What do we know?Anyone who has done some DD knows that Supreme is a company that is going to grow a lot of top quality weed and has avenues in place to sell said weed.
John Fowler, who could be a recluse for all the PR he has done for Supreme, is not stupid man, especially when it comes to growing top quality weed, his real strength.
Legalization is theoretically here now. However, in the business world, you still cannot legally sell it and that date is still not set (I don't think), so there are questions, not so much to a shareholder, but to a business owner, as to when the green will actually start rolling in.
The sector just wiggled out of speculation into legitimacy in Canada. This means nothing much to you and me. It means EVERYTHING to institutional money.
When institutions are looking for companies to invest in, they will not be looking at the industry leaders at the current overblown/oversold, horribly diluted prices. No way, no how.
Companies like Supreme that for some mystical reason, have appeared to remain invisible to most of the sector investors will be considered a great bargain by some of those institutional investors and all the naysayers will think Fowler a prophet for letting his little nugget be such a tasty morsel when all the real eaters sit at the table.
Examples of stock price manipulation will be at their most evident in the next 6-8 weeks when you will see ACB, WEED, APH, etc all torn down to probably 30% of their current valuations so that the institutional investors can start pouring in their millions.
The last great entry-level buying opportunities for these stocks, will happen whenever the 'great SP manipulation of the weed sector 2018' takes place. Be patient and be ready.
GL>
CB