fire:ct buy and stop looking at SP imo
A lot of people seem to fail to realize how close this company was to BK. Supreme in late 2019 early 2020 was a mess. Look at what the analyst were saying as of last September, they were all doubting Supreme would catch more market share and continue the upward trajectory. Enter last Quarterly's and the analyst in back to back releases were shown otherwise. Supreme's market share contiues to grow. Humble & Fume are the driver behind increased listings and retail dispensary availability. *** once bitten twice shy. there are a lot of people who have been burned on cannabis in the past and are hesitant to reenter the market. It's not that they won't it's that they want more clarity in the market first. Supreme looks as sexy as any penny stock that I am aware of. Looking at their increased retail presence since Humble & Fume came on board tells me all that I need to know at this time. Almost half of those new listings came in the last quarter alone! My personal experience is that Supreme provides the most consistent quality product at a fair price. No other LP in the Canadian sector can match them. You have to spend typically arpund 50% more to get in their conversation. Most people don't have unlimited resources for pot. Best quality at the best price is a winning formula. The lack of marketing options leaves us with people experiencing what I have experienced from 7 acres. That is a quality consistent product at a rock solid price through multiple purchases. This takes time. HiWay will do well! People online are already referring it to the best weed you will find in the price range. This has only started to roll out last summer and only recentlty PRJ's came to Ontario. There is a market for value and Supreme will be a major force in it. Other value brands are providing crappy buds full of stems dry and brittle whereas Supreme is putting out a higher quality product in that segment. It will gain traction.
We've had supply agreements with other LP's in Canada in addition to Tilray. Supreme was intially wholesale focused. Tilray has been purchasing from us via private label for a few years now. They are not buying us. We give them a quality consitent product at a low price. Easier than growing that cheap that good. Supreme has always been known for consistent quality... The vultures were circling Supreme and some still are it seems. They should go find a different LP. Supreme is not being bought out. Aphria wanted us in the past as did others. I believe everyone was lining up for a liquidation sale and got left at the alter. How much is the 7 acres proprietary strain Jack Haze worth? Supreme imo wants to be a leading player in the industry. They have the facilities for the volume required, cash on hand, and most importantly a quality consistent product. Be patient. Let the shell shocked gain more confidence before diving back in to the industry. The upward trajectory is coming...