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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

Supreme Cannabis Company Inc. (The) > Analysts Project 7.9 million revenue for upcoming financials
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Post by Exponentialpick on Feb 03, 2019 12:31pm

Analysts Project 7.9 million revenue for upcoming financials

At 13,333 KG/4quarters - @$6000 per KG would give us roughly 20 million quarter. I have been thinking $12.5-$20 million. Anyone have any thoughts on why analysts think 7.9 million? Personally I think we beat this number considering, medical demand, recreattional deman, prior harvest reserves, insider buying and listing to the TSX so quickly. I Just wanted to get some opinions on next financial report and what you think the appropriate revenue range would be and why.
Comment by jpm59 on Feb 03, 2019 12:49pm
which analysts?
Comment by Exponentialpick on Feb 03, 2019 12:52pm
"Analysts project that Supreme Cannabis will report FY19-Q2 sales of C$7.9, which would represent annual growth of 372%." Link: https://www.newcannabisventures.com/41-top-revenue-generating-cannabis-stocks-ranked-as-of-february-1st/ This is all I am going off of. Saw it this morning and thought 7.9 million was light.
Comment by Southybird on Feb 03, 2019 2:04pm
I think they are under estimating the B2B sales this quarter, shareholders should expect to see higher profits here based on the company's business plan. Its hard to estimate the distribution timing for rec sales realized, but I think 15 mill plus is realistic domestically for B2B and Rec sales, even without guidance on Lesotho and Europe medical opportunities we know the demand will outweigh ...more  
Comment by Mrderalick on Feb 03, 2019 2:24pm
This Quaters results are hard to determine. Most shoppers bought site unseen, lots may have over paid for the likes of an Edison,Royal high,DNA genetics in the first 2 weeks when cannabis became legal. Those customers were burnt buy terrible bud and high cost. This Quarter is experimental, we all know as being investors in this company to try the product but the retail investor did not. All the ...more  
Comment by CanadaKid56 on Feb 03, 2019 3:59pm
Hey maybe this is  why the ceo and board are buying big time .... they know we'er going to beat the street.  
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