Supreme Cannabis Company Inc. (The) T.FIRE

Well this will get hammered tomorrow

[theTransporter]

Net Rev $11.4M
Net Loss $16.6M

$0.50 here we come!

[theTransporter]

$27.5M in inventory. Everyone is stockpiling inventory as they cannot move it. Doug Ford has f.ucked up the roll out as his lottery system for retail was implemented because he felt there was a supply shortage. Seems like there's more supply than Canada could purchase.

[MaxTMaxT]

could you possibly post a link to Financials news...cannot access the NR on Stockwatch    !!

[watchmeplz]

There was never a supply shortage, it was just reporters that didnt have a clue reporting there was because it was the very start of the LP program and LPs had no green at the time and no previous years to compare to. More stores wont help this as long as the ACMPR personal production licenses exist there will be no revenue in this industry. Why own this when you can have a company with a LP

[OptGreen]

They are pretty well at the low end of guidance Trans, when you factor in the increase of finished goods and growing along with Net Rev of $11.4mil....this makes sense with the switch over to in-house packaging and distribution and the jag of warrants due to expire mid Dec. Have to agree on the pahtetic excuse for a roll out in Ont, which I would guess is the largest herb market, in the country..

[theTransporter]

BMO doesn't see any cause of concern either with the $90 million of senior secured credit facilities they have provided to Supreme.  There is a significant amount of due dilligence behind BMO's decision to extend this lending product to a compay.  It's non-dillutive and low interest.  Very few companies at the moment have access to this type of financing.   This

[OptGreen]

Exactly, cash is king and credit with A rated terms is not available to many in an industry that looks like many here today won't be, at least not in current form, around a year or two down the road. The investment is there for FIRE but they won't be seeing anything much of it if they do not get back solidly in line with guidance for current quarter...KK will be on the menu in coming

[maritimedreamer]

I really hope this will not be a miss step by maintaining guidance......I am happy they legitimate reasons for their revs #s rather then using the ON excuse (although very accurate imo still can’t blame others). The 90mm credit is at least promising being non dilutive and we all know how intense did would of been done by BMO before forming out this sort of cash @ this horrible time in market

[George141]

..There is no question...Bank of Montreal vote of confidence is a shot in the arm for Supreme and us investors as well. Aside from all this, the whole sector is taken a hit, but the report looking forward looks to be on target. We lost JF, the 3 rooms, but hopefully lessons have been learned. We have the recognition of Brand of the Year 2 years in a row to build on this positive news. I believe