Supreme Cannabis Company Inc. (The) T.FIRE

Taking care of business

[George141]

well,.. Beena did a gutsy thing here. But it is the right thing...since debt wipes out profitability. Now the future is bright(er) To absorb this debt Beena knows that the company can support it. Yes it may affect the share value in the short term...but a clean balance sheet is money in the bank. Debt is a liability...if the share price stays at current level this was the best news Beena could have delivered to us at the moment...maintain

[OptGreen]

Agreed Geo, this needed to be done and down here.... last quarterly sales in the ~$10mil range to north of $20mil for FQ4/20 at a minimum is where the strength is going forward. The problem is only resolved with full production sales and healthy net margins in the $40-50mil per quarter range over the next couple of quarters. Profit realized in the next quarter or two and little cap ex necessary

[George141]

...I agree with your observation Opt. I know Trans questioned the timing and he has a point. However paying the debt early saves interest, it gives better quarterly results, and it shows confidence looking forward. Furthermore it proves credit trust which is very important and least but not last paying debt at the deadline would have raised many questions as to the health of the company. These

[Method]

Opt might be expecting $20m+ in revenue for Q4 when they report burn the street is closer to $8,5m. I'm just hoping the number is somewhere in between, 

[vulcan123456789]

I'd have to agree method..q4 I'm looking for a beat.. 12 to 16 would be good.. north of 20 for q1.. I think that shows good improvement.. and should help share price along with direction..more products etc.. if it's more fantastic.. but I wont exspect it.. best keep exspectations reasonable..jmho cheers