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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) > Negative Gross Margins = FIRE
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Post by RealistGhost21 on Jun 12, 2020 9:26pm

Negative Gross Margins = FIRE

FIRE = Negative Gross Margins = there is nothing left from sales after production costs.

4x CEO in approx 18 mouths :
- The 1st one quit and sold his share over $1 buck (canadian not USD);
- The 2nd one was (I'm not sure if it is the right term but) a kind of lunatic or something like that;
- the 3rd one did not even wanted the job because he was smarth enought (IMO) that he knew that nothing could have been done to fix this compagny that can't be fixed; &
- the 4th one is not a magician unfortunatly because Supreme need magic, I mean real magic in order to survive.

IMO, real magic do not exist in reality unfortunalty.
Avoid investing your hard earned money in the FIRE. It will result in smoke and this is not what you want.
Comment by Stongy79 on Jun 13, 2020 8:57am
 You think Beena would have left a striving successful  company for a failing one?? She seen the value and recognized that it can only go up from here, pretty much getting in on the ground floor. Give yourself head a shake, Supreme isn't going anywhere and that's  because they can actually grow a good consistent product at scale, do yourself a favour a try all the other ...more  
Comment by RealistGhost21 on Jun 13, 2020 10:20am
No I don't believe Beena left a striving compagny instead I do believe she left an uncessufull compagny that is going South for another one but even worst and it happen to be Supreme. Also the FACT (proof is there) FIRE = NEGATIVE GROSS MARGINS. Sorry to tell the truth.
Comment by johnale on Jun 13, 2020 1:01pm
I guess I'm the one who has to break it to to you -  but if you actually read the report - the only reason gross margin was negative was bc of impairment charges to trim and flower as they "right sized" their rec pricing to reflect the market.  actual gross margin was about 37% adjusted - even with no vapes,  pre rolls, oils, rosin, ect which will raise ASP.   ...more  
Comment by OptGreen on Jun 13, 2020 3:31pm
It is looking better every week joh but shorts should wait and see what the numbers are for the quarter....it looks like there is going to be a very different FIREmenu presence on shelves country wide by month's, the next couple of weeks are going to be quite interesting. It is not going to take long to have the CPG implementation paid for and more than paying it's way going forward...the ...more  
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