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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 leopold99 on Apr 25, 2019 9:36pm

Math again

Here we are a few days from Q3 financials, I am looking back a bit when John Fowler was on Midas Letter last fall, I remember very clearly John stating that "ALL PRODUCT IS SPOKEN FOR" for the next few quarters. To me that means all quarterly production will be sold in every quarter. Now for the math part. The stated run rate in Q2 was going to be 13000kg, hope they got to that number. I will use 13000kg as the true anual output for Q3. So 13000kg divided by 4 quarters is 3250kg/quarter. For Q3 fire could/should have sold 3 250 000g @ 6$ or 19 500 000$ worth of product. They of course could have had production problems so reduce that by 25% just in case... we should see revs around 15 000 000$ or over 100% increase from Q2. Hoping I am on the low side. What say you?
Comment by buddalover on Apr 25, 2019 10:00pm
I like lowballs, hang loose dudes.
Comment by George141 on Apr 25, 2019 11:02pm
..I like your math Leo...looking good...my money is with Supreme..
Comment by OptGreen on Apr 25, 2019 11:56pm
$15mil is very doable Leo and agreed should be on the low side, especially starting out with ~$13.8mil in inventory and biological assets. There is always the reality of crop loss, also general start up issues and problems that will be potential concerns over the next few quarters but with decreasing potential as facilities and staffing are solidified and honed to acceptable levels of operation ...more  
Comment by JamesReady on Apr 26, 2019 8:16am
The reality is that the more recent capacity increase would not necessarily reflect until next quarter because of the process to get from plant to consumer. Would take 2 monthsish to grow and a week or 2 to dry and then triim and lab testing and then package for sale. (Takes the whole Q just to prepare for sale). I really think the revenue will shoot into the 20+mil next quarter but to get that ...more  
Comment by BRUTUS1 on Apr 26, 2019 8:35am
math we had 90k feet growing in january at a production rate of 13500 kg/per annum, this is the base number for the past quarter.  or 3375 KG for the quarter at $6 a gram or $20.5 million excluding any possible inventory sales. so let's asume 15 mil as others have forcast as a conservative num ber. do not forget Supreme management has a history of under promising and over delivering, i ...more  
Comment by George141 on Apr 26, 2019 10:56am
$6..dollars a gram...where?..oh better wait... don't tell me , they will beat the door down...I heard it goes for double that...and more..