Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.


TSX:FIRE - Post by User

Comment by Go0B3ron May 13, 2019 10:44pm
108 Views
Post# 29743324

RE:RE:RE:RE:RE:Major discrepancy

RE:RE:RE:RE:RE:Major discrepancy No, you're right it is price to sales, but the math I did is the same for all Canadian LP's(since none of them are profitable right now) when comparing them to one another.  I good number to take a look at for this Q3-report and everyone should be paying close attention to, is the cost of running the operation at 7Acres as they are now running their payroll at full capacity. Jan – March, they added 400 employees to their payroll.

As for this being a "agricultural commodity", that is currently catergorized under the "Healthcare" industry, I'd rethink that one a bit... 

newdaydawning wrote: Correct me if I'm wrong, but I believe you are referring to Price-to-Sales ratios as opposed to Price-to-Earnings, given that none of the big LPs are profitable.

If FIRE were able to achieve $60M in annual revenues, it would trade at 10 times sales. That's a relatively high valuation for an agricultural commodity that is likely to come under significant margin pressure as the LPs build out capacity.

One could argue that FIRE is reasonably priced, while its rivals are grossly over-valued. But I would argue that the entire Cannabis sector - with the exception of cannabinoid science companies - is madlly over-hyped and due for a massive correction.

The chickens are coming home to roost.


Go0B3r wrote: You two done circle jerking each other off?  There is no conspiracy of withholding information numb nuts, you just don’t have any clue how to tie in crop cycles to revenue.  As for the rest of you limp noodles on here, trying to pass it off that you would know how to run a company as massive as Supreme better than the CEO currently in place, it’s laughable at best.  Some of you can barely tie in a sentence worthy of a sixth grader. I’d love to see any of you realize $2.3mm in revenue growth over a three month period.  Yes warrants and debentures, that’s all that seems to be the game here for most of you lads.  Suffocate this company long enough that you give the shareholders of these papers no choice but to sell at a fraction of the cost they are worth.  Fncking scourge of the earth I tell you...
 
 
Poste this the other day – Holds that much more water today…
 
Quagmire of Sales Numbers - posted May 11, 2019 05:10 pm
----------------------------------------------------
From what I see, the current Price to Earnings (P/E) ratio based on last quarter’s results of $7.7m is sitting at 19xEarnings.  IF we retain this P/E ratio moving forward, and we show $10mm sales for Q3 – This translate to a $2.60 stock price.  I’ll take a 40c jump from QtoQ on organic growth in the earnings.  Anything Beyond this would be crazy awesome. Just trying to keep it real here ;)

The Average Price to Earnings Ratio in the top 15 #CanadianPotStocks is 24x

P/E ratio of some of the top dogs in the industry?
$WEED – 66xP/E
$ACB – 60xP/E
$APHA – 34xP/E
$HEXO – 38xP/E

SO, here’s what this means for a company like WEED – At a $21.9bn Market Cap, and a P/E Average of 24x – They Need to bring in $900mm in sales yearly.  That’s a 300% increase in sales needed YoY as of last quarter just to justify its CURRENT stock price!. 

Same scenario for $FIRE – P/E Average of 24x – With a $10mm sales this quarter (Q3). = $3.29 SP

None of this is anything more than speculative math and no one should be basing their investments on this type of criteria alone, but seeing these numbers laid out beside each other, shows just how crazy this market is, and how out of focus the investment community has taken it.  I understand there is a certain amount of speculation of "future income" included to most stocks, but $fire has seen none of that action in its Stock Price.  Lot 16, Cambium, Malta, and Oils, deserves to get some forward looking love out of its SP...


puppymonkeybaby wrote:
theTransporter wrote: You’re right. The numbers don’t add up. Their revenue isn’t keeping up with their production capacity increase. Either they lost crops, or they’re only selling a fraction of their product with unsold product sitting in inventory getting stale and old. They aren’t able to push all of their product this additional rooms coming online is wasted effort if they don’t have the market to sell to. 


It must be crop loss. If not, they could’ve dumped their product to many LPs at $4/gram wholesale. This company is shrouded in lies. Inventory says it all. 

 




<< Previous
Bullboard Posts
Next >>