RE:RE:RE:Inexperienced.mgmt Below is where you are wrong Opt. Canopy and Aurora do not have the revenues and profits to justify their crazy valuations yet investors keep buying. Heck, CRON has DISMAL revenues compared to even FIRE, yet they are awarded a $5.5B valuation. Explain to me how FIRE needs what you describe below, but the other companies are not held to the same standard?
You're stuck on accepting that FIRE is behind held to a totaly different set of valuation methodologies than the rest of the market. I think their revenue and profitiability is delivering according to plan, problem is the market just doesn't care for FIRE and somewhere management screwed that up. The only way to restore market interest is a drastic change at the top. Keep John as COO as he's doing an extremely good job in that segment fo the business, turf Nav as CEO and bring in a heavy hitter that has an extrodinary resume of delivering shareholder value. Guys like Nav are a dime a dozen. Just a junior wannabe CEO type. I'm sure he's good for a $100M type company, but not for a publicly traded company that should be worth at least $1.5B today. He can learn how to be a CEO with a different company, not Supreme.
OptGreen wrote: Not so dmac, they have all the tools and experience required at this time to move this company where intended....in fact with Fowler, Dinafem, etc they are not only capable but are the best in the sector which is why KKE selected FIRE to partner with.They have marketing/ management depth with Dhaliwal, Moore, etc....their cash management is among the best now and will improve substantially as sales estimates are realized.
The only thing missing is the sales, the sales/ revenues realized to date are below expectations and estimates....uplisting to the NYSE or anywhere else will do as little as the move to the TSX if sales/ revenues continue to under preform. There is no magic or mystery to this, the more that is produced and sold the higher the revenues and the higher the SP, which is the only reason for anyone to be here....they will improve those sales starting this quarter and continue the progress going foward, whatever startup bugs, issues will have been mitigated and we will all be getting what we came here for, with the execption of the cakes of course, JMHO....Opt
donaldmac wrote: True