Fire got to move NorthThe next 3 quarters will be crucial for this company. I don't expect a home run in Q2 but 25 million range would definitely bring back confidence within the retail investors.
Colin Moore also need to provide updates on all aspect of the business in his Q2 report. I'm a strong supporter of giving a start up company a chance to build a solid foundation and progress the proper way with strong fundementals, earnings etc but shareholders also expect to see value therefore during 2020 this company has to start showing value for its shareholders.
I'm still fine with the current progression as long as the company maintains its guidance. Many companies have provided unrealistic guidances and are now faced with class actions against them. This industry has been plagued by deceipt, fraudulent practices, it is time for what is perceived to be solid companies like Supreme, Aphria, Organigram to instill confidence within investors.
Everyone is aware its a new industry, many mistakes have been made, but it is also time for companies to prove it is a lucrative market, and attract investors. I never listen to analysts, their projections change on a daily basis, and means absolutely nothing. Earnings/profit/balance sheets dictate valuation and SP. The market allowed this new industry to imitate the .com bubble and now investors have to wait for this mess to find some type of order.
Supreme is at a stage where it has to show strong financials with growth for most quarters moving forward.
Its always labelling themselves as one of the top producer of premium cannabis in the country, they have a great chance in 2020 to prove they are in fact the number one producer of premium cannabis, as long as what has been provided in NRs and guidance is met.
IMHO