RE:RE:RE:RE:RE:RE:financial statementsThe key point Fast, with where FIRE is now and it is not behind anybody and ahead of most...look at WEED, ACB, Tilray, etc and they are losing ground, swamped with debt in a market that can not get close to enough supply, even if the majority of the product just grass the shelves are still under supplied and they bleeding red?
The industry is just starting and there are growing pains for all but when supply is adequate grass will have an increasingly smaller share of shelf space as folks learn, understand, experience quality cannabis, both rec and med...in all scenarios the FIREmenu will leading the pack or very close to it.
With grow area available for last quarter report, most would agree sales should have been 50% better than was reported...how much is their debt going to be an issue when they are generating $70-80,000,000/ quarter or even $30-50,000,000 by year's end? They will be self funding for the most part with the ability to wipe out all debt within a year or so when at full production....at full production of an all premium quality menu, add ultra facility production, KKE products, premium oils, what they will need to secure for any additional financing will be on their terms.
Whether you are short or not is totally your call and doesn't bother me in the least, I would think it has to be pretty dicey for most at this stage of the game...the only thing that concerns me is whether the company is weakening or running off the rails in a material way. Everything promised and expected is very good, with the exception of sales volume lagging a bit, and with much more potential today than anytime in the last 4yrs...and I like the team, Fowler along with Dhaliwal et al have added what appears to be some pretty good pieces to that team since and now with additions like Kettlewell and maybe more of the Blis team, things are getting better and stronger every day...Dinafem, KKE, Medigrow, etc are strong partners in the cannabis world, add it all up and I just don't see this kind of value and potential anywhere else in the sector but as always this is, JMHO....Opt
Fastlane2 wrote: Enjoy your analytics Opt, 10 million investment in Medigrow (how long ago?) hey Supreme thanks for the updates, isn't that why you bought the last company that was suppose to promote your beloved Supreme? Malta is a joke and I won't speak about that, but lot 16 is where? How much of that 75 million in the coffers will it take to get lot 16 off the ground? I like your numbers IF Supreme can make it happen. Additional shares/warrants coming to the market (yes) purchase of BlissCo with shares (yes) going back to the market before or after the RS to buildout lot 16 (yes). How much longer do you hold? Sorry Opt I'm not short or long but like I said before I'm willing to see if this plays out but this management team just added an additional year before they can even come close to breaking even never mind being profitable.