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Bullboard - Stock Discussion Forum Supreme Cannabis Company Inc. (The) T.FIRE

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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) > How does writing off excess inventory make sense?
View:
Post by newdaydawning on Jun 26, 2019 4:48pm

How does writing off excess inventory make sense?

Wouldn't it be better to offer a steep discount on product as a way of adding new, loyal customers?

Moreover, can pot really spoil if it's in vaccum-sealed bags and stored in cool and dark conditions?

Can someone please help me out with these questions? TIA

https://www.bnnbloomberg.ca/cannabis-inventory-levels-continue-to-rise-elevating-writedown-risk-1.1278904
Comment by MaxTMaxT on Jun 26, 2019 5:04pm
they are talking about "unfinshed " cannabis..which means it hasn't yet been packaged..Fire doesnt have to worry about that as theyhave been carefully scaling up to meet demand ..which the article states has risen dramatically since last october......also Fire is focused on Quality not quantity ..which is why its  product is Premium and in demand ...Chjeers
Supreme Cannabis Company Inc. (The)
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