 2021 6:25pm
And this is the issue.  Even when Q2 comes out with another quarter that proves QoQ growth, the stock is sitting at such a low with additional dilution, that a 30% rally would only get us to $0.23.  Maybe see $0.25 the most and many here will celebreate that (i.e. OptGreen, vulcan, etc). I may be wrong if MMcap is done selling and the ATM is closed, then you may see a short squeeze that ...more  
Comment by bt78 on Jan 27, 2021 9:19pm
All the other Cannabis stocks are moving way up at this point of time except Supreme and iI wonder how long they are going to hang on.
Comment by Lou793 on Jan 27, 2021 9:40pm
A lot to complain about, but the volume traded is encouraging
Comment by Fowlerprowler on Jan 27, 2021 10:27pm
We'll, because they just raised another $20 million, Supreme can hang around losing money for years and years.  And if you're dumb enough to invest your money in this hollow company, management will gladly continue to dilute your shares while they jerk your @ss around and lie to you FOREVER!  You'll never need to worry about investing your money again.
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