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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 ridingrocketson May 06, 2021 3:43pm
189 Views
Post# 33145322

Why I added more....

Why I added more....

I personally believe leading up to our next ER we would be sitting at least where we are today if not closer to $0.40 - This company was on the verge of making a true profit. A small one but a real one. They have the ability to grow what amounts to approximately 7ish%? of the Canadian recreational market. That is realistically obtainable considering they can not be beat when factoring in cost, quality and consistency. Even with the incresed shareholder dilution and market staturation I believe this company can still get to a projected .10-.15 annual EPS with their existing capacity. That puts us back to 2019 valuations. I do believe it is possiple. I do not like the idea of selling out to Canopy and cashing out. I as a retail inverstor realize my vote while counts won't sway this deal. I need Canopy to continue to drop... But I added more shares of FIRE:CT because the closer we get to our existing share price the more likely this deal falls through which means imho the more likely Tweed has something up their sleeve to boost their SP. At this point adding more FIRE:CT in the penny stock world is a fairly low risk move.
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