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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) > Projected FY-Q4 sales for FIRE
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Post by Gilbert90 on Feb 10, 2019 9:42pm

Projected FY-Q4 sales for FIRE

...Analysts project that Supreme Cannabis will report FY19-Q2 sales of C$7.9, which would represent annual growth of 372%....

Aurora Cannabis, which pre-announced FY19-Q2 revenue of C$50-55 million, is expected to report revenue of C$54.6 million, which would represent growth of 366% from a  year ago as the company recognizes sales into the adult-use market.  Aurora Cannabis reports on February 11th and will be hosting a conference call. Analysts expect Canopy Growth, which reports on February 14th and hosts a call on the 15th, to report FY19-Q3 revenue of C$85 million, which would represent annual growth of 292% and would restore it to leader of the sector by this metric. Analysts project that Supreme Cannabis will report FY19-Q2 sales of C$7.9, which would represent annual growth of 372%.

https://www.newcannabisventures.com/41-top-revenue-generating-cannabis-stocks-ranked-as-of-february-1st/
Comment by Gilbert90 on Feb 10, 2019 9:47pm
Well if it is really the sales for FY-Q4 (C7,9 Millions$)I understand that there was a leak somewhere and we have the reason for the amonymous001 4 Millions Shares sold on Friday.  Will see in less than 12 hours if it the downer Why ??? Easy the drop will go on. 7,9 Millions sales would be more than disapointing for me it would be disastrous.
Comment by IndomitableFire on Feb 10, 2019 9:55pm
Reserves from prior quarter 414 kg - 2.4 million Potential trimmings converted to CBD oil sale from Medipharm: $2,000,000 10,000 KG/4 =2500 KG capacity for quarter = $15,000,000  Potential revenue $19,400,000 OPT what you think? 
Comment by Mrderalick on Feb 10, 2019 10:26pm
I have no knowledge of THC trimmings being converted to CBD I’m not even sure this  is possible. The oils from 7ACRES will be that of THC content because Supreme doesnt at this point grow CBD strains. 
Comment by OptGreen on Feb 11, 2019 1:32am
The potential for last quarter sales was $15-20mil by my estimate originally; Sept 30/18 Inventory.......................~$6mil- Product (of which ~$4mil was in progress) Production per cycle (70,000ft2)......~$21mil (3.5mil gms @ $6/gm) But with only $6mil possible for sale Oct 17th and even if they planted the balance of the 70,000ft2 Oct 1st that product would not be available for sale by ...more  
Comment by Mrderalick on Feb 10, 2019 9:52pm
Have you watch Midas letter a few days ago where Jason Zanberg predicts Supreme to break 9 million? It’s lower than my predictions but beats the analyst forecast. How do you predict the market digests the number? 
Comment by Bever73 on Feb 10, 2019 9:58pm
I dont think revenue matters at all...7-10m who cares...do they have EXPENSES UNDER CONTROL? WHat is the operating margins now and moving forward? Revenue a year from now matters; not now
Comment by Brento1 on Feb 10, 2019 10:36pm
The analysts project 7.9 mil which surprisingly enough is the inventory ready for sale at Sept 30. So  a safe conservative number. In Q1 with no rec FIRE does 5 mil in medical & wholesale to other LPs. So the 7.9 does not take into account any fresh production in the entire Q2 being finished and sold.  A large portion of FIRE's sales are bulk to other LPs so they would not be ...more  
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