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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 Ziptrain on Mar 12, 2020 4:26pm

Bought some more

I figured what the hell better odds than going to the casino :) Have a great evening everyone.
Comment by Fowlerprowler on Mar 12, 2020 8:05pm
Crazy or high? 
Comment by johnale on Mar 13, 2020 1:21pm
So did I - I see where they are going...  nothing like what tilray just diD. they have lost of cash on hand for operations and fully expect quarter over quarter growth as the retail build out continues.  humble and fume should be out there now - and sales in quebec seem to be very good. Installing a 3rd 12k bottling line/day.  demand is building - a good bet at these ...more  
Comment by watchmeplz on Mar 13, 2020 1:38pm
In my opinion, LOL. This co. is a fart in a windstorm. Hope you get some money out while you can. There is NO chance LP's can operate with a legally producing license that produces cheaper than the LP's (LP's can't even break even on growing costs, let alone taxation). Done deal, this pork is roasted. Yes, distribution and product destruction loss, inventory, bad financing,  ...more  
Comment by johnale on Mar 13, 2020 3:47pm
Lol - maybe I'll fart and buy another 100k shares at 19 cents.  67.26 mil valuation at .19 cents but they have 100mil in cash.. lol  or even net asset value is at about .65 cents a share.  A whiff of increasing revenues and this will shoot up like a rocket...  but you stay short...... 
Comment by watchmeplz on Mar 13, 2020 4:24pm
In my opinion, im not short but should have been, those are the real winners hitting the nail on the head for the entire industry and this co. calling it out perfectly.  Your post is a big lie by the way, or maybe you don't understand math. Goodluck with those 100,000 shares.  Cash, end of period $ 48,705,000 By the way those who said the KKE deal was deffered to taxes, NOT TRUE: ...more  
Comment by johnale on Mar 13, 2020 6:28pm
Moron-  48.7mil cash 6.3 mil restricted cash 35 million Undrawn capacity!!!  with option for 10mil more from bmo-- =100mil In available cash.  and... 13.55mil in receivables. So wtf are u talking about?  the debenture can be rolled over - and who knows what the price of the shares will be in 19mths - and or (as per the company)  they expect to pay ALL OR PART ...more  
Comment by watchmeplz on Mar 15, 2020 11:30am
in my opinion, I apologize, I didn@t know you added in RESTRICTED cash, more DEBT, and receivables that the company doesn@t have. What your nothing bringing up, is the growing surplus of product, and that the debt the company is plow it into is actually completely tied to the entire asset of the company.@ @
Comment by watchmeplz on Mar 15, 2020 11:33am
in my opinion, I apologize, I didn't know you added in RESTRICTED cash, more DEBT, and receivables that the company doesn't have. What your not bringing up, is the growing surplus of product, and that the debt the company is plowing into is actually completely tied to the entire asset of the company. 
Comment by Skater on Mar 16, 2020 6:07pm
$6.3 million in cash is restricted because of the bank financing, so they can't use it. Not sure where the extra $10M more from BMO comes from Cash used in ops in Q2 was $31M, huge. They'll make it through Q3 (March 31), albeit borrowing heavy, should have enough cash/borrowing for Q4, but then they are going to need a partner or an injection bu August/September.  Would have to think ...more  
Comment by OptGreen on Mar 16, 2020 8:11pm
It's already started Skate, we could see in th $30mil range for current quarter and most of the coming in March...FQ4/20 should see $40mil and better if the oils and vapes are out in close to full measure starting by April. Unless there is some undue market, Corona, etc issue that materially impacts production and/or supply channels going forward they will be cash flow positive in CY2020 and ...more  
Comment by Skater on Mar 17, 2020 11:23am
I like your optimism, but they did $10M in q2, unless they are different than the others, it'd be pretty surprising for them to hit $30m (300% increase) or $40M in Q4 (400% increase).  Time will tell.  I expect there will be a lot of pain in the industry this year, Corona aside.  Hexo on the ropes (see the news this morning), ACB needs a partner or injection soon.  I don ...more  
Comment by Pierreolivier15 on Mar 17, 2020 12:04pm
Yeah 30M$ is too optimistic. There has been improvment but not to justify 30M$ in sale. Im happy to see 3 products at sqdc. Im looking foward to see the effect of 2.0 products
Comment by theTransporter on Mar 17, 2020 4:30pm
Guess what happens when HEXO falls off the map and others such as ACB.  Someone else takes their share of the market.  A few giants falling will be majorly beneficial to those that remain. Hypotheticlaly speaking if HEXO and ACB both went bankrupt, that creates a $100M per quarter void in the supply.  Someone has to step in and fill that gap.
Comment by OptGreen on Mar 18, 2020 12:41am
Optimism is nice, emotional but dollars have no emotion Skate, so for me why I invested in the company and why I am still here today is because they were on the right track in almost every area right from the jump....and you can see that they are the best faclity, methodology and action. The facility, if not the perfect size it is the closest to it, along with most all aspects, compared to the ...more  
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