Post by
ridingrockets on May 06, 2021 3:28pm
having fun?
Personally I am enjoying watching Canopy drop. This may cause the deal to fall through as offered. I'm still holding and well i've since added too. I believe Tweed needs to buy companies like Supreme to get to a profit in the future. They want 7 Acres. I do not blame them. So I am of the belief they will do something in some fashion to boost share price. NR most likely ie a timely acquisition announcement could do it. Grapefruit USA would be a game changer for them. It's imo Canopy or Hexo. So here's hoping a direct path to sell in the USA is acquired by one of these two. Either way Im comfortable with Supreme being on its own and riding out whatever happens on the interim to the share price. This company was on the verge of posting a true profit. Granted a small one but a real one. Their primary issue is getting their stock in dispensaries. If the consumer wants a brand in particular the dispensary will stock it. It is that simple. Unfortunately the switch from wholesale to retail, existing marketing restrictions coupled with covid makes it a long road to travel.... have a great day all!
Comment by
maritimedreamer on May 06, 2021 4:03pm
I doubt there is any chance this deal falls through. Still think supreme could of done on their own but beena had did plans. A lot of lost time and money on this one for me, not sure about cgc.... we live and learn. Pretty checked out of all of it for now tbh