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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 watchmeplzon Oct 28, 2020 10:25am
70 Views
Post# 31795121

RE:RE:RE:RE:RE:RE:100% gain is actually pathetic

RE:RE:RE:RE:RE:RE:100% gain is actually pathetic

In my opinion, afloat for how long is the question, no one is even remotely thinking of financing something with 450+m shares o/s let alone this co in a market where no companies can even legitimately break even. Increasing sales only is a good thing when sales are done in profit not at a loss. The dynamics of growing dont scale, you have more plants then you need more electricity, more employees for care, larger space, more tax, etc. Which is why we've seen so many facilities ditch building out their facilities.


It don't make sense to grow and sell through the LP channel in Canada, eom. 




HorsesforCourse wrote: They have enough cash to keep them afloat, allowing them for time to grow sales, they are closer to profitability. With many retail stores being added + increased product breath, that is the key to maintaining, for now.



 

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