RE:The elephant in the room.Fowlerprowler wrote: No one in the cannabis space ever mentions what I consider to be the limiting factor, or headwind for the entire industry. Many of the would be consumers are in zero tolerance, safety sensitive jobs. So, if you can be screened at will by your employer, or as mandated by government agencies, most people will make the sensible choice and not risk their livelyhood for a temporary high on the weekend.
Supreme was founded on the premise of producing quality flower at scale, and borrowed heavily at high interest rates for facility improvements and aquisitions. Now, it would seem smaller companies with less debt load will have the competitive advantage going forward.
..Most sensible people know not to mix their recreational habits with their work. The ones that do not...well it could mean a career change...like selling pencils at the Met store. MJ is a legal product...no longer stigmatized...in fact praised by many doctors, and famous personalities. As for big companies, small companies...well it's the ones that are diversified that will win in the end. Supreme is diversified, Supreme has quality, they can afford to drop prices because they now have the capacity to grow mega kilos. Their utilities are the envy of the industry, they have had the blessing of Kinkarden, from council to firemen, and police, so with all due respect your analogy does not apply to Supreme. Yes they have debt but interest is tax deductible. They are producing and yes distribution has been a factor however they now have Humble and Fume, and Ontario is opening many outlets...things will only get better from here and at these prices Supreme stock should do very well....maintain