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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 BCmountainman on May 21, 2020 12:03pm

aurora

The CEO just sold two thirds of his shares what does that tell you about reverse splits.
Comment by watchmeplz on May 21, 2020 12:12pm
The bump in sales was due to pandemic buying and now sales floating back down/easing along with black and white price per gram, hes probably forecasting normal or weak quarters ahead and wants to take advantage of the leg up they just recently had. I think what they are doing in the states with cbd and hemp like canopy really is the LPs only move currently to potentially make profit. The Canadian ...more  
Comment by johnale on May 21, 2020 12:23pm
With supremes new cost structure they will be profitable with even a minor increase in sales.  compared to the big guys - we are in a better position.  most forecasts in the sector are flat for sales (all companies).  but there is no visibility for increased retail openings through June. So we'll see what happens.  But with other retail closing up - cannabis stores ...more  
Comment by watchmeplz on May 21, 2020 12:32pm
I believe the growth is from the small increase in consumers willing to try cannabis as it is "legal" now, I don't believe it's a conversion from the black market, if anything, I feel like it's the reverse as the black market pricing is lower it strengthens and as the consumer matures to a regular user, the consumer looks for the best price converting to the black market, I ...more  
Comment by maritimedreamer on May 21, 2020 12:33pm
all Supreme has ever really had to do is get their product at market and priced competatively. Their transition fro wholesale to rec took a while considering all the infrastructure required to be rec ready. Now they have everything physically in place, now they just need to execute on sales!!! I am following alot of Humble and Fume reps on insta and twitter and they seem to be getting that word ...more  
Comment by HopefulJuan on May 21, 2020 2:09pm
Supreme's marketing mix focused on emphasizing quality is not well suited to an online marketplace. It's a good plan but it needs to be promoted almost personally to explain why THC is not everything. They likely would do better with retail stores and showrooms.  Just bought Jean Guy by Good Supply 18% - 24% for $6.30 / gm. Hard to find a compelling reason to pay more for 7Acres ...more  
Comment by maritimedreamer on May 21, 2020 2:34pm
We have to remember that Supreme is working through an extremely regulated new industry. The marketing options they have are limited at best! What they have excelled at is their social media presence and the marketing material there to help assist consumers. There are many types of disscerning consumers that are looking for different things. Some want lowest cost high THC and don't care about ...more  
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