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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) > Undervalued ??? For SURE
View:
Post by IanHamburg on Mar 14, 2019 9:30am

Undervalued ??? For SURE

- winning Brand of the Year at the Canadian Cannabis Awards

- having completed construction on their 50,000 kg facility

- selling wholesale at an average cost of $6 per gram

- being consistently sold out within days of being on shelves across the country

- currently selling in EIGHT provinces (rumour has it Quebec will be stocking 7Acres soon, making it NINE)

- partnership with Khalifa Kush Enterprises

- international footprint with 10% investment in Medigrow Lesotho

- in the process of obtaining a license to produce/process marijuana in Malta, to strategically serve Europe

- recent uplist to TSX, from the TSX-V

 

There are more milestones that I haven't mentioned. Supreme seems to be on track with their high quality, scale-able model. And based on their financials, they are certain to be profitable this year, especially after producing at full capacity (50,000 kg x $6.00/gram = $300,000,000 in bud alone). Even if we halved that number, the current MC of ~$625 million seems to be incredibly undervalued given the projected sharp increase in revenue this year.

Comment by maritimedreamer on Mar 14, 2019 10:04am
I read over that reddit thread and to me it was starting off negative.... like usual on reddit.... but more people chimed in to support the company. Anyone that thinks supreme is just about growing weed does not understand their direction...... this company has so much more to offer.... and as consumers keep buying up their products we will see a shift..... these mid level at best products some ...more  
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