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If you were to look back at analysts or economists predictions it is clear that they are wrong close to 100% of the time nice work if you can get it.Stocks often do well if they beat the so called estimate by a huge margin although the stock market now just seems to be controlled by bots and short sellers.It is frustrating to see the huge swings in so many stocks regardless of their earnings potential or valuation.
To answer your question, it doesn't say on my Trading platform how much SPRWF (FIRE) was expected to lose from those analysts that don't know how to predict anything in my honest opinion.
The best analysts are on message boards.
Any chance you know how much they were expected to lose?
Looks like they got something good going on. However, The US Congress is the nut you want to hold for.
This awesome earnings report is just the launching pad. And any pot news out of DC and the entire sector will get attention. This Q report gives that attention what it’s looking for.
I’m going to set a buy before I go to bed tonight. Maybe .45
I bet it runs tomortow, but you know how penny stock players are? 3 days of no news and they run. Play it for more shares, not for cash. Sell some on the run reload on the pull backs and lower your over all average.
I’m in accumulation mode. I got in late to the party, so my game plan is different that the guy holding 300k+ below .10 and I have a long time frame. 2022 I’m not trading in an IRA, so I cant really sell for the cash. I’m tapped out on more income.
Looks to me these guys have a quality production and culture. Their buisness plan is set for American legal pot. America opens up, there won’t be any supply to meet the demand. Edibles will be king of the pot sector and that’s their thing.
I like that they sell in bulk to other pot producers. They don’t need America sales to stand on their own feet. That’s a plus.
We might close Friday with a new 52week high.
All this accumulation the past 2 days screams, someone knew the #s were going to be good...as always.
It would be fun to get a bunch of those GameStop eyeballs in here.
Pot is hot and we’re making $$$$. With the right eyes looking in, God only knows what’s going to happen tomorrow.
I’ll be pumping on the momo boards
steady as she goes...gap filled
Supreme Cannabis beat Analysts expected NET REVENUE by 6.83 million and GROSS REVENUE by 10.137 million (in Canadian dollars) according to the Earnings/Revenue analyst tool on my online broker Scotia iTrade (yes I am Canadian).
OGI makes 1 million more per quarter than Supreme Cannabis and OGI has a market cap of 1.06 Billion and OGI has a DECLINING year to year growth ratio of NEGATIVE 23%.
On the other hand Supreme Cannabis has a market cap of 263.38 million and their revenues are only 1 million less per quarter and Supreme Cannabis has a INCREASING year to year growth ratio of POSITIVE 102%.
You can see all the Canadian revenues in page below:
https://www.newcannabisventures.com/cannabis-company-revenue-ranking
Supreme Cannabis is a gem, undervalued and this one will POP!
FIRE (Supreme Cannabis Co Inc.) has now made the cut in revenues in CAD dollars and now has been added on page below!!!!
https://www.newcannabisventures.com/cannabis-company-revenue-ranking
What’s your opinion on the earnings release this afternoon? Thanks
security halt. toxic financiers dumping and people panicking at the moment set the tsx alarm and halted the stock for 5 min
If we consider the shitty investors that can not hold + the toxic financiers that do whatever they frigging dump, we are fucked., unless we hold and buy the ask and give them hell we going down. More than great second Q, revenues + positive EBITDA. We are at par with APHA but in smaller scale. THEY BEAT ALL ANALYSTS EXPECTATIONS NO BY SMALL NUMBER BUT MORE LIKE 15 millions over. WTF AWESOME
Continued strong revenue growth and operational efficiency
2021 Second Quarter Highlights:
Positive Adjusted EBITDA1 of $3.6 million
Consolidated net revenue of $18.3 million
54% net revenue growth quarter-over-quarter
52 active retail SKUs with 9 new SKUs introduced in Q2, with presence in all 10 provinces
Completed fourth shipment of medical cannabis to Israel through its Truverra brand
Maintains a strong liquidity position, including a cash balance of $41.9 million pro forma including net proceeds of $21.5 million from the unit offering subsequent to quarter end
This is going to be a great play durning the course of 2021 with increasing profits. With a few more opportunities to pick more shares for the next quarter.
We should be able to get back to ..407 are within a short time frame.
I saw that.
Someone must have gotten some free Supreme Cannabis samples up in the TSE
Why was there an IIROC trade halt at 9:50am EST and a resumption at 9:55am this morning for TSX:FIRE? Was it halted for some news as I cannot find anything.
Yes, once the US Senate is done with this immature farse, the embarrassment is going to need something big to win back over the dumb masses.
It’s not looking good for this impeachment joke circus.
Pot can and will turn the tide.
Pot is going to be the left’s savior. They got nothing else.
“10 for the Big Guy” will only piss off more people.
I mean the vote doesn’t matter anymore, but come on man! Throw the people a bone.
Buy the dip till Congress cranks up the pot chat. Both sides are for it..
I got 100 acres between Jackson Miss and Meridian full of plywood pine trees. It’s all ready to come down. I’d love to grow pot instead of letting the State replant.
Ole Miss grows pot for the US government. Mississippi pot has to be good stuff.
I’d love to be a farmer.
I got a long ways to go to get where you are.
Thanks for taking the time to respond, Fink. It's appreciated.
If you make more than $400k in income, the amount over $400k is going to be taxed at 70%
So why do it. Stop @ $400k.
Unless you are trading in an IRA, you do not get hit with capital gains tax till you get old and start to take $$$ out. Age 72 or some chit.
And if you remember back when Clinton first got in office and submitted his income tax parameters, he made the tax law retro to the year he first got in. That jewel cost me $60k. But they gave me 4 years to pay it off.
So who knows what this crowd is going to do to our tax liability for 2020.
Pray they leave it alone.,
Volume looks awesome in here.
Fink, can you please expand on the 400K threshold that you mentioned?
A Buck and beyond!
And don’t forget Chuck Schumer needs to please his group of followers with legalized pot across America. No more of this Medical MJ BS, but legal pot. Like cheap beer and cigarettes. A home run investment for any economy.
Once this Trump circus is over, all they got is pot. This is going to fly. My first limit sell is $1.99 to get my original $$$ out and will hold the rest free at no risk then. Move on to the next.
Adding on the dips.
What sucks for me, I’m getting very close to that $400k threshold to avoid 70% income tax. I have to hold. And it’s only early Feb!
I wish I bought this in my IRA. Live and learn fellas..
Back of America Analyst had his price target of 2.25 back in 2019 when there was no profits. Now we have profits. Can't wait for this Quarters Profits it will be a Blowout Quarter.
I still see a return to a buck in the future
I agree on the Congress part. This take off feels stronger than the initial Canadian speculation. All we need now is a few big partner sector deals to pop in anywhere over the next couple months to fuel it beyond rational.
If financials are positive in right direction.... will shoot up 1.00-2.00 all Canadian stocks follow each other closely
I think it’s more about what Congress does with legal pot across America.
Doesn’t matter what the Qs and Ks say at this point.
You could be looking at a $20+ stock in here just off of speculation.
I got another 4K @ .335 on that last push. I’ll continue to add.
What are your looking at to see where the wall is at.
yup but he toxic financiers put another wall at .39. If the Q is good we will break the chains from them
Great being Accumulated nice and slow No Gaps.
That's why I ended buying in so high at $1.67 I'm not a pot head so I watched it go up and up said I would never buy it and ended up getting sucked in at the high. But I said I'm going to go for it and kept buying all the way down. Took a little profits on some of my cheap shares and bought more RVVTF.
Or Congress gets on the stick and legalize pot once and for all. I got a feeling after they get Trump out of their system, they will focus on doing the right thing for once.,
I’m no pot head. In fact, I can’t stand it, but I also can’t stand Merlot.
Starting to load this one when and where I can.
I’ve finally gotten on the pot wagon after all these years. I’m sure the sector has weeded out the scams by now.
Pots going to roll, index funds are the way to play em.,
there is such a wall at .31 in the canadian side......(
When News Comes out we Break over .268 Resistances Can't Wait
Should be turning up soon
.2475 new baseline. And .268 Resistance
good to see this holding its gains...giddy up
Broke through resistance and now building a new Base at .234. Money Flow Positive All Day GEEN
Getting Close to .21 Resistance for the Second Time should Break Through Again then Onward and Upward .25 to .29 berfore Earnings After that .35 to .50 Cents. Accumulation line now building at .207 Area and Money Flow Building and Green All Day. Very Positive
Stock under Accumulation all Morning. Money Flow Green all Day
End of Day I think we break .21 Resistance.
Building a Base Line at .2036 Area we already broke through resistance at ..021 once. And when we break it the second time we go much higher. Earnings comes out in a few weeks then we Explode. Super Great Earnings Expected.
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A glimpse at Supreme's most recent harvest !!!
The 7ACRES facility is FULLY FUNDED and the "Phase 1" of bringing more grow space online is underway!
Press Release below:
Supreme Pharmaceuticals Closes $55 Million Offering
http://www.supreme.ca/news/company-news-releases/press-release-details/2016/Supreme-Pharmaceuticals-Closes-55-Million-Offering/default.aspx
http://www.bnn.ca/video/supreme-pharmaceuticals-ceo-why-i-ll-sell-to-other-pot-companies~1020399
https://www.youtube.com/watch?v=KB2GDHDfb8A
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