Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.

TSX:FIRE - Post by User

Supreme Cannabis Company Inc. (The) > FIRE Shorts to Apr16/20

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Comment by Methodon Apr 21, 2020 10:19am

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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FIRE Shorts to Apr16/20

They had over $100m in cash at the end of last quarter but the burn rate is high.

FIRE has also has a high burn rate to date. Hopefully, you are right and they reduce that burn rate going forward. I'm sure HEXO is trying to do the same.

johnale wrote: hexo is running out of money! they raised money in a last ditch effort to stave off bankruptcy. it's a completely different situation.

Now your talking about a more reasonable risk adverse approach. with regards to supreme.
small raises after each quarter and start buying the debentures below par.

that's a reality that equity holders can live with - and allows the equity to rise should revenues reach levels expected.

if revenues are rising with the new demand reality in the sector, and new products being put out - and fire becomes cash flow positive - then all bets are off on what they need to do.