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.

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Supreme Cannabis Company Inc. (The) > Stifel re-initiates on FIRE w/ Hold and $0.30 price target

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Comment by Methodon Jul 22, 2020 10:52am

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Post# 31301732

RE:RE:Stifel re-initiates on FIRE w/ Hold and $0.30 price target

New analyst but same laziness. I used to have that job and a lot of it is copy and paste. Bankers probably forced them to re-initiate in case there is an M&A deal or financing fees coming.

johnale wrote:

That's the same report reposted from May - no changes with the caveat at the end:
Giventheabove,FIRE’sprofitabilityoutlookwilllikely dependongrowthinRECchannel volumes,forwhichourvisibilityremainslimited due to: 1) recent management changes, 2) longer sales channel shift, and 3) market impactfromCOVID.WithFIRE’ssharesfairlyvaluedat~4xCY20EV/sales(peers4.5x), we maintain HOLD and lower targetto $0.30based on 12.5x (10xprior) FY21EBITDA.

obviously I get where your coming from - let's not get our hopes up too high for q4.

but I'm cautiously optimistic we will be way better than what they are predicting.