Supreme Cannabis Company Inc. (The) T.FIRE

GREAT QUARTER! (Surprising tho)

[bever64]

* cost cutting/optimization/expenses...incredible job. * wholesale awesome (better than a write off) * cash on hand 20m (txs to atm) but now operation is optimized therefore stable moving forward. *rec disapointing but at least they have explanation. (Without a good explanation this would have gone down tomorrow imo) * cont wholesale/adding med/plus growing rec with tailwinds (ontario stores ) bodes well.... So lets guess 2m sales rec in sept...can that grow to 9m over the next q? Should be able to eclipse 15m q rev soon...market likes de-risking...looking streamlined now...

[vulcan123456789]

I would agree bev.. I gave you a point..never thought I'd do that.. cheers

[johnale]

- Gross margin moving in the right direction - 53% up from 41% adj for the write downs. which is great.  (price stability will come to the market eventually with expanded retail competition and that 53% will be realized without inventory write downs)  - shareholders equity increased for the first time in 4 qs  188mil from 132mil - implying 38.5 cents a share value. 

[bever64]

The ATM should be over now...they sold.4.5M shares in NOV @.145 c ; which "might" explain the Sp weakness if those that bought were up to no good. quote=johnale] - Gross margin moving in the right direction - 53% up from 41% adj for the write downs. which is great.  (price stability will come to the market eventually with expanded retail competition and that 53% will be realized

[bever64]

Sorry they bought in OCT.. I dont see any financings down here mainly because i dont think mmcap would allow it.....and they dont really.need it if they can keep.improving. mmcap has 33% ownership right...i think they have their hands full. [/quote]

[johnale]

Ya we were speculating that they turned on the atm in October full blast (obviously to protect balance sheet)  so they can turn it off post earnings and allow insiders to buy - as there are some rules preventing insider buying when atm is turned on.   bottom line is we all agree they increased shareholder value with this quarter.  should see a nice increase in the equity and

[Method]

I think given the dip in sales in July and September being the best month yet suggests September sales must have been close to or above $3m.  If wholesale sales stay at this level or higher, that's a path to $2m in positive EBITDA in Q2. 

[vulcan123456789]

well said method.. things look much brighter.. we are on the right path

[nearnorth101]

Well said Method, I agree, I think we will see $15M in sales for Q2

[StayInvested]

Did anyone catch the call? Beena spoke of how Supremes brands have between 3-5% total market share. 7acres was the 10th most popular flower brand nation wide, 6th or 7th in Ontario. The July dip seems to have been an aberration. September being a record month is good to see, and no forecast was given, but they "remain confident" in the current growth prospects.  The numbers are

[nearnorth101]

we were 7th most popular flower brand in Ontario which is very impressive considering the top 6 are all from larger LP's

[watchmeplz]

Method, what do you chalk up the negative 8m in the bank accts?