Post by
Go0B3r on Feb 01, 2020 12:50pm
Up 20% down 20% - Perspective...
Lets get some perspective here before we give in to the madness pushed on these forums by people shorting or wanting cheap shares. Supreme got it's Cultivation license MARCH 11, 2016. Then at the end of 2016, Health Canada messes up and "accidentally" gives them their sales license only to announce that it was a mistake in their website update and apologises, while stock sore to over $2. The only person at the time to capitalize on the mistake was the pump and dump master himself Chuck Ruficci, and promptly was let go from the board of directors soon after. I'll let you read into that as you want. Since then Supreme has kept it's head down and got the business side done the best they could, starting with growing a half decent crop.
They got their Sales license June 28th, 2017, putting them almost 2 years behind any of the other big LP's we started with. Keep in mind that without the cultivation license they couldn't grow a single plant, so far as I'm concerned that's when the business really started..
Since 2016.
-IP growing genetics and crops of a high quality flower
-They've raised over $150mm in funds
-signed LOI's with top LP's in Canada for bulk sales
-They've created a revenue stream through B2B
-Finished construction
-Approval of all construction
-Gotten themselves on the shelf's of 10 provinces.
-Partnership with KKE
-Won Multiple Cannabis awards
-Graduated from CSE to TSX-V and then TSE
-Showed strong growth throughout their B2B earnings
-Signed on some huge names for their team - Their strategy started to change somewhere at the end of 2018/2019 as they started signing on CPG professionals, a tell that they were going to switch to a CPG focused company.
-Signed contract with Labs for tincture supply
-Bought Blissco - Now into the CBD market
-IN HOUSE EXTRACTION capability through ownership of blissco
-Bought Truverra - Now into the CBD markets in Europe with beautiful brands portfolio.
-Invested in Lesotho south africa - Long term investment into the WORLD WIDE CBD markets
-Got into the Genetics game with Cambium Sciences
-One of a hand full of companies to get PAX labs contract
-British European markets with Supreme Highs
-Entered the 2.0 markets with announcement of Shatter, Wax, Hash products to come soon
-Cambium showing it's strength through the Jack Haze Cultivar
-Manages another Credit facility but this time none Dilutive of 90$mm
-Just the end of last year, in Dec, it started to adopt CPG machinery to support their new business model and reported, after it's highest earnings, a low quarter for the switch. So in less than one quarter we've somehow managed to create the idea that this company is moving slow, but it might be one of a few companies moving at the speed it needs to adopt and adapt to this new industry. Early bird gets the worm, second mouse gets the cheese...
Meanwhile, this is happening in the sector as Supreme is working away at it's business
-pump and dumps by the CEO's themselves
-Bad investments internationally by leading LP's
-Poor management of investors money
-horrible roll out of products
-Horribly grown products at HUGE SCALES
-Governments chocking by holding off Brick and mortar sale points
-Government breaking legalization into a slow release of laws.
-Massive write offs of intangible assets and bad debt
-hard to come by credit
-Lawsuits
-M&A take over bids
-Running out of funds for absurdly large construction sites
-soon to be delays all over the map - APHA, ACB, ZENA, etc None of these guys will be able to grow at the scale they intended to for a long time, if they'll ever even finish construction - Which will lead to more lawsuits etc...
-Black Market still dominates
-Companies will go out of business...
-The list goes on and on!
Comment by
Vulcan on Feb 01, 2020 1:43pm
great points.. well said.. glass more than half full.. cheers