Baby shite jf, as long as they start hitting sales/ revenue estimates in this report and continue going forward...with $40mil+ per quarter by first half of '20 and continued low burn rate, of which will increase modestly with the added staff of late and going forward, net margins remain acceptable in the short term and sweeten significantly by the end of 2020.
Compare FIRE's balance sheet to any other in the sector and FIRE is and will continue to be the sweetest and we have yet to see any material revenue accounted for...if the sales targets are achieved or reasonably close FIRE will be profitable long before most, if not all, JMHO....Opt
jfogarty12 wrote: The Supreme Cannabis Company, Inc. Condensed Interim Consolidated Statements of Financial Position (Unaudited - Expressed in Canadian Dollars) As at: Note December 31, 2018 June 30, 2018 ASSETS (Audited) Current assets Cash $ 91,965,959 $ 55,895,997 Receivables 4 10,392,776 8,467,833 Prepaid expenses and deposits 3,651,944 1,289,834 Inventory 5 8,416,187 4,579,118 Biological assets 6 5,454,963 3,283,233 119,881,829 73,516,015 Non-current assets Property, plant and equipment 7 149,547,979 101,008,447 Deposits on property, plant and equipment 1,046,430 516,084 Intangible Assets 8 24,618,684 8,396,914 Investments 10 14,421,989 16,331,609 Other Assets 67,664 15,000 Goodwill 3, 8 660,463 - $ 310,245,038 $ 199,784,069 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Accounts payable and accrued liabilities $ 24,949,346 $ 22,916,874 Other current liability 8, 9 930,242 - 25,879,588 22,916,874 Long-term liabilities Convertible debt 11 72,302,275 31,721,913 Other long term liability 8, 9 5,334,868 - Deferred tax liability 80,734 - 103,597,465 54,638,787 SHAREHOLDERS’ EQUITY Share capital 13 207,628,237 156,097,158 Reserves 51,799,376 34,892,067 Accumulated other comprehensive income 844,635 844,635 Deficit (53,624,675) (46,688,578) 206,647,573 145,145,282 $ 310,245,038 $ 199,784,069