Post by
Fastlane2 on Jan 12, 2020 10:22am
CannTrust MC 192.4 Supreme MC 171.9
What message is the market sending with these two cannabis players? One has been charged with selling illegal cannabis to it's customers in unapproved growing rooms, suspended from growing and selling therefore everything has been destroyed, recall on all of it's products, on the cuff to be delisted from the NYSE and onto the OTC and hasn't filed their financials with regulators since May 2019. Then you have Supreme the little darling being treated as the ugly sister who is compliant yet struggling to find it's own place with the majors and the market totally hates the company, well the story is unfolding and many of you are in denial but two (2) CEO's have been removed with Fowler pretty much kicked to the curb. I suspect this hard selling is from Fowler himself as he is no longer an insider and doesn't have to meet any trading criteria for reporting, prior to his departure he had roughly 1.8 million shares. The (good) is that fundamentally the company is sound however Supreme is being treated as a new entry into the market (Fast your nuts) probally but their seems to be a strong distrust with the 2020 objectives and goals with Q1 beinging a peak to what seems to be an impossible task. Interim President and CEO Colin Moore has an uphill battle, not only to provide possible revised guidance (hopefully not) but to find a reputable replacement.