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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 OptGreenon Aug 13, 2018 10:06pm
139 Views
Post# 28454248

RE:RE:RE:Ontario set to unveil plan for private retail

RE:RE:RE:Ontario set to unveil plan for private retailMuch appreciated SC....but I don't think Fowler should get too complacent here, whether the stores won't be ready until spring or not won't make any difference with the mail order system in play on Oct 17th, they will come and business will be brisk....I remember not buying Amazon shares after the IPO because I didn't think they could ever compete and now more business is being done online all the time?? But the vault is large and one would expect he will have those bases covered....I would still like to see 50% under crop before end of Sept.

I was referring to other construction in the province planned for 2019!! :), JMHO.....Opt

solarcradle wrote: Heya, Opt! :) 

Ontario supply contracts or announcement of has not yet been addressed, that I know of. 

Here are some key notes I took below from the Queen's Park meeting. They are not exact quotes. I can't type that fast. :) 


Home delivery available. Over longer term, Ontario will move toward enabling private retail of cannabis. Gov will not be in business of running physical cannabis stores. Instead, we will work with private sector businesses.. We want to be clear that private retail stores will not be open on Oct 17th. April 1st, 2019, if passed, private retail stores model launch. The OCS will continue to serve as the wholesaler to private retailers. In order to provide consumer confidence, we are proposing to introduce and official ontario cannabis retail ?seal? This will help consumers to indentify legitimate retailers where federally quality assured products can be found. Consumers can look to this seal to know they are buying a legal product. Municipal opt-out of private cannabis retail, should they choose and 40 mill dollars to municipalities for enforcement, education...etc.. if municipalities opt-in on cannabis retail. 
 
Oct 17th we will meet federally regulated date. We will be open for online sales. We will be ready on April 1st, to launch the private model. We will be ready with a robust system to handle all the orders that we can online, and be ready April 1st to open a retail system. We want to take the time to consult with municipalities. They're going to start next week. 
 
70% of frequent users requested private retail. 
 
OCS pricing announcement in coming weeks 

Minister Mulroney and Minister Fedeli - remarks and media availability at Queen's Park, Toronto Skip to 17:55 on the video timeline


I don't think that the government should sink us too far into OCS bricks and mortar. Here are the locations and information listed previously.

Ontario Cannabis Store Locations Identified

The OCS has identified the following four locations for initial cannabis retail stores:

  • 304 Stone Road West, Guelph
  • 770 Gardiners Road, Kingston
  • 2480 Gerrard Street East, Toronto
  • 570 Harbour Expressway, Thunder Bay

OCS retail stores are being designed with a lobby area, before individuals would enter the main retail store.

The main retail space will include information about available products including accessories. There will be a focus on responsible use and product education.

As previously announced, Shopify will supply the technology to power screens throughout the stores to give consumers product and health information, following federal guidelines, to help inform their shopping decisions.

In addition to the retail store network, the OCS will also provide an ecommerce option to provide Ontarians age 19 and over with a safe and secure way to legally purchase cannabis for home delivery.

Original Reference: OCS link

It's possible Supreme full build-out may roll over into 2019. There was a news release that stated early 2019, which came out after the 2018 build-out completion NR. All good, either way, IMO. Cash in hand and increasing revenues in the near term allows for the freedom to watch and react on markets as they evolve.

Cheers!



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