OptGreen wrote: There is really no comparison here in several areas bk, APHA currently has 8x the MC but doesn't produce the level of quality FIRE does and the quality is what matters which is becoming much more clear as the market evolves and more folks get to try the FIREherb, of which is sold out in short order where and when available.
FIRE is consitantly recognized for the quality menu across the sector but just does not supply the quantity of product that APHA, ACB, WEED, etc do and quite probably never will. As this sector correction/ reset clearly shows SP levels were all hype and now few are able to justify even 30-40% of their highs...FIRE is the opposite, as they are just starting to produce/ sell any quantity but their net margins are already sweeter and they will be first to realize real profit.
It appears there was disageement in house with Fowler on the business plan execution with Fowler wanting to stay the course and proceed with the B2B supply format and the 'ultra premium' facility as opposed to in house packaging and putting the 'ultra' facility on ice for the interim....I think the ultra facility is a winner but they need the core business up and running now to pay the bills, gain market share and survive. The packaging in house, a no brainer for me, once fully up to speed will increase their production/ sales big time and give them much more control going forward.
FIRE remains recognized as a top tier company in the sector even at 15-20% production and will not need any more cash to get up to 50%+, while being in the lead on real profit realized, there is nobody close at this time and probably won't be for some time as they continue to try to show profit out of all those sales?
Insiders are buying, marketing and sales are the focus, hopefully the former APHA hand that jumped ship is of their better quality assets and will get things up to speed. The product is selling itself at this level of production/ sales but there is much more to come and there will be some competition going forward. As much as the SP has been pared it remains in as good a position in the sector only better and we will see a $3 SP for FIRE before we see a double for the rest and FIRE will be just north of 50% of full capacity, JMHO....Opt
brentkosta wrote: maritimedreamer wrote: actually the east coast has a bunch of micro brews and per capita we rate as one of the higest in canada. thats the amazing thing about your narrative here..... you are trying to say that noone drinks the big corps beers anymore and that is clearly not the case...... the thing about consumer preferences is that it is diverse and has many price points and with that different offerings. Some poeple drink both no? some people only craft and some big corp?
Pretty sure Supreme has said since day one their product is all called for ... ie there is more demand then supply and that is a good problem to have no? this is why they went with 50k kg not 500 k kg of low grade to mids..... APH may very well have their market share but so will Supreme..... you are saying there is a rapidly growing smoke market? well show me those facts...... the distilates and shatters etc are increasing yes.... and for mid grade flower that demand is falling.... but the demand for quality cannabis is not and the price points have remained relatively stable as supply has increased. See the thing about first mover advantage is that supreme has already captured the market for premium offerings.... an that was with 4 skus (White widow, Wappa, Jean Guy, Sensi Star) now they have Jack Haze out which is very well recieved by many consumers. This is jsut the beginning of SUpreme's quality flower offerings.... you don't think Supreme has better flower coming down the pipeline? Have you not heard of Khalifa Kush? Ya we own the rights for that and it is a huge seller down in the US......
i would agree with you large scale is dying.... Isn't APH in that books? How about the massive risk they run with the automated facility? once infestation and a whole facility can be lost..... You say micro and craft is taking over and i would agree wiht you...> Supreme is craft ....... supreme already has the identity and their brands are proving to be well recieved.....
Red: I have never said that. Only that big brew sales are taking a beating. This can be proven their earnings releases.
Green: I knew youd try to use my words against me. But APHA is not tyring to be a large scale cannabis producer. Whereas Supreme is trying to be a large scale premium flower grower.
In my opinion, you drank the koolaid that supreme has been pushing on share holders. If people agreed with you the share price wouldnt be at 70cents. ANd you will say, "but the whole industry is down". THis is true. However its at 70cents because it never gained traction. Because nobody cares about Supreme and their flawd business model.
The management is garbage. They have no vision. They can grow average weed compared to black market. OTher than that, they offer nothing. This is a brand that nobody cares about (outside of shareholders). Almost daily I speak to people slowly going over to the licit market and ask them if theyd tried 7acres. Theyve never even heard of it. Blame Health Canada for that. But the reputation is not proceeding them. Noboyd cares about this weed. There are no brands in Canada. Sales are what will matter. Variety. Supreme wont offer either.
They will be a decent large scale craft grower tho. Im sure APHA will buy them out when they hit a dime/share. Like big brew does with decent micro brews.