Supreme Cannabis Company Inc. (The) T.FIRE

OGI

[nearnorth101]

sales down

[Vulcan]

any numbers on that.. what percent ..what items.. .. all i hear is sold out after sold out.. please justify statement.. are we down a dollar or 2 mil . jmho cheers

[Method]

Wholesale was down which brought overall sales down but Adult use was up 16% sequentially which is what the focus should be on for Supreme too. Q2 2020 net revenue of $23.2 million compared to Q1 2020 net revenue of $25.2 million, with adult-use recreational sales up approximately $2.1 million or 16% offset by a decrease in wholesale revenue. Q2 2020 net revenue of $23.2 million was largely

[johnale]

Despite the 16% increase in rec sales - ogi had a bad quarter. That's because they broke their financial covenants - bc their ebita was terrible.  There is a cost to having some of these 2.0 products and a sales force able to move everything. As per ogi.  i spoke with fire in early jan after Nav departed - and their comment was that their margins on flower were excellent - and

[Method]

What are you expecting for revenues and EBITDA for FIRE in the March quarter?  OGI's reported revenues didn't benefit from March either so that's another reason why it's not necessarily comparable to what FIRE will report.   

[theTransporter]

OGI's report did not include March.  Their quarter end was Feb 29.

[Method]

What did you think "didn't benefit " meant?

[theTransporter]

Doh - you are right!  I read that too fast.  WEED and FIRE both reporting at the same time for quarter ended March 31 which will be really interesting.   Will definetely see a much improved quarter from previous (it can't get worse than that $9M they posted), but question is will they make a record high quarter?  Highest quarterly revenue they ever posted was $19M

[johnale]

Really hard to say - depends a lot on top line revenue.  Excluding share based payments last q expenses were about 16mil for the quarter.  they then shed over 1 mil in salaries - albeit feb 6th ish. (plus severance)  So do the math.  Top line revenue -  going into quarter you had 2.5 mil packaged flower, 4.5mil flower ready to package and 3.4mil g growing for

[GHZTECHY]

yeah, when it comes to Sensei Star, I probably bought most of it on the OCS.  Sorry folks

[George141]

...so the question is...With all the travel restrictions...did you take a trip and NOT leave the farm?...lol...maintain

[Vulcan]

you buy all you want we will adjust production if needed lol cheers

[jfogarty12]

Aurora Cannabis shares hit hard after reverse stock split announcement, seeks US$350M financing raise  Shares of Aurora Cannabis fell by double-digit percentages on Monday, making it one of the biggest losers on the S&P/TSX Composite Index, after the pot producer said it would conduct a reverse stock split aimed at preventing the company's stock from being