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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 brentkostaaon Feb 25, 2021 10:10am
327 Views
Post# 32657063

A friendly reminder

A friendly reminderThis stock moved with the pack of LPs in the recent market run. But it has now retraced over 50% in a week. It will keep falling. There is no support and a ton of short interest. 

This stock has no floor because it has no investor base. It has no institutional ownership. It is extremely diluted. It has a poor balance sheet. It is in an overregulated industry. 

There is little (if any) inside ownership. Only RSU's and DSU's are being awarded to management and it seems as if management is helping MMCAP make a pile of money from it. 

This is not a stock to hold. it is a trade when it slides into the teens. Nothing more. 
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