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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

Supreme Cannabis Company Inc. (The) > response to pierre....
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Post by maritimedreamer on Nov 22, 2019 1:32pm

response to pierre....

Chris Parry responded i believe to one of these twitter threads that made sens eto me...... all he said was just because you may not have the wallet to fork out that much for cannabis doesn't mean others won't...... there are some people that only buy most $$$ because of percieved 

something that fowler even said that hit home to me personally....

 

supreme is going after a consumer of wine for example that wants a 50$ bottle ...rather then a 10$ bottle...

this is turn means supreme needs to find that one customer where competition needs to find 5.......

 

but their increase on ocs is concerning to me as well but at same product reviews still coming in strong.... lastly... and i cannot say this with 100% 

accuracy but some said the price increase was actually OCS and not 7acres as they sell to them at a flat fee and OCS sets the actual retial price.....

Comment by OptGreen on Nov 22, 2019 2:34pm
This is the key issue for the industry md and FIRE has been on top of it from the jump and so has Parry. The industry/ market is brand new and already it is in major correction mode because shelving 'grass' is not going to get it any more...quality is value because it is what folks want. Most consumers are going to consume a gram or two a week and the little cost differential between ...more  
Comment by Pierreolivier15 on Nov 22, 2019 3:39pm
I hope you guys are right. As a consummer, I dont like to see an increase in price without reasons. I would make me substitute the product with another brand. I also think it would be beneficial for supreme to be a little bit cheaper than broken coast.  I look foward to buy 7acres in Quebec. I hope it will be soon. It is the second biggest province in term of population. There are 8.45M ...more  
Comment by OptGreen on Nov 22, 2019 4:25pm
The prices will never come down to BM prices for legal, quality product Po as there are just too many 'middle man' costs in getting to the consumer but they could come down somewhat from current levels due to Economies of Scale when full production costs can be assessed but probably not by a whole lot anytime soon. The stores, BM and who gets to sell in the province is pretty well all in ...more  
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