Some factsI know a lot of the weak a$$ bashers here are apparently unaware of the facts about FIRE and keep spewing the, oh so pathetic trash all over this board. I also know that most you that have been around Supreme for a while are well aware of the facts, but I thought it would be a good idea to collect a few of them in a single post for the rest to see. All of this, and a lot more, is available to anyone in the world for free (no account required) by going to
https://www.sedar.com/ Why was Supreme not ready for Oct 17th? Well retail sales of weed was never initially their goal. However, they were there in in a limited sense nonetheless. The main reason they were not there in force is that most of their production was pre-sold. Here is what I got from a quick glance at SEDAR. I may have missed a lot, and remember, any amounts quoted are minimum amounts:
- November 24, 2017 - Supreme signs High-Quality Flower supply LOI agreement with ABLE BC.
- January 25, 2018 - Cannmart has committed to purchase 1000 kilograms of premium quality medical cannabis from 7ACRES in 2018, on a take or pay basis. The aggregate value of the Agreement is $6,000,000.00
- February 26, 2018 - 7ACRES, Supreme’s wholly-owned subsidiary, will supply BlissCo with approximately 1,000kg of high-quality cannabis, valued at approximately $6,000,000.
- September 26, 2018 - SUPREME CANNABIS SIGNS $12M GUARANTEED SUPPLY AGREEMENT WITH TILRAY
Where did Supreme get the weed to enter the retail market now? Supreme had applied to Health Canada for additional production in the summer. You can bet they had the seeds germinated and ready to go.
- TORONTO, SEPTEMBER 5, 2018 - The Supreme Cannabis Company (“Supreme Cannabis” or the “Company”) (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1), announced that it has obtained Health Canada approval to commence cultivation on approximately 20,000 square feet of additional flowering rooms at its 7ACRES facility.
What are Supereme’s plans for growth? They are currently building out the remaining growing area at the 7 acres facility. That alone will triple their current output to 50,000 kg/yr. It is due to begin cultivation by the end of December 2018. In addition read the following release:
- December 18, 2017 – Supreme Pharmaceuticals Inc. (“Supreme” or the “Company”) (TSXV:FIRE) is pleased to announce the purchase of an approximately six acre property adjacent to the 7ACRES facility in Kincardine, Ontario. Supreme expects to build an indoor cultivation facility (“Lot 16”) to produce high quality, “California-Style” cannabis for the premium product segment.
Where are they going to get the money to complete the current build out and build the new facility? They already have it:
- October. 19, 2018 - The Supreme Cannabis Company, Inc. is pleased to announce that the Company has completed its bought deal offering for gross proceeds of $100 million. The Company intends to use the net proceeds of the Offering for the construction and development of its existing and planned facilities in Canada. This includes the Company's facility in Kincardine, Ontario under construction and the development and construction of a facility on land purchased by the Company that is situated adjacent to such facility.
So, that’s a taste of some of the facts. All from news releases posted to SEDAR. Feel free to go there and get more if you wish. Now, when these pathetic loser bashers spew garbage on this forum you can come back here to remind yourself about some of the pertinent the facts. And always remember to challenge these idlots. If they say management screwed up, then ask them what they should have done. Because there is no way you can know if someone screwed up unless you know what was supposed to have gone down.