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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 Stockjayzon Mar 31, 2021 10:06am
163 Views
Post# 32913298

Supreme Adding New Lines to its Own Recreational Products!

Supreme Adding New Lines to its Own Recreational Products! I saw this on @Reddit /SPRWF this morning.

although personally I think the group @ /SupremeCannabis on @Reddit are more knowledgeable.

regardless, if this is a rumour or true (because I couldn't find a News Release, but I've missed them before)...so here's my take on FIRE.CA: (TSE) / SPRWF (Nasdaq)

Supreme Cannabis is a Class A Grower & Manufacturer of TOP GRADE Bud, which users will tell you is FANTASTIC!

(*there's a reason Shoppers, Tilroy, and other retailers they whitelabel for, purchase for them! Same goes for the international buyers of Supreme Products...

Read more here; https://www.newswire.ca/news-releases/supreme-cannabis-expands-international-medical-cannabis-shipments-888825226.html
 
It seems to me the stock is stuck between $.27-$.30 until news or a breakout, almost saying that it wants to go up, but it needs the buyers to step in.
 
I think this CAN affect the stock price today and push it over $.30. If we can break $.30-$.31, I think we’ll start moving toward the upside closer to $.50-$.60 prior to earnings like everyone said Beena is doing a fantastic job increasing sales with higher margins and they have multiple revenue streams; 
 
• Manufacturing & Growing 
• Multi Year Supply Contracts with giants Shoppers Drug Mart, Tilroy, etc.
• and now Beena sees the recreational space grew year over year by 70%, so I imagine this news will greatly impact the recreational numbers with higher margins and also will need more of a brand for the retail products they have to be under FIRE   (great name and logo, an emoji logo would be amazing!)
 
Summary; I think we have an up day today  and break $.30-$.31, we’ll see some real breakouts on continued news! (ie up $.20 another day, up $.60 another day, etc. and perhaps hit $2-$3 prior to earnings with multiple analysts recently upgrading Supreme Cannabis to a Strong Buy based on Growth & Execution by their New CEO! 


Strong Buyer & Holder Because I Believe in 3 Core Things Supreme Cannabis Has;

• Great Product (better than competitors in mine and many others on @Reddit and across the web)!

• Great New Management! Beena Goldenberg has been an incredible asset as CEO and while yes, share dilution was an issue prior to Beena as they ran the company a bit lopsided without a specifi revenue path they wanted to focus on, Beena made up for that, issued a bit more shares to help with cash on hand which BMO invested almost $40 Million in at $.31 per share with warrants @ $.40, which I believe tells us BMO likes what Beena is doing with current and ramping up product lines and distribution and relationships, local, international, medicinal and recreational - with a great supply chain and WHEN the US Market officially becomes LEGAL, Supreme Cannabis will be in an amazing position for an acquisition, merger, or acquire, a great problem for them (and us) to have! Since I think the valuation of the company is only down because of the share dilution, but the market cap is $200M, for a company that SHOULD be worth and able to get $3-$4B in valuation! Which would get either us shareholders on a sale or via stock price, Supreme Cannabis trading at $7-$8 per share!

@.$30-$1.00 Supreme Cannabis is a Strong Buy in my opinion where their headed, their focus, and the market will catch back up to them once they see they missed a few amazing quarters and start upgrading the valuation numbers again to $7-$8.

Be Patient. Buy & Hold, & You'll Make Lots of Money with Beena Goldenberg & Supreme Cannabis, the Most Undervalued Company! 

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