Supreme Cannabis Company Inc. (The) T.FIRE

Supreme Adjusts EBITDA to Make It Look Like They’re Making $

[AwareInvestor]

The Supreme Cannabis Co. made good on last month’s projection that they would do $19 million in sales in the quarter ending June. FIRE hit the number on the mark. Having grown their SG&A expenses only slightly since the last period, there’s a case to be made that Supreme has successfully scaled, but they don’t make it easy to tell.

https://thedeepdive.ca/supreme-prints-q4-revenue-of-19-million-adjusts-ebitda-to-make-it-look-like-theyre-making-money/

[RealistGhost21]

Thats right. They are still not making profit. They report $14 millions lost for Q4 and for FY they got $61 millions in deficit. To make a long story short the limits capacity of this compagny je toi small and doesn't attract confidence and probably never will. So far the market is right and the SP is heading South. IMO, a safe entry would be $0,90 cents not $US of course.

[GreenInvestor1]

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[MaxTMaxT]

they only lost 426000 last quarter .the 14 million is for the year . Which is ai lot better than some of the larger companies which have greater percentage losses compared to revenue. Supreme is making money and the fundamentals are GREAT. Blue skies ahead. Cheer$$$$$$$$$

[MaxTMaxT]

P S. Read the article I. Today's Small Cap Power. Supreme is the. 7th largest Canadian cultivator in terms of Revenue and has taken the Industry lead for best gross margins

[maritimedreamer]

  THREE MONTHS ENDED YEAR ENDED ($ thousands) June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Net Revenue 19,005 3,545 41,833 8,855 Operating expenses 11,564 5,114 38,713 15,866 Net Loss after taxes (421)

[OptGreen]

Now "not making profit" and a $0.90 entry point, you are not even on the page RG. Have look at last Sept estimates for ACB and WEED, I don't recall anything near a 50-60% drop in their SP. FIRE did not perform and as necessary changes/upgrades were made and are underway, such as inhouse packaging and distribution, Dhaliwal came out with clear and specific guidance for estimated near

[RealistGhost21]

I bring facts and you speculation OG. They are not making profit read their Q4. Plus the SP is going south since and the most investors do not want to be part of that compagny. There is a reason why the SP is at $1,38 and the trip South is far from over unfortunatly. Ask Zandberg the campus analyse who OVERVALUED the SP at $4,50 in Sept 2018 and he this pseudo analyst is doing the same again this

[OptGreen]

Agreed it is a fact that they are not yet realizing profit but who would expect them to at this stage of the game...FIRE will realize profit, and on the complete accounting with no need for the EBITA advantage and long before most, if not all. The SP will go up and down on most days like any other stock that is trading. Neither the SP closing down a penny or that they are not showing profit out

[MaxTMaxT]

Fact is ..they have crossed the line into profitability and are now classed in the elite group of profitable canadian LP,S...According to  the reports that i have been reading......waiting for Chris Parry to weigh in .should be an interesting read...Cheer$$$$$$$$$$$$

[newswire1]

This post has been removed in accordance with Community Policy

[OptGreen]

But a weak valuation like EBITDA Max, this company doesn't need any smoke n' mirrors it is the real deal. One could see this 3yrs ago...FIRE will have the sweetest balance sheet in the industry and be self funding while most struggle to survive and others try to stem losses. Good luck is a hope for those that don't own and rewards are a given for those that do own, everyone needs to

[MaxTMaxT]

a weak valuation ! What the hell are you talking about. No smoke and mirrors as far as I am concerned. Also long for the last 4/5 years. Don't remember now. Since their first acquisition in b c anyway bought around 28c. Sold when it started to go south bought back in at 40c. Learned my lesson and been long ever since did sell a few at $3 and. Bought a newer car.. Still holding long and strong.

[OptGreen]

My comparison was to the EBITDA valuation which just leaves off some costs and shows a more favourable number. We just need a reasonably honest estimate from the author and we will do our own assessments and draw our own conclusions...not an attack on you in any way. It has been a long haul but with everything starting fall into place and to take shape it is beginning to feel like yesterday

[Fastlane2]

Great read thanks for sharing AwareInvestor.