RE:RE:RE:RE:RE:RE:Record Sales Pedal - brand development is a process, and up to know I think it's been more of a price war game - but the market is growing month over month at a significant rate.
Canadian retail was 257 sept, 270 oct. record revenues.
Medical expansion with shoppers (as opt mentioned) - USA legalization, you can go on about the potential revenue streams and ultimately bull case for the sector and fire.
So I think it's a matter of time for supreme to
reach those consistently large revenue numbers. It's just been taking a lot longer than we would have liked.
Q2 will be interesting for sure. Don't doubt she hits her targets - beena knows what she's doing.
Maybe there are better opportunities, but I have a hard time selling a stock when it trades at less than half its NAV - and growing revenues.
this stock should easily double or triple and no one would blink an eye to say it's over valued. You can't say that about a lot of other potential investments.
it's just a waiting game. Q2 will be another step. Q1 helped create a floor for the stock - hopefully q2 and some real rec rev growth will propel it upward.
Pedal2themetal7 wrote:
Not disputing your analysis, and agree with the majority of your message, the only thing I'm getting at, is unless this company reaches the 20 million per quarter, if they ever do, it will be stuck in the mud IMO.
while they are slowlllllllllly ramping up, other companies are swallowing market share, working on improving quality which will start matching Supreme and again be a step behind.
Supreme has the infrastructure to be in the top 5 and somehow is falling behind the competition every quarter.
Look at the competition, all trending upward, and I know I'll be labelled as a basher but a nickel jump for a penny stock at the dime level doesn't cut it IMHO.
Look at Aphria since April, or companies like Canadian Solar and or StoneCo Ltd limited if you want to see a bull run during a pandemic.
Again, is it a production, distribution or management issue resulting in these meager numbers.
The numbers I posted are from their site, and IMO this company is failing to deliver at the level they should.
Retail investors are left in the dark. Let's say they would only produce 25000 at $3000.00 a kg it's still 18,750,000 per quarter and 75,000,000 a year.