Supreme Cannabis Company Inc. (The) T.FIRE

No volume

[theTransporter]

Never thought the volume would be so dry on the TSX.  Seriously nobody is interested in this stock.

[OutFeild]

This post has been removed in accordance with Community Policy

[Gilbert90]

@ Transporter :  Most if not all canabis are experiencing low volume this morning.

[theTransporter]

I look at total $ value traded and look how FIRE compares to the rest: Based on the time of writing htis: FIRE:  $0.8M traded WEED:  $90M traded ACB:  $36M traded APHA:  $28M traded CRON:  $28M traded OGI:  $6M traded Just look at the amount of money flowing into all these other companies and Supreme struggling to get a piece of the action. This proves that NOBODY

[Gilbert90]

@ Transporter :  You're right based on $ traded.  I'm right based on numbers of shares traded. Both views have their + and minus aspects.  The best way is to compare traded volume in $ on the cap size.  So even if WEED has 90 Millions$ traded on 16 Billions it isn't big compare to its cap size.

[OptGreen]

At last we might be done with the manipulation Trans, this is still a $20mil per year company and doesn't justify a higher SP of which is estimated to be ~10x that volume by year's end....we need news and especially on increased sales. The sales for last quarter were half of what most expected, and what should have been, with $8.4 in inventory and $5.5 in biological assets at end of

[theTransporter]

Nobody is arguing that perhaps the current valuation is proper for just current revenue taking ZERO consideration for any future growth. But you tell me why should FIRE be valued to a different set of rules than the other LPs whose valuation is based on FUTURE potential.  Problem is here that NONE of FIRE's future potential is even considered in the valuation. I don't get some of

[Gilbert90]

I would like to add to transporter comment.  A major portion of the valuation of a compagny is based fon its future sales and production.  But I transporter said:  NONE of FIRE's future potential is even considered in the valuation.

[9Fingers]

Please, do tell (and I don't mean this sarcastically), how does one make 5X in the short term?  Isn't the entire market a gamble to some degree?  Do we pop all our cash into just the big 3?

[OptGreen]

The rules are the same for all and FIRE will move as sales and rest of fundamentals dictate....I think there is going to be more adjustments on the lower side for many others in the months to come, as current valuations prove to be too high. FIRE needs to meet sales estimates and maintain/ improve quality to see SP and trading volume increase, or heaven forbid implement the RS. I like most all