Supreme Cannabis Company Inc. (The) T.FIRE

FQ2/20 in Line with Guidance

[OptGreen]

Sales $10mil and inventory double FQ1/20, in line with guidance....sales should be ramping up now and through current quarter and into FQ4/20 as packaging, etc get up to speed. This report to Dec31/19.

Plenty of info to cover yet but no real surprises so far, JMHO....Opt

[theTransporter]

How the f.uck do you still see this positively? only thing you can just hope for is this reacts tomorrow like ACB who went green on even more disasterous earnings. 

[Bever73]

Hes got a financial interest to spin things positively...how the f.uck have you not figured that out by now?

[OptGreen]

Has nothing to do with hope Trans, this exactly what guidance said the ramp up planned would look like....how in the heLL do you think they are going to implement the changes being made in a couple of months? ACB has got big problems, FIRE hasn't got any where near that level of problems since changes in direction and guidance...however the forward looking talk is less specific, no $120mil to

[watchmeplz]

In my opinion, there's no fixing this.. they've drawn 55m from the line of credit and now only have 48m in the bank after having 36m in q1. The burn is crazy here wow, no wonder they had to cut staff, this thing is going to end abruptly. Not sure why your worried about acb opt, yikes, this is nasty, honestly, goodluck. 

[theTransporter]

Cash burn will be drasticaly reduced with the completion of the facility (no more cash going to pay for any cap-ex) combined with general and admin expense reduction through staff reduction and internal cost savings. For example in the last 6 months they spent $30M in facility construction.  Assuming $15M per quarter, that is now $15M less expenses coming out of cash for the current

[nearnorth101]

Were they not supposed to be able to produce 50,000 kg annually when the facility was completed? they are a long way from that

[theTransporter]

Facility just got completed but I understand a small handful of rooms are waiting for HC's approval. That being said, I hope they don't ramp up production to 50,000kg unless they can sell that quantity.  They need to move that inventory and sell 100% of what they currently produce before ramping up production.  At least, if I were in charge, I would suspend use of all the rooms

[brentkosta]

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[theTransporter]

1,853kg actually which is approximately 15% of their annual capacity.  Failure?  Sure.  Done?  Too premature to say that.  In this sector it's like calling the game after being down by 2 points after the end of the first period.  Colin just stepped onto the ice.  Let's see give him two quarters to see what he's made of.  At least they have enough

[theTransporter]

BTW.. interestingly enough, Supreme is worth less than CannTrust, and last I checked $9M is still greater than $0 not to mention this: The Company reminds readers that CannTrust remains in default of its disclosure obligations under securities legislation, has no meaningful revenues, has terminated or laid-off a significant portion of its workforce, is facing a variety of regulatory

[brentkosta]

This post has been removed in accordance with Community Policy

[Cannabiznas]

Good poins Transporter.  BrentKosta is clearly a short. Trolling the forums, BMO analysts knew this isn't an overnight thing bud. hah bud.

[groundbeef]

BRENTKOSTA IS 100% RIGHT.  SUPREME HAS ABSOLUTELY NOTHING GOING FOR THEM.  SAD SAD ALL OF YOU DREAMERS WHO WOULD NEVER SEE ANY BIT OF REALITY OF YOUR DREAM BUT REALITY IS A NIGHTMARE COME TRUE!! BRENTKOSTA IS THE SMARTEST GUY HERE WHO YOU SHOULD BE THANKFUL FOR ALL THE TIME HE TAKES OUT OF HIS SAD PATHETIC PERSONAL LIFE TO BE HERE AND TALK REALITY INTO YOU ALL.  THANK YOU

[OptGreen]

Agreed Trans, there is also the gain realized selling at retail vs wholesale that will pay for costs but more important is the QC right to the shelf/customer....the CPG system is great in the urban areas but there is a big online market and not only for the rural/ small town clientele, there will be plenty of customers but they have to get that procduct out and available. You can tell by sales

[RealistGhost21]

I agree with you Watchmeplz, Supreme's management did too many fundamentals mistakes. Unfortunatly I don't see profitability for them.

[MaxTMaxT]

Agreed Optgreen.....

[MaxTMaxT]

going by some of the comments already.looks SOME PEOPLE ARE SUPER FAST READERS OR HAVE NOT READ THE COMPLETE DOCUMEMT....Fire looks good going forward with major construction projects completed which will minimize expenditures....and increase efficiency in production...company has gone thru a lot of changes the past SEVERAL MONTHS AND NOW LOOKS streamlined for production and distribution...cheers

[FishingBC]

No surprises here!!! 2020 should be good year!! GLTA. 

[OptGreen]

Agreed Max the only thing that has changed, besides the progress, is they are not using hard numbers for forward looking estimates but they will hone that a bit and get more comfortable...they probably won't be far off from their guidance, let's just get as much as possible out there and available to the customer and we will see what happens, JMHO...Opt