Supreme Cannabis Company Inc. (The) T.FIRE

Not so good news

[Gilbert90]

SQDC's sales (40 Millions for 3 months) represented 35% of the volume - or approximately 5.7 tonnes - sold on the Canadian legal market. The average price per gram was $7.27, including taxes, in Quebec, while the Canadian average was $9.70.  So it means around 155-160 Millions in sales for the ROC. Not so good news because to get 15-20 Millions sales FIRE would have to get around 10% of the sales shares in Canada.  Which is to big of a % to get.

[HouTx220]

My personal opinion was they would come in around 12-15 Million (Max).  Just based on all the same info that's been made public (grow room approval, growth cycle, timing, etc).   Curious is the number you quote strictly "Rec", if so I'm sure Supreme still sales product under the "Medical" classification? 

[maritimedreamer]

this is the 10-20 mil question isn't it...... this next quarter would be both rec and medical..... so did thye send some down to tilray how much? bliss co? emerald? ACB? (does acb still offer supreme for med?)...... then we would have our contracts in provinces............ to me what will be the real impact owuld be our profit margins...... bottom line..... how well does premium sell for

[maritimedreamer]

would this not be an issue more with supply then anything? we also need to remember that Supreme has yet to tap into QC market... so we would not know what sort of market share they would capture once they enter. BUt sadly there still seems to be alot of headwinds for the cannabis market...... 

[Gilbert90]

@ MD : I did take in account Quebec.  If Quebec had 35% of the volume with 5,7 Metric Tons. the ROC +Quebec sold 16,3 Metric Tons. (100*5.7/35) at an average price of 9,70*$ a gram = 158 Millions$ 10% of it being 15,8 Millions$ I find it hard for FIRE to have this piece cake (in%) *I took the ROC average price to ease the maths and though of the sale FIRE made to others cannabis L.P. that

[Gilbert90]

@ MD :  You are right, I didn't take in account medical sales. but I took in account sales to other L.P.  Like usual, I hope that I wrong in my numbers and that FIRE will have 15-20 Millions $ for the quarter