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.

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TSX:FIRE - Post Discussion

Supreme Cannabis Company Inc. (The) > 100% gain is actually pathetic

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Post by theTransporter on Oct 27, 2020 8:04pm

100% gain is actually pathetic

To have a 100% gain from this level is a pathetic $0.25.

Tell me the last time an earnings report made a company's stock run 100%?

Even a 50% run is a stretch which would only give you a $0.19 stock price. Horrible!

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Comment by johnale on Oct 27, 2020 8:24pm

I'll agree with you there. It's pretty pathetic. but to methods point - doesn't take a lot of money to get you to .25+ so it's actually not that much of a stretch. right now we are trading at 1.5x2020 revenues and less than 1x 2021 projected revs - which we are currently operating in q2. and we are about to go positive ebita. so not much ...more

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Comment by vulcan123456789 on Oct 27, 2020 8:30pm

well I would hope something happens in the next few weeks.. get us in the 30s again and then go from there.... . cheers

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Comment by RealistGhost21 on Oct 28, 2020 7:34am

LOL unbelievable you just confess you were gambling with this compagny. Not a investor at all.

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Comment by vulcan123456789 on Oct 28, 2020 7:58am

ghost.. how do you get that I am gambling with this stock.. I am prob in the top 5 or 10 percent for dedication to this stock slash company as an investor.. I'm sure I would be in the top ten percent as well for the size of my position.. .. I continue to purchase. as recently as a few days ago at .13.. how do you get I'm just gambling on this stock.. no I'm a serious investor here ...more

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Comment by HorsesforCourse on Oct 28, 2020 8:30am

They have enough cash to keep them afloat, allowing them for time to grow sales, they are closer to profitability. With many retail stores being added + increased product breath, that is the key to maintaining, for now.

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Comment by watchmeplz on Oct 28, 2020 10:25am

In my opinion, afloat for how long is the question, no one is even remotely thinking of financing something with 450+m shares o/s let alone this co in a market where no companies can even legitimately break even. Increasing sales only is a good thing when sales are done in profit not at a loss. The dynamics of growing dont scale, you have more plants then you need more electricity, more employees ...more

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