RE:RE:SP in Free Fall & No volumeA real gift
or a real nightmare. As much as I see potential in Supreme as much as I see risk of complete failure. They don't have enough production capacity for the market they are targeting in the country. Right now they only focus on a market of approx 900K canadians and they can only produce for approx 200K consunmers. Not being able to answer the demand is extremely dangerous. Plus although I like Blissco the logistical cost of having them located in BC while the production capacity is located in Kincardine (Ontario) doesn't help for long term efficiency either.
They should target for a production of 100 000 Kg of weed/annually at least.
They won't have anny problem to sell their products even with too much products avalaible on the market from competitor (Supreme being another class completly).
OptGreen wrote: Now that would be a real gift, I would have to add and I've been full for years....the sector is pretty well all red, most are below 50% of 52wk high, FIRE is still above. There may be some significant losses coming for others, looks like WEED will have a loss of $55mil.
Fire n' Flower has Jean Gee and White Widow back in stock...restocking is getting much quicker for FIREherb and should improve from here as they ramp up at 7ACRES, handsome rewards for those that own and even better for those that average down, JMHO....Opt
RealistGhost21 wrote: It is going down not just this week but for longer. We might see a SP under $1 CAD soon.