cibc world markets prior coverage fire:ct
CIBC previously covered this company. While what they said at that time can't be used to desciminate todays company, one of the last couple of things they said about Supreme was:
1- the heavy lifting in righting the ship from wholesale to retail appears to be complete
2- the only thing at that point was to find a proper full time CEO whom shareholders could get excited about
Fast forward to today. Again what is available via Investors Edge when researching Supreme is no longer to be deemed reliable as CIBC dropped coverage approximately a month later. But what we have is a company, Supreme Cannabis, that controls their grow process from seed to the point of distribution. No outsourcing unless an emergency arises. Nice to be packagaing and extracting in house. Coupled with their reputation as a wholesaler of higher quality products there is no reason why they can't get this company on fire. A solid product with poor management will keep a company afloat longer than a poor product with a solid management team will. That was 2019 early 2020 for these guys. Colin Moore of Starbucks Canada pedigree stepped in on the interim and was able to use his retail experience to get the ship going and brought in Beena Goldenberg. Bankruptcy appears to be off in the rearview mirror now. Supreme continues to expand on the number of dispensaries holding their products and their products are priced at a fair price where the quality can't be beat. People want to pay as little as possible for the best possible regardless of the product. Biggest issue with 7 acres is being dealt with. Packaging and strain variety. Things are blooming for fire:ct... That being said I hope CIBC World Markets picks coverage up again of this company in the somewhat near future. I would like their take on where things were to where the are now. Until real news comes from Supreme sit back and relax. We won't be learning about something through some runofthemill website whathaveyou. Supreme I'd anticipate will continue to demonstrate the professionalism we have been witnessing over the last year. So till our next quarterlies.... Have a great day all!