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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 bever64 on Oct 21, 2020 2:01pm

Financing ? RS?

I really dont know but very suspicious they are trading so poorly with the next Q highly likely to show decent Q o Q improvement in a growing sector. I suppose an advantage for those on the inside if so...
Comment by RealistGhost21 on Oct 21, 2020 2:38pm
Expect the worst that stock anytime the stock get down before report it is because some information leak somewhere.
Comment by Method on Oct 21, 2020 3:21pm
Two low probability guesses, I would think. Financing would seem unnecessary as they have a decent amount of cash on hand and a much lower burn rate. I wouldn't be opposed to a reverse split but they probably would have included the proposal with the shareholder meeting a few weeks away. The only thing on the ballot are the directors and the auditor appointment. I don't think the ...more  
Comment by vulcan123456789 on Oct 21, 2020 3:29pm
I would agree method.. financing not headed.. sales going up.. no need for reverse split however.. that would only be a gift to the shorts to do so at this time at this price.. increase sales.. make profit.. keep cost down.. just keep progressing as more retail opens up.. that will create the excitment needed.. cheers
Comment by nearnorth101 on Oct 21, 2020 3:31pm
Without some news or promotion the SP is going nowhere, Beena has been on the job for months now and the SP has tanked. They have great products and seem like there is future potential but so far no one is listening
Comment by Method on Oct 21, 2020 3:46pm
  There is no reason to be promotional right now especially since they haven't allocated new options to the BOD and management yet.  The AGM is a month earlier than last year and before Q1 earnings are normally released which might be the opportune time to allocate those options at the BOD meeting coincident with the AGM.  
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