RE:RE:CricketsIf I am, I'd better be seeing some cheques pretty soon Fast...the numbers are right there in the report $10mil in sales and $7mil, and they started wih $5mil, in inventory is $17mil. Based on their production estimates, production from 180,000ft2 should be in the $20-25mil per quarter range, there is no pumping required.
Supreme has not provided specific guidance on sales for a specific quarter that I have seen so they can hardly miss...there is something else, definately growing pains, some crop loss, etc, I mean less than 50% of current potential? That said they are not behind the industry, but rather ahead in most cases and they don't need cash or in any way in a position of default...now does being slower on precieved growth have any material downside to the future of the company, not that I can see anywhere and that has been the MO for this company for the last 5yrs that I have followed.
The burn rate has always been within reason, no shortage of green available to them, recognized within the industry as the best quality menu,...maybe just meticulous all round with most of the focus/ effort on genetics? In any event they are leading in every area with the exception of the SP levels for the small investors like most here, but there does not seem to be any weakness from the Canaccords et al. I will have to see a quarter or two yet before I pull the pin, JMHO....Opt
Fastlane2 wrote: Opt, do work for Supreme? If it's not Trump's fault, then it's market timing, then it's well hey they are taking a slow approach, well! hey they have money for the build out. Supreme has a market cap of 600 million for a reason. They missed again. -- Supreme Cannabis: Q3 Revs 9.97M Vs Analyst Forecast of $11.42M;