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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

Post by Ziptrainon Sep 12, 2020 3:31pm
158 Views
Post# 31548743

Buy or Hold ?

Buy or Hold ?Think I will just hold.. no... maybe just buy some more. Government put a stranglehold on the largest market (Ontario) in the country since legalization probably looking for a slow rollout so as to not ruffle any feathers on the political stage at a Federal level. At a Provincial level the only way you could purchase product was through the government website OCS. That broken monopoly of a system the Liberal gov'nt introduced is now thankfully changing to an open market. Sales under this previous system were thin due to inconvenience and cost. This opened the door for the institutional investors  to jump on negative news and short the market to the point of bringing the industry to its knees. (They are so smart) I would imagine a high percentage of trades originate from south of the border. Question now becomes will this company survive? Personally I think Yes. The large institutions have too much of a stake at the end of the day to make it completely insolvent. Brand new state of the art facility. Great product. Distribution will be set up centered in largest provincial market. Strong management. Time to add to my position for long term. Just my thoughts. Full disclosure.... I haven't been right yet 
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