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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 Jul 28, 2020 10:46am

Company

They will be closing the doors soon.
Comment by Daytrader1959 on Jul 28, 2020 12:42pm
Going belly up or closing that's ridiculous...lol I live 20 min from their operation her in Kincardine and have 3 family members who work there I think your info is from someone who is smoking too much weed?
Comment by johnale on Jul 28, 2020 12:46pm
What's the consensus from the family members of the last few months?  anectodally everything seems good. No volume in the market - as everyone waiting for supreme to update.  What's your feeling? 
Comment by theTransporter on Jul 28, 2020 12:48pm
No volume in the market?!?!  Have you seen today's volume in the market?  Quite a bit today just none of it coming into FIRE.  That's always been their problem, attracting buyers as they have nothing to attract them.
Comment by Daytrader1959 on Jul 28, 2020 1:09pm
My family has been a bit quite about things as they are in a small community word spreads like Covid...lol They have said that no covid19 issues to I pact operations at all, that product is moving out quickly and good employee morale so all seems good!
Comment by johnale on Jul 28, 2020 1:20pm
Good to hear -    consistent with the fact that they have been laser focused on revenues.  strong demand flowed through April and May - and all the new skus, plus being a top 9 brand in Ontario in May and June bodes well for increased market share.  I hope beena has some big bullets she puts out in the market in short order - and takes advantage of a bullish move in the ...more  
Comment by theTransporter on Jul 28, 2020 1:32pm
She's going ot fumble this one.  The time to have fired the gun was at the beginning of this bullish movement in the sector.  She's misisng the opportunity big time. Maybe she has no bullets in the chambre to fire?  One would think that if Q4 were some extremely great numbers, they would have provided an update by now to change the market sentiment of FIRE and not have to ...more  
Comment by johnale on Jul 28, 2020 2:03pm
I agree with your assertion - but I think she has a bit more time to provide guidance and be sure of their numbers with a corporate update.  you don't want to realease guidance without being on point.  She has until first two weeks of August - in my books.   
Comment by OptGreen on Jul 28, 2020 3:45pm
Of course joh, we will see guidance in the report when it is filed and made public...sounds like the shorts are hurting here and it they know it is going to get a lot worse for them when the report is filed. The company has done a 180 here and we are now heading to full production and profitability instead of collapse or picked up by others at pennies on the dollar....Moore and Beena have not ...more  
Comment by vulcan123456789 on Jul 28, 2020 3:58pm
well said opt.. I think it will be a merry christmas indeed.. jmho cheer
Comment by johnale on Jul 28, 2020 4:27pm
Agreed opt - well said.  as for replies from IR - it's definitely time for an update -  but like they have replied in the past - puff pieces are not moving the needle long term.  they are are laser focused on revenues - which changes the fundamentals and provides a sustained share price increase. 
Comment by Dunworkin2 on Jul 28, 2020 4:37pm
Not looking for puff, Q4 ended June 30, she can provide investors with a range for revenue and provide other updates very easily.  Little thing called communication, and building relationships, and given the revolving door history with ceos here, one would think she would be looking to build some trust, reach out to shareholders and c o m m u n i c a t e.   
Comment by theTransporter on Jul 28, 2020 4:59pm
100% agree.  She's been in hiding ever since she started.  No sign of life here.
Comment by brentkosta on Jul 30, 2020 10:19am
This post has been removed in accordance with Community Policy
Comment by Bever73 on Jul 28, 2020 2:18pm
Yeah what is most likely is another bland quarter which increases the likelehood of the need to raise money to pay off debt. That impending capital raise is likely scaring everyone away. A friend of mine emailed the company a WEEK AGO asking for details for how much they raised with the ATM program.....NO RESPONSE!! great job IR.... LOL
Comment by vulcan123456789 on Jul 28, 2020 2:28pm
you must be close to me I confer everything moving right along I'm 30 min from there
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