Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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 Discussion

View:
Post by OptGreen on Dec 12, 2018 1:06pm

Sales

Manipulation and bottom bouncing will be the order of the day until there is material sales/ revenue confirmed...everything else, more grow area approved, uplisting etc will be just a plastic bounce at best, we need the green. An approved top shelf facility and or trading on the top exchanges on the planet are nothing without the green coming in to substantiate the value of the company...even if it wins Product of the Year.

We need to see solid sales growth this quarter to start anything sustainable in higher SP levels....we need to see $15-20mil in sales this quarter, which needs to be the monthly sales by 2nd half of '19. estimates and promises will ensure more bottom bouncing and plastic gains on the upside. If we are to see uplisting by years's end it will need to have a solid sales NR first, JMHO....Opt
Comment by Southybird on Dec 12, 2018 1:16pm
With all that being said, what type of sales would they be able to report to market prior to year end ? Isnt the earliest they can report next in March ? like you said sales are going to drive institutional investors to the sector in coming quarters which should help with maintaining share price. Deals in Europe are also important as those will be attractive revenue streams. Does anyone know ...more  
Comment by maritimedreamer on Dec 12, 2018 1:24pm
only from reading the NR it does sound like they are looking to bring KK to canada.... with that in mind they can't ship it over federal borders as still illegal in US federally so i believe it wuld be safe to sssume that they will be grwoing KK @7acres. I think they also mentione dwith their colab that maybe other strains will be coming that they will work on together...... i think Supreme ...more  
Comment by Southybird on Dec 12, 2018 1:39pm
Yeah they are going to clone the strains using existing genetics - essentially they bought the recipe you could say. I like the deal as it opens up the brand to a broader audience, specifically in the rec market.
Comment by OptGreen on Dec 12, 2018 2:01pm
Agreed South and I won't be selling either, nothing has changed with the potential of the company except for improvement but nothing is going to move the SP but sales/ revenues the rest remains speculation at this point and much of it like Europe/ global or KKE realization of revenues is down the road, starting 2019....as the sales/ revenues start to confirm the proposed/ estimates, news like ...more  
Comment by maritimedreamer on Dec 12, 2018 1:21pm
opt,  if our grow rooms are not fully ocmpleted by say feb.... then it will still be months until we get a HC approval. After that we will then need a few months to grow the first crop, then several weeks for the curing process. That being said, i do not believe we will hit that run rate second half of 2019..... it would probably make sense more beginning of the next year...... but then again ...more  
Comment by Tomharley on Dec 12, 2018 1:43pm
I can walk in a store and buy supreme. This means the build out isnt even necessary. Supreme is scrambling now to advertise. If John builds it. No one came. For these reasons, 1.45 shareprice. Lower then daily average over 2 years ago.
Comment by Bever73 on Dec 12, 2018 1:57pm
Stop your bashing! (What kind of response do you expect from opt lol)
Comment by OptGreen on Dec 12, 2018 2:22pm
I don't think they are that far away on most of the remaining grow area md, we have 90,000ft2 under crop now, since early Sept, producing ~1/3rd of fully the operational facility...there should be no problem hitting $15mil this quarter and $50mil by 2nd quarter of '19. The entire legal MJ market roll out is slower than the 2nd coming but the quality of the management team needs show up to ...more  
Comment by maritimedreamer on Dec 12, 2018 2:36pm
i guess what it really comes down too si what type of revenues would be expect on 90k grow space? they will be running the 90k for the qhole quarter.... so it may give us a better indication of what it will look like once their grow space is three fold. Again..... i'm just trying to make sure my train of thought is reasonable......... 
Comment by OptGreen on Dec 12, 2018 3:27pm
90k is ~a third of total existing facility grow area which was estimated to produce 50,000kilos a year...add the increase in actual yield of product produced to date and we should see 13-15,000kilos per quarter or 4-5,000kilos per quarter from current grow area under crop...we should be seeing 4mil grams at ~$7/gm packaged $20mil+ per quarter from current grow area on the low side. We are in very ...more