Pivotal MomentThis Thursday's afterhours financials will be a huge pivotal moment for this company.
The stock price is portraying the market strongly believes it will be a flop and produce another $12M quarter like Q1, with a drastic reduction in guidance for F2020. If this does in fact occur, the stock price will stay stagnent as these levels as this outcome is, in my opinion, baked in to the current stock price. Market cap for Supreme currently is less than CannTrust who we know hasn't sold a single porduct for over 8 months now since their license from HC was stripped away.
Now if the company proves the market wrong and knocks it out of the park on Thursday with anything over $20M+, or better yet, a $30M quarter with a re-confirmation of guidance, I wouldn't be surprised to see a minimum 50% - 75% day on Friday if the case is the latter. If CGC happens to surprise the market and beat estimates, Supreme's gains will be amplified even more riding on CGC's coat tails.