RE:IR's Response Scott is good and is just saying only what can be said which really hasn't changed, while being as sympathetic as possible for what is and has been the obvious....the hyper manipulation of the sector had to come to ground and SP levels, based on fundamentals, will move up or down accordingly, as it had to and will continue on that bsais going forward.
It has been clear to me that there was, and still is with many in the sector, too much fluff in SPs across the board and that based on the fundamentals FIRE will close the gap on those at the top of the sector post legalization.
FIRE should out sell all this quarter and all but maybe a couple for 2019, with more sustainability than any due to the quality of the only full menu of premium quality product in the sector. The product is going out the door now with volume shipped increasing progressively through much of 2019, plus the addition of the 'ultra' premium in the second half of 2019....today FIRE is even more undervalued while most others are still overvalued in varying degrees and FIRE will continue to close that gap through 2019. The market has just openned and is just starting grow, with none better positioned for substantially higher SP levels in the near term and beyond than FIRE...this needed correction is just a much better buying opportunity for the new and those that want to add to their position, we are at the bottom going forward, JMHO....Opt
meowmeowmeow wrote: "
Thank you for reaching out, happy to help address your concerns. The Company readily admits that in the past it's spent its energy on execution and operations and not done a good enough job telling the market and shareholders about its successes -- whereas some other LPs have done the opposite. This has, in our opinion, led to a lot of misinformation related to Supreme and turned a portion of retail shareholders off of the stock. We're making great strides (which I hope you'll see) to push harder on telling our story and our success.
However, I do want to stress that the original strategy has left us in a great position when it comes to the Rec market here in Canada (6 provincial agreements, lines of distribution in medical B2B with Tilray, Aurora and others) as well as internationally (first LP to get into Lesotho and an executable strategy to get medical oils exported into Europe and South America that we're working on). We're now entering consumer market where companies will be expected to deliver results and Supreme is well positioned to thrive in such a market.
Please let me know if you have any questions. I can be reached here or at the number below.
Best,
Scott"