RE:Take-over risk is large nowPossible joh but there is a lot of dark grow sq footage out there already as 'bigger' is not better in this industry, at this time....there would have to be a very sweet deal for for many SHs to consider it in the first place and the belief in the post takeover company would have to have the buy in by the folks employed as most were/are dedicated to this company and it's success.
There is more small batch, by others, offered all the time in this new market to achieve the quality required to meet consumer demand because they can't just create that level of quality by just adding sq footage and growing. Plus like you say with debt under control and the changes made over the last couple of quarters have provided that much more incentive for the SHs and employees to take advantage of that light they see at the end of the tunnel today....if you don't have the buy in from all you just have more sq footage, albeit the nicest sq footage in the industry but that doesn't get 'er without the rest.
FIRE is a going concern on the right track now but to just be taken over it would be just more sq footage, in an industry with far more sq footage than needed and too little of it producing what the consumer demands, JMHO....Opt
johnale wrote: With the debt a non concern at this point - and MMCap owning a pretty large portion of the equity - supreme becomes pretty high risk for a takeover as the sector is prime for consolidation.
Unfortunately they hold a pretty large stake - and could accept .45 cents from an aphria or cronos or canopy.
supreme would be pretty attractive at this point with emerging brands in the market and no cash burn with completed infrastructure.
easily add 40++ mil in annual revenue to an LP - get more market share - and really dominate rec market as retail expands.
Mmcap gets their money back quick......
not what I want - but it's a real risk right now.