RE:RE:Prices must come down...This is not complicated Fast, the sector, the marketplace and all of the companies in it are in their infancy and FIRE is probably the only one that is close to fairly valued....today it is a $40mil a year company which won't even keep the lights on and the staff paid let alone pay down debt or show any profit. While WEED, ACB, et al are on the opposite end with unjustified SPs today and as the market finds it's product price ranges and the products that this new consumer base demands....Linton was a prime example of the correction required to survive and be profitable going foward. Constellation can see this and is going to try to make the necessary corrections now before it is to late.
The FIREmenu will always be in demand and top shelf while maintaining it's pricing because of the quality of product and of what I hear and can see the product is selling out across the country, all with more high/higher quality products coming on line soon and going forward. Today's SP levels in the sector are upside down and as FIRE continues to maintain and increase demand while much of the grass offered on the shelf today sits and those that produce it increase their losses or change.
With the addition of going concerns like BlissCo and Truverra we should see positive growth/ sales in the short term with an expanding global footprint there is no where but up from here for FIRE but not with out sales/ revenues and $10mil a quarter is not even close....we should be in the $20mil range at a minimum for last quarter sales, with continued solid growth Q over Q going forward, of which must be the case with the latest expansion of management and push into Europe.
Only sales/revenue and net margins will determine the future of all in the sector and FIRE is positioned considerably better than any of the rest to achieve and maintain the success and growth necessary going forward...SPs in the sector today say one thing, FIRE is a steal while most of the rest have plenty of fat to render from here, JMHO...Opt
Fastlane2 wrote: People invest in companies for many different reasons so I'm asking the Supreme forum if they can honestly explain why the company is unloved by the masses as the stock sits at $1.36? I know cannabis stocks are currently out of favour so don't say that as FIRE has been stuck at this price for three years. Since unwinding my position some time ago and possibly looking for an entry point I personally can't pull the trigger again. If the fundamentals are as promising as some of you boast why does this company lag it's peers? Does the investment community know something different than the retail investor?