MeowMeowFC wrote: Analysts on "New Cannabis Ventures" seem to believe FIRE will be in the $7.5 million range for the quarter. With a fully diluted share count of 400 million and no profits to date, how high can this SP go?
There are 260 million shares outstanding as of last financial statements, which brings us to a market cap of approximately $580 million.
What are the chances that we move to the $1 billion club before we have the rest of the warrants exercised?
I'm concerned that we will not have the same premium applied to FIRE as that of ACB, WEED, CRON, etc. simply because of a lack of international assets. If FIRE posts a $75 million year in 2019, can it be possible that we maintain our market cap in the face of dilution, meager profits, if any, and increasing competition for investment dollars from American firms?
Rhetorical questions I guess. I just feel like this company might already be peaking in SP for the year. I'll wait to see how the market reacts to the next financials, but I'm thinking I'll sell the news. Someone give me some insight on what the future holds here. I joined in on the swing. Worth holding or time to move on?
buddalover wrote: Cosmic post dude, may budda smile upon you and yours. I believe we will be at the higher end dude, due to the fact that Supreme only considers product approved for sale as Biological assets, not any other stage plant from seed to harvest, unlike most of our peers, which means there could be a lot of Supreme Green that got the green light if you know what I mean. Peaceout Budda sure to smile upon supreme shareholders. Do something kind everyday. Peaceout
Go0B3r wrote: So here's my take on what we can expect in the next quarter Financials(Q2)
The "biological assets" they had in the vault at the end of Q1 approximately $5mm
In June they were still licensed to grow about 10,000kg of Flower
In Sept they were given the go ahead for an additional 3,330kgs of flower
The way they staggered the crops is unknown to us, and will remain that way, all we can do is take a guess. Believe me I've tried to guess and rotate their crops since they first got the sales license from HC, and it's impossible to work out a proper number.
So lets just say they have the perfect plan in place to maximise the amount of flower growing for legalization(dreaming with the supreme team). 10k of flower by November and another 3.3k of flower for Dec (though I don't much like taking the best case scenario into consideration, I'll rectify this later in the math best I can.)
10,000kg = 10,000,000 grams x $6 = $60,000,000 year / 4(quarters) = $15,000,000
3,330kg = 3,330,000 grams x $6 = $19,000,000 year / 4(quarters) = $ 4,995,000
The total "possible" amount of sold product just from the last few crops cycles is almost $20mm. Add the approximately $5mm in Biological assets left in their vault in September and this gives you a total possible sold product(s) of 25 million dollars for periods of Oct - Dec (Q2). Best case scenario!! I'd split this in half just cause, I hate getting my hopes up and I would think they have the potential of a 12.5 million dollar income in this Q2. could I be wrong, yes. But the math is what it is, and the rest is all up to how much product they were able to get rid of through the different contracts they have with the provinces and B2B sales. Could they have 12-25mm dollars worth of product under their belt, and only sold 7 million dollars worth, yes, it's anyone's guess. Unfortunately we haven't had enough "Recreational Market" quarters to compare to. So I'll suggest it can be anywhere between $12mm - $25mm in income. From here on in, it's the job of every LP, no matter the size, to start gaining bigger shares of the market, and this is the fundamentals that are going to take effect going forward. Grow as much as you want, but unless you can sell the product, your grow space is going to be fruitless, or in this case it's going to be turned into oils... Supreme really does have the right idea in that they are going for quality over quantity, and it will show going forward.
Looking forward to this months activities, hope you all are too.