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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

Supreme Cannabis Company Inc. (The) > Will Supreme Canabis--FIRE survive?
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Post by Ghostinthedark on Mar 18, 2020 12:51pm

Will Supreme Canabis--FIRE survive?

Highly unlikely----. stock is trading at an all-time low of .15 cents...

.15 cents...

.15 cents.

Supreme Cannabis is the quintessential penny stock, and most penny stocks don't survive.

Secondly, the entire global economy is going into recession, as the markets sink.....

Thirdly, the company's sales and revenue contracted in the most recent quarter---look how low the stock is trading.

Sad times. I expect FIRE, HEXO, TRST, TGOD to probably be sold for parts or end up in bankruptcy by the end of summer---1 or 2 quarters from now.
Comment by theTransporter on Mar 18, 2020 1:05pm
Again - Another scum of the earth here! I bet you're the type of guy that if someone drops dead on the street from covid-19, you would take their watch, jewelrey and wallet from their pockets.  You piece of sh1t. Stock price does not make a company fail.  If the company is able to sell their products an generate revenue and keep their lights on, it does so regardless of the stock ...more  
Comment by johnale on Mar 18, 2020 1:09pm
Fire will survive and thrive in this post apocalypse. stop fear mongoring. They have enough cash to survive - especially with capital expenditure done.  hexo, trust, tgod, maybe aurora, may go bankrupt.  only creates more opportunity for fire.   
Comment by watchmeplz on Mar 18, 2020 1:55pm
In my opinion, all LPs can't break even because the costs associated, doesn't matter the revenue, more rev = more costs and this is a losing battle with legislation as it is. Now is no time to pump or bash though and I will be not posting anything negative beyond this as everything is in the mud/need help and to be honest, a lot of our current industries are going to get wiped off the map ...more  
Comment by OptGreen on Mar 18, 2020 1:21pm
And you came up with this all on your own? Besides no clue of anything relevent with FIRE, what does a $0.15 SP under current conditions have anything to do with the success or failure of the company going forward? There couldn't be a more recession proof sector to be in and as long as they can maintain production trajectory in the near term, FIRE will see a $5 SP long before WEED sees $90 or ...more  
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