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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

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Post by Pedal2themetal7 on Apr 15, 2019 3:22pm

Say it ain't so

MD I agree with the board when it comes to consumers wanting quality product, it doesn't matter what it is, automobile, sports equipment etc, a consumers gets what he/she pays for. no one denies Supreme has probably the strongest fundementals of all LP's in the industry, and best product.

But as an investor, making money is what counts, and in order to achieve that, a company requires the positive market reaction.  To date Supreme has been unable to gather positive momentum independently, and has never been part of a true bullish run.

IMO I believe the next month or two is the perfect scenario for Supreme, the other LP's have failed to meet expections, and showing heavy loses, and if I'm correct with my calculations, Supreme could be the first company to show a profit in Q3, and hopefully they can double Q2, this would place them in the driver seat, as everyone would have a clear understanding what Q4 will bring to the table.

They have been methodical in their approach, I'm curious about their marketing strategy for the next eight weeks, oil market updates, Lesotho, Malta etc.  I have never waivered from the fact that Q3 and Q4 will be key, I would like to see Supreme entering the summer months in a position of strength, meaning north of $3.00, this would prove to me the market would now be reacting to this company.

IMO it is now clear Supreme is not interested in a partnership with a large beverage company etc, institutional investors is the key, and they have to somehow attract them. If the company can show they can grow organically and not artificially, I like what I see at the moment.

Time will tell, still holding a small position, and keeping a close eye on this stock, as it has great potential.
Comment by maritimedreamer on Apr 15, 2019 3:38pm
AGREED PEDAL.....Supreme still has yet to prove to its investors that it can hang with the big boys. Our facility, product quality, strain selection, lesotho deal, malta, khalifa, management and board selections... etc.....have all proven that we do compete..... but where it most matters Share Prise we have been dismal. But that is where i hope this will change..... and i believe rapidly. The ...more  
Comment by OptGreen on Apr 15, 2019 4:23pm
Unclear on "..unable to gather positive momentum.." and "..institutional investors is the key, and they have to somehow attract them..." there Ped, with most all in the sector overvalued and running quarterly losses out of the gate, it looks like FIRE is the only one with positive momentum. Where is there any indication that FIRE cannot attract institutional investors?....how ...more  
Comment by theTransporter on Apr 15, 2019 6:23pm
Agreed, but all that “fat” made many of their investors ALOT of money while we here have made nothing compared to them while we hopelessly wait our turn.  I wish Supreme was fat and bloated like the rest of them. We’d be at $5 and worse case we drop with the rest down to current levels where we have been stuck at all the time. I wouldn’t have cared as I would have sold while we were fat ...more  
Comment by OptGreen on Apr 15, 2019 9:44pm
And we are suffering here?....they are after all those shares you are sitting on Trans. :) We had our chance when it hit the $3.50 range. With the trading range of late it would appear that they have wrung the better part of the weak hands out and as we head north we could gap up quickly, as there won't be flood of weak hands trying pick up a few cents on the dollar but rather strong hands ...more  
Comment by maritimedreamer on Apr 16, 2019 5:48am
Opt, I believe we all should be cautious for a major revenue jump (not saying I’m not for it) as last Q did not meet many of our expectations. 7.7 mil is no joke, but if every lp having issues with supply chain and packaging what makes supreme different? Although would love to see 15-20 mil next Q i’m Taming my expectations this time round....anything over 10 I think we should be happy.....seeing ...more  
Comment by QcTrader on Apr 16, 2019 6:16am
100% agreed, FIRE is miticulously executing and creating a perfect Q over Q track record.  i am not expecting a huge jump in Revenues, but a slow increase. Last thing we want is a Big Q followed with a small Q.  their main focus is building shareholders base with solid investors and institutional investors and ultimately funds. This can only be achieved with Q over Q growth ...more  
Comment by OptGreen on Apr 16, 2019 1:36pm
Well I am not sure it really requires caution md, an estimate, and only an estimate/ viewpoint, will not have any material impact anywhere...the estimates of ~$15mil for last quarter were not unreasonable for last quarter and with 180,000ft2, 2/3s of the of the completed facility, of which should produce north of $40mil per quarter went fully operational is not reaching for stars, it is very ...more  
Comment by Tomharley on Apr 16, 2019 4:22pm
There will not be a revenue jump.
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