RE:RE:RE:RE:RE:RE:RE:Molson CoorsI don't see the facility expansion behind at all brent,,,,the constrction has been progressing all along since they have been closed in and will have to be 70- 80% complet by now, if they are going to be complete by ehd of 2018. They haven't needed anything more until the date of legalization was established.....Supreme is set up and geared for the the rec market and always has been, with product produced that meets med level standards but the volume market is to begin Oct 17th.
I had my problem with not selling product, leaving revenue on the table, a couple of years ago but after a little more DD and I could see the path/ plan more clearly, I decided to hold and wait it out...hell if the Canaccords aren't bailing, how am I wiser? lol....I was of the understanding that LaBriere was moving on for personal reasons that were not a surpise or for reasons that the company was a poor investment, not anything he was fleeing from?
Fowler understands cannabis and the market and has been the achitect of most of the business model/ plan, with quality partners like Dinafem from the jump....Canaccord et al ponying up $70mil from early on and more since....still seems pretty sound to me, but JMHO....Opt
brentkosta wrote: Opt, I fear you are too forgiving. We only have 60 or 70k built out. The build out speed is too slow. And the share price is below where it was 2 years ago. Management needs to be held responsible. I like John. I think he's doing a good job. But if the market doesnt see that he'll need to step down. Its a sad reality in the markets. Its like firing a coach in pro sports. Sometimes its not his/her fault but its gotta be done for the greater good. John wants to make money too on his shares. I really cant believe the market has so near sighted. BTW, do you know why labriere sold all his shares? That really pi55es me off and the company wont report back to me.
OptGreen wrote: What am I missing here tong?
Fowler/ team have secured close to $100mil in funding from Canaccord et al over the last 3yrs based on the business model/ plan....partnered with Dinafem, aruably the leading seed/ strain company in the world....have state of the art facility nearing completion, producing the best quality product in the industry, etc.
With what may be the best balance sheet with the highest net margins in the sector with the potential to self fund all or a good portion of the new "ultra premium" facility, with minimal short term debt going forward....all before even openning the doors for business, of what is estimated to be in the $100s of millions in revenues per annum, JMHO.....Opt
tongyboi wrote: Hey man, posts like this really take away from your credibility.