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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 Lou793on Nov 17, 2020 7:43am
163 Views
Post# 31912858

RE:RE:ghost your the one

RE:RE:ghost your the oneI think you both have some valid points.  I'm a holder of the stock.  My opinion:  Beena is trying to cost cut herself to profitability without scale.  Can a small player like Supreme, with all the regulation the Canadian government puts on advertising (there is no ability to get Ryan Reynolds to put his name on a cannabis product and grow sales expediently).  As well, the $.3 mil positive number on the income statement is a tweek in the inventory valuation in the COGS section.  Hiway is critical in moving inventory (product).  Whether its being moved at a loss, break even or at a slight profit, who knows.  The cash burn needs to be accessed, if there is one, as well as any impairment on inventory valuation.  My hope is that Beena’s goal is to make Supreme attractive enough to be taken over or merged with another company.  I think scale will be everything as the market shakes out.  I'm along for the ride.
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