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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 Fastlane2on May 19, 2019 8:59am
203 Views
Post# 29759410

RE:financial statements

RE:financial statementsJust finished reading Blissco's financials and I must say from a financial perspective this is a blessing in disguise for Blissco's investors as Supreme just threw them a lifeline. Supreme executives just paid themselves again! Big surprise. With everything Supreme has in the pipeline and apparently the knowledge they have internally why buy this company? Yes! you're going to say oil extraction but the commercial space for this procedure is very small and the equipment is readily available why not add space to the current grow operation? Time will be the tell but this puts more financial burden on Supreme and the drive to profitability more than a year out. Supreme will not see the fruits of this acquisition for a minimum 2 quarters (6 months) at the very earliest. Expect deeper loses this year with the possibility of a major write down of assets. The next quarter will be ugly, brace yourselves for some strong language in the next report, but expect some sugar coating from Nav and John.
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