Post by
mariup on Nov 25, 2020 12:13pm
Message From SUPREME CANNABIS
Investor Relations November, 24th - 2020 " Thanks for your message. Our continuing focus is on developing a great company with efficient operations and leading brands. It is our belief that this is the best way to build long-term value. You may have noticed our recent quarterly results announced on November 16 when we reported: Achieved positive Adjusted EBITDA of $0.3 million Grew net revenue by 24% quarter-over-quarter Had 45 active retail SKUs, with presence in all 10 provinces Completed the third shipment of Truverra brand medical cannabis to Israel Maintained a strong liquidity position, including a cash balance of $20.4 million Also, on November 12 we announced that we entered into a supply agreement to offer Truverra-branded medical cannabis products through the Medical Cannabis by Shoppers online sales platform, a subsidiary of Shoppers Drug Mart Inc. We are pleased with this progress and expect to maintain this momentum into 2021. Regards, Craig "
Comment by
Dunworkin2 on Nov 25, 2020 12:54pm
A replay of what we already know, btw, VFF also announced a deal with Shoppers this morning. They are up 7%. If we have $20M cash on hand, cancel the ATM! And why aren't any insiders buying this baby?!?!
Comment by
RealistGhost21 on Nov 25, 2020 1:09pm
Agree with you Dun I got a similar answer I guess they just cut and paste their reply.
Comment by
nearnorth101 on Nov 25, 2020 1:29pm
totally agree, if we are close to breaking even or making some profit there should be no need for addtional cash at this time, Capex is close to zero. Hopefully the insiders are buying at these levels right now, How long do they have to file after buying shares??
Comment by
Munny23 on Nov 25, 2020 2:28pm
No insider has bought any type of shares for a long long long time. If they are not buying at these levels, what does that tell you.