Sorry GuysAnyone can find flaws if they dig deep enough, but to date Supreme has maintained its commitment to producing premium product while complying with the ever changing governmental rules and guidelines. Supreme has shown great flexibility adjusting to those changes while being fiscally prudent. Board members are reputable individuals, and the company has been able to attract world class talent, no small feat in a new industry and a penny stock start up company. Obviously they believe this company has potential. Most companies have been plagued by questionable practices, unachievable projections, and the only reason certain companies are still maintaining a higher SP is because investments by major corporations. IMHO
Am I happy with the SP of course not, but it is beyond anyones control, no one could have predicted all the shady practices being utilized and contributing heavily on this major correction.
As everyone is restructuring Supreme will gain market share, and will now start producing at full capacity.
I would be happy with anything above the 15 million dollar mark for the next Q and maintaining guidance. IMO this will be a slow grind regarding SP in 2020, but if investors regain confidence 2021 SP could see acceptable gains.
No company is perfect but to date I believe Supreme is a leader with its flexibility and efficiency relating to the neverending changes. They have shown integrety and professionalism from the beginning.
They're handling of the the Fowler and Nav departures were low key and I believe handled extremely well by the company and both individuals.
Excerpt from the NR shows what the company has done and where its heading.
The largest portion of the facility, about 250,000 sf., is dedicated to cultivation. That space is divided up into 25 10,000 sqft. rooms, each of which houses a particular strain through maturation to harvest. By growing in many, relatively smaller rooms Supreme is able to maximize the growth and production of each strain in its own ideal environment. The company is also able to smooth production levels by staggering the start times in each room, ensuring a consistent flow of supply to the processing and packaging divisions.
Each cultivation room is controlled by automated systems that monitor and adjust air circulation, humidity, lighting, and CO2 levels. Artificial lighting is supplemented by natural light from the glass ceilings featured in the facility's hybrid greenhouse design. Supreme Cannabis' staff supplement the automation by regularly tending to each plant and to achieve a uniform crop that produces a consistent high quality product.
When the plants complete their growing cycle, 7ACRES harvests an entire room of plants in one day. The full plants are hung in drying rooms for two weeks, and each 1,500 sqft. drying room can accommodate a full harvest from a 10,000 sqft. cultivation room. 7ACRES believes this drying process is essential to preserving the delicate balance of terpenes and cannabinoids, resulting in a truly premium end product.
When it comes time to trim and process the dried cannabis plants, Supreme enlists the help of a machine called the T-Zero trimmer. All dried plants are run through the T-Zero for initial trimming. Each bud is then hand-inspected and hand-finished by staff before the packaging process starts. The T-Zero has increased the efficiency of 7ACRES trimming operations by about 400%.
The packaging process also benefits from recent automation. Since November 2019, Supreme has installed two high-speed bottling lines, each capable of packaging about 12,000 containers of finished product per day. The systems ensure quality bud selection and automated fill levels, contributing further to the company's commitment to consistent quality throughout its operations. Once packaged, each bottle is stamped, labeled, packaged for shipping, and stored in 7ACRES' 10,000 sqft. secure storage area as it awaits shipping.
IMHO