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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

Comment by theTransporteron Aug 27, 2020 10:11am
114 Views
Post# 31459914

RE:RE:RE:RE:I bet you there is another cash raise in the works

RE:RE:RE:RE:I bet you there is another cash raise in the worksNothing but pure historic patterns.  Good chance of being wrong, but just stating that everytime I have observed a long downtrend like this with continued daily selling and huge asks, there was always an NR shortly after that indicated a financing raise.

If it's not the above, then I have absolutely no clue how to explain the logic behind this unless there is a general expectation by the market that Supreme will fail to demonstrate improved numbers in Q4.  The good thing about this is if the market prices in poor financials, and the opposite is true where they knock it out of the park, the stock price should react very favourable for those invested at the time of release.

If they demosntrate a $100M annual run rate at minimum going forward, a $60M market cap is just plain insane valuation.
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