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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 by User

Comment by Bever73on May 21, 2018 5:49pm
108 Views
Post# 28060954

RE:My mistake - previous quarterly revenue

RE:My mistake - previous quarterly revenueYou really should be disciplined by stockhouse as publishing false financial statements might lead to someone making a poor investment decision. Very serious error there im not sure if an apology is enough
theTransporter wrote: I'd like to apologize to the board for the mistake I made in refering to a previous quarterly revenue number of over $3 million.  I have been utilizing my stockstream financial analysis tools which seems to have an error in it.  They seem to have taken the 6 month revenue figure instead of the actual quarter in isolation.

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I should have looked at the financial document in SEDAR.

One thing I must say for those complaining on the increased costs, keep in mind during this last quarter they were staffed up to grow the additioanl rooms during this period so naturally costs will increase as more rooms come online.  The revenue will quickly catch up and put those costs into proper perspective.

Also another note, correct me if I'm wrong, but isn't the valuation on the inventory based on the cost of product in inventory and not the actual revenue that inventory will generate. 


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