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.

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TSX:FIRE - Post Discussion

Supreme Cannabis Company Inc. (The) > Going to get worse before it gets better

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Post by theTransporter on Jan 30, 2020 8:57am

Going to get worse before it gets better

I think there is still some turbulance ahead here due to the following factors:

Lots of volume selling which I believe are those "in the know" of the Q2 results being poor. Nav was terminated shortly after the end of Q2 most likely due to these poor results and Colin havnig to take the reigns to recover the course of the company.
#1 below is further supported by the fact that they are releasing Q2 results AFTERHOURS on a Thursday. Anything positive is normally released PRE-MARKET.
We are now HALF WAY into Q3 and Supreme has absolutely NO 2.0 products in the market. There is no way they will meet the original guidance numbers of $150M minimum for F2020. I expect Colin to release a revised guidance when the Q2 numbers are released. It will most likely be HALF of what Nav originaly estimated.

There is a reason why many stocks are quite above their 52wk low while Supreme sits shy of it's 52wk low. This informaiton has been known already to some of those with shares and they have been bailing before the next leg down that will come to us on Friday Feb 14th.

I hope I'm wrong this time.

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