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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 Lou793 on Nov 29, 2020 8:01pm

Tax Loss Selling

FIRE hasn't participated at all in the cannabis stock rally.  HMMJ is up significantly.  The cost cutting and introduction of Hiway a few months ago to move their excess supply are staving off further losses, but it's done nothing to move the needle.

it's a good candidate for tax loss selling.  Tough for us under water already.  

What's Beena's next move?
Comment by theTransporter on Nov 29, 2020 8:41pm
absolutely NOTHING. Beena has proven not to give a sh!t about shareholders. 
Comment by vulcan123456789 on Nov 30, 2020 5:49am
beens is doing a great job.. cost cutting measures. how many new skus has she brought online since she took charge.. these all increase our sales.. shes taken care of the debrntures and secured our financial for some time to come....with the msnipulation going on .. fluuff news releases mean nothing. the only thing she needs to focus on is numbers.. NOT.. soothing the minds of some fickle ...more  
Comment by George141 on Nov 30, 2020 8:07am
well said Vulcan...Beena'a job is to move the company in the right direction. ...and she has. Will there be tax loss selling...probably but there will be deals to be had. The republicans will hurt the market to make it tough for Biden, and now that Biden hurt his one leg playing with his dog they will claim he does not have a leg to stand on ...well he has the other leg and he will stand tall. ...more  
Comment by theTransporter on Nov 30, 2020 12:33pm
Vulcan - problem with your thesis is it's based on "hope". I agree Beena is doing an excellent job with the performance of the company, but has dont absolutely nothign to translate that performacne into the company's stock performance.  That is part of her job too.   You are putting forward a case that if she continues to build this company better, that the stock ...more  
Comment by vulcan123456789 on Nov 30, 2020 12:46pm
i agree with on the atm.....unless they close it we just have to wait...like we have been doing...we got this much money and time invested and beena is moving things forward..whats another 3 to 6 months.. i wasnt the least concerned with q4... like i said long time ago i would judge on q1.. what i was doing.. q1 was impressive enough for me to continue waiting...see what she does with q2... so ill ...more  
Comment by theTransporter on Nov 30, 2020 12:48pm
What if Q2 is released, and they show $3M positive EBITDA, cash profitability, and continued QoQ growth predicted into Q3, and the stock price continues to be stuck in the mud, or if you're lucky, get a $0.05 appreciation then endless selling. Will you still be "next quarter it will happen" or  will you slap yourself in the face with reality and realize you're not making ...more  
Comment by vulcan123456789 on Nov 30, 2020 12:58pm
if there is decent q over q growth.. more skus stores deals and share price moves little ill hold
Comment by OptGreen on Nov 30, 2020 1:48pm
Hope is positive Trans, patience is more of what you are talking about and most that have been here for the long haul. myself included, have a problem with the length of the wait....to expect anything different than what the latest report provides and the guidance Beena gives you. With the exception of short selling, investors all invest with the hope that the SP will rise. Beena has expained ...more  
Comment by Lou793 on Nov 30, 2020 3:18pm
I think for many of us as shareholders, we need to see some improvement in the stock price.  I own the HMMJ ETF.  I have seen the value grow from under $7 to $9 since the election.  It's like a selective index for the cannabis industry.  We don't buy FIRE because we like their products, we buy it to make money.  Beena's plans are in the public domain.   ...more  
Comment by OptGreen on Nov 30, 2020 3:41pm
Agreed Lou, no one but who you see in the mirror everyday can tell you to buy sell or hold so to try to tell anyine to be patient or not is like pizz'n in the wind only with a little more fluid involved. But comparing FIRE to anything but the sector is not applicable in much else. Obviously they do today and on some better volume...probably best to load up now, hard to say whether there will ...more  
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