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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

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Post by theTransporter on Feb 13, 2020 6:33pm

$42M in inventory

$26M of that is finished goods.

They need to move that f.cking product!

Ontario needs to get those stores open!
Comment by Buggered123 on Feb 13, 2020 6:50pm
Q3 is going to be no better. Ontario's slow roll out thanks to the biggest scu..m bag in this province Doug Ford.  The application process he now implemented has 20 stores per month starting in April. So nothing is going to change unfortunately.  There is over 700 applicants wanting to open stores. I can't understand how people in Ontario put this clown in office! His whole ...more  
Comment by Pierreolivier15 on Feb 13, 2020 7:02pm
26M$ of finished goods ?!? Then why is there only one product of 7acres (jean guy) avalaible in SQDC??
Comment by nearnorth101 on Feb 13, 2020 9:13pm
I know! why is the inventory level so high, are they having a hard time finding places to sell to, their products on the OCS are never sold out or is a probem on the buyer side. $9 million in sales is pretty sad, they have a lot of work to do to turn this company around
Comment by HouTx220 on Feb 13, 2020 8:34pm
Tran….All the years I’ve read this board I truly value your input and insight & would like your take/feedback on the following (emotions aside from today numbers).     The past news releases have been pretty clear about the company’s transition & focus away from Wholesale.  This specifically stuck out to me in the NR..   “In Q2 2020, wholesale sales accounted ...more  
Comment by theTransporter on Feb 13, 2020 9:57pm
Thanks HouTx220 - Although they had their supply agreements come to an end, they had qutie a bit of inventory of product that they could have moved into the CPG market, but they didn't.  Theres obviously an issue with pushing product, at least during Q1 and Q2 to the retail chain which is their bigest challenge in my opinion.  And with B2B coming to an end and being 100% CPG, they ...more