RE:RE:Great news - no love thoughThat sounds pretty close Fast, it follows the timeline from when sales/production started to pick up, through guidance, LOC, etc....the B2B had to go, never did like that plan even with the solace of minimal cost of production, but the B2B should have allowed for much more grow and in turn much higher sales? No they just weren't carrying enough area under crop and obviously no large client list.
Overall FIRE is still further ahead than most due to the sector correction, with little more than getting their azz in gear and exceeding guidance...they don't need to re-tool, with the exception of the new assests required for the in-house packaging.
What is the intent of "quantity sold"? Is this saying their cooking the books and siphoning some green along the way or that they are overpaying taxes to manipulate markets? They seem to be pretty clean or BMO wouldn't be handing them a $90mil LOC at all let alone A terms....they have to be solvant and will continue to be through the terms of the agrreement.
Many have what appears to be bigger fish to fry than FIRE so the sector won't be running away on them for now and that gives them a little breathing room while they meet or beat guidance, or very close to it at a minimum and if they are focussed on expansion of customer base they are going to need be at or near full grow area capacity, one would think. It sounds like Dhaliwal/ team are well aware and are on top of it and we will know for sure sooner ratherthan later. I think they will do it but they will need the numbers and soon, JMHO....Opt
Fastlane2 wrote: Spoke with a trader today in downtown Toronto during a business trip, I asked him straight out what the heck was wrong with Supreme? He told me it was a retail stock and not a front runner yet. The company failed with the B2B model and it failed to promote itself in the early years and it didn't catch the market's eye in time. I asked him about fundamentals, his response was that things were turning around and there is interest but Nav has to prove to the market that it can stand alone with it's earnings. He told me that Ontario is key for market penetration and distribution across all sectors matters (happening now). He had mentioned that 2020 is a make or break for Supreme and that market participants (fund managers) won't touch the stock until earnings are positive and consistant. One note he had commented on was the fact that Supreme isn't transparent with 'quantity sold'. He really liked that the board of directors is seeing a facelift, he said that it was due and refreshing. GL.