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Bullboard - Stock Discussion Forum Supreme Cannabis Company Inc. (The) T.FIRE

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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) > Stifel re-initiates on FIRE w/ Hold and $0.30 price target
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Post by Method on Jul 22, 2020 9:32am

Stifel re-initiates on FIRE w/ Hold and $0.30 price target

They are at only $8.3m in revenue for Q4 but up at $85,4m in 2021E revenues.

Target is based on 12.5x  2021E EBITDA which is $17m.
Comment by johnale on Jul 22, 2020 9:44am
That's the same report reposted from May - no changes with the caveat at the end: Giventheabove,FIRE’sprofitabilityoutlookwilllikely dependongrowthinRECchannel volumes,forwhichourvisibilityremainslimited due to: 1) recent management changes, 2) longer sales channel shift, and 3) market impactfromCOVID.WithFIRE’ssharesfairlyvaluedat~4xCY20EV/sales(peers4.5x), we maintain HOLD and lower ...more  
Comment by Method on Jul 22, 2020 10:52am
  New analyst but same laziness. I used to have that job and a lot of it is copy and paste. Bankers probably forced them to re-initiate in case there is an M&A deal or financing fees coming. 
Comment by risingstars on Jul 22, 2020 1:09pm
Mostly 0.5-star analysts... https://www.tipranks.com/analysts/andrew-partheniou no move ...
Supreme Cannabis Company Inc. (The)