RE:RE:RE:RE:RE:Well this will get hammered tomorrowOptGreen wrote: Exactly, cash is king and credit with A rated terms is not available to many in an industry that looks like many here today won't be, at least not in current form, around a year or two down the road.
The investment is there for FIRE but they won't be seeing anything much of it if they do not get back solidly in line with guidance for current quarter...KK will be on the menu in coming weeks, with Euro CBD/ Wellness, vape/ Pax will be onboard in the next quarter or two....Brand of the Year for 2nd straight year, quality the exact target niche for the rest to start focussing on if they are to suvive, which won't be under crop in mil sq ft grow ops, let alone if they can grow it at all on a consistant basis?
If the sector was all green with FIRE all red and sucking hind teat I would be concerned but everything seems to be pretty well on track to meet or exceed guidance going forward, JMHO...Opt
theTransporter wrote: OptGreen wrote: Haven't gone over report in any detail yet but there does not seem to be anything earth shattering here that would have cause for concern, it is not like the sector will be running away on FIRE any time soon, if at all. JMHO....Opt
BMO doesn't see any cause of concern either with the $90 million of senior secured credit facilities they have provided to Supreme. There is a significant amount of due dilligence behind BMO's decision to extend this lending product to a compay. It's non-dillutive and low interest. Very few companies at the moment have access to this type of financing.
This qualification alone may attract investment as it demonstrates a level of confidence in Supreme's business model and financial prudence. This alone may lighten the blow we see tomorrow.
..There is no question...Bank of Montreal vote of confidence is a shot in the arm for Supreme and us investors as well. Aside from all this, the whole sector is taken a hit, but the report looking forward looks to be on target. We lost JF, the 3 rooms, but hopefully lessons have been learned. We have the recognition of Brand of the Year 2 years in a row to build on this positive news. I believe the situation will turn for the better and quickly. Whether it's new investors coming in, a partnership with big pharma, and/or a major refreshment company joining in to compliment the existing situation. Time will tell...if we hold the current price and possibly start going up slightly we would have proven the company has a bright future....