Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Great News!
However, I wouldn't be surprised if the stock price drops somehow despite this news :(... The company has done everything right so far but just can't seem to get over the hump. I blame the current share structure for a lot of this. In any event, I am still long on this one (here since early 2014). Just extremely frustrated
-Rant over
Congrats to all!!
It's been one hell of a long wait. It'll be interesting to see where this stock price goes. One thing I know for sure is that I will be holding this stock at a minimum until 2018.
Whats another year to add on top of the three years I waited for this news.
Changes in capital gains reporting
There is a big rumor that come tomorrow with the Federal Budget in Canada being released that they will be taxing capital gains on investments higher. A lot of people have made money on this stock.
If you ask me, this coupled with the delay in getting the license are the two main reasons for the drop. There is literally nothing new or surprising than what we don't already know.
Personally, the industry isn't looking all that great right now with the bad press that has been going around. There has been no indication that SL wont get the license. My only worry is that since the inspection was in January how has Remo and SL not come up with satisfactory information that HC requires by now. Its my understanding that is the only issue with getting license is the Remo problem which I would think the information should be easily supplied.
GLTA
Notice send out by Supreme through their website. It's not the best of news but not surprising. We can thank all of those LPs who've screwed up with the pesticide use.
Hopefully it doesn't take long to fix this and they get the license soon. The waiting game continues. Load zone..
Be prepared to wait...however it's all good!
I do find it tilting when people either bash or put out a baseless claim indicating that the license is coming any day now without any backup. Makes it time consuming to try and read posts that are worth it.
The longest we will have to wait for the sales license is March 2017. The license to produce has an expiry on it, it doesn't last forever. At the shareholder meeting John indicated there's is up in March, if they don't get the license to sell again they would have to get re-approved to produce.
See what I did, I made a claim and backed it up with credible proof that can be relied upon. More people should follow this trend...
In any event, we know it's coming. No one gets as much money as they did with financing unless it will happen. Just sit back and enjoy the profits we are all going to make. It's coming...
December 16th, 2016
I think the shareholder meeting is going to be big. I wonder if SL has any leeway in being able to confirm with HC when they want the news to be public.
One would think being part of management you would want the news to come just before the meeting. I'm hopeful to be able to go, however if not my friend will be there.
PM any specific questions you all may have. They gave a great presentation last year during the meeting. Hopefully they can give an accurate indication of the sales licenses approval if we don't have it by then.
They appear to be creating changes for vaping products. It seems more restrictive (both from tobacco and non tobacco products (MJ). I think if anything this is good for the legalisation framework.
Vaping is what a lot of rec users do than just rolling up joints. Just from the people I know who smoke it (not saying ppl dont roll joints). I think they are looking at all angles of legalising MMJ and making sure rules are in place.
Pretty much vaping products need proper labelling, can only be sold to people over 18, where its allowed to be used (can't be around certain buildings), and will be under guidelines for Canadian manfacturing etc.
Currently on the call, hopefully this has something to do with the MMJ sector. The task force they set up to legalize MMJ did say they will report their findings at the end of November. In any event, will report back here once the call is done.
I agree with you 100%
We all know this stock is going to pop, I just wonder what the effect of this mistake is going to have on the actual pop when SL does get the license.
Here is the press relase....
http://www.supreme.ca/news/company-news-releases/press-release-details/2016/Supreme-Provides-Clarification-Regarding-Health-Canada-Website/default.aspx
Can't believe something like this happened, HC is so wack. This is going to hurt the stock IMO as people are going to be pissed at the news. Likely a tumble tommorow, who knows??.
In any event, someone at HC likely lost there job today...
So let me get this straight....
For some people the HC website says that they got cultivation and sale (mine does even after clearing cookies). For others, it just says cultivation only.
John Fowler personally on twitter said they did not get the license. However IIROC has issued a trading halt. I mean they wouldn't issue a trading halt unless it has been confirmed by SL. My understanding is that they would have been in contact with SL to confirm the news. No way they just know to do the halt...
Something doesn't add up here, really doesn't make any sense what John said and this whole back and forth with it showing on some peoples computers for HC website.
In any event, one thing is certain..SL has/will get the sales license, its really just a matter of when. If HC messed up and they didn't get the license, investors are going to be pisssseeeeeedddddd... Someone will have to explain whats happened today
Sorry for the long message, I had to rant. Another saga for us longs with SL.
Words of advice
Do not use Questrade for investing. I called them and unfortunately they do not send out news when a stock his halted/ resume's trading which is a big pain.
Can someone here tell me when it resumes/direct me to a site where I can monitor when it resumes...
BIG THANKS
PS - Someone wake up Nebula or get him on the board. I want to share this great moment with him. WE DID IT!!!
HC can be funny like that sometimes. In any event it has to be official now with the trading halt.
Can someone explain how they know the trading halt happened? I trade SL on the CDN ticker through Questrade. I didn't get any announcement for it or seen any PR. Just wondering how it is known and when to know it resumes.
I agree to a point, however you never really know with this market. There is no historical data or ways to determine investor patterns. The only thing is the option/warrant holders that will likely sell now and then buy later at a lower price. But they will likely wait to see how high the stock gets too.
http://www.hc-sc.gc.ca/dhp-mps/marihuana/info/list-eng.php
Check the website, it says that they have cultivation and sale?? John Fowler tweeted earlier that they did not receive it like an hour ago??
TFN where are you at? I'm surprised the stock hasn't jumped but my guess is the news hasn't been digested by the general public yet...
Thoughts anyone??
Its going to be interesting...
Way too many fakers out there with little to no business plans that doesn't make any sense at all. I keep peeling back a lot of the financials and press releases which don't add up.
People need to wake up and put there money in the real players (SL) with a proven track record or at least an MMPR license.
JMHO
Completely agree. The bubble burst of 2014 is what really hit me hard. I'm up now but am still amazed with all the money coming into the industry and some speculative buys in the last 2-3 months.
I got some THC for example in the low teens but really don't see how its market cap is over $100 mill.
I'd see this in the high $1-$2 range with license to sell just based on the share structure and whats needed to get into that price range.. But then again, nothing surprises me with this industry it could go anywhere at this point.
Bring back Silly!! I know he sold some and had a small position left but man sucks if hes not following this anymore.
GLTA
Yeah, this keeps me up at night wondering where to park my funds in next. Its such an exciting time, so many variables at play. I remember when Abbatis, Lexxaria, just to name a few where on the same playing field with where Supreme was. Even the Tanman Standyk once compared Abbatis as a company that closely resembled Supreme.
I just really don't think a lot of people who are coming into the MMJ sector are doing there DD or even analysing the companies financials. Companies like MGW or EAT shouldn't really be going up.
JMHO
Things are looking great..
Its been a while since i've posted but I have been up to date with the board. Shout out to Nebula, Silly, Blind John, any many of you all who kept me in this. It was bleak when my position in this was in the red. Was in here all the way back in 2014 at $.07. My only regret was buying high back then, I'm in an average position of about .30.
I am overly happy that I'm up >200% on this stock. It still shocks me however, how this stock has a higher market cap than other licensed producers which can even sell oils.
Even more shocking is how pot stocks have been doing as of late. THC, EMH, MGW, EAT just to name a few have rocketed. I feel sound with my investment in SL. Has the best business plan out of those other ones IMO. I just wish I had more money to play with....
GLTA
I really hope it lands in dollar territory soon. I remember when this stock was selling in the low teens and seeing my portfolio with this stock being in the red by 50%. Just glad that I stuck it through and purchased at lower prices.
Have you guys thought of what your going to do with all the $$$ we are going to make? I will be going to all you can eat buffets for breakfast, lunch, and dinner tomorrow. Top shelf alcohol for me at the bar tomorrow.
I cant even sleep right now from the excitement tomorrow.
Couldn't agree more on your post. It'll be an interesting next couple of months/years. I feel more secure with SL personally as an investment choice.
Having actually met John Fowler and the Supreme team I can tell this is going to be a great company. I'm just glad I got in at the prices where once the baby explodes I can really reap the benefits.
There you are..BOOOOM coming shortly!!
YES!! YES!! YES!!
Where is my good friend Blindjohn?? Haven't seen him post yet.
Way to go everyone this is a long time coming. Big shout out to all of you who have kept this board going with updates from the beginning. A special thanks to Silly. Back in 2014 I was reading your posts about this company that turned me into a believer and made in invest.
So from my understanding, MMAR is allowed to still continue until the government sets up something better which they have 6 months to do?
If this is the case, what is the big fuss about unless your just a short traders of MMJ stocks. Although the decision would have been better that any MMJ purchased goes through LP's this doesn't seem like an end all to me.
Hopefully the government will create a system within the next 6 months that work and SL gets the ability to produce. I'm in this for the long run so not deterred by today's news. Thoughts anyone?
He actually gave out his number on Twitter because people were discussing about what's going on with the stock price/warrant incentive. At least he is not hiding and is willing to discuss about it.
I do find it annoying the warrants they just issued. Is this available to all shareholders or only a select few?. I thought by now they would have enough money and with MMPR around the corner they would not need to do that.
My only guess is this gives insiders an opportunity to get into the stock at a low price before it explodes. I believe it was .55 for a common share that is good until mid 2018.
It will work out in the end
I kick myself thinking about how I bought in the high .30s back in Aug 2014 only to see a low of .115 back in Aug 2015. Its been a long and exhausting road waiting for MMPR.
I definitely wont sell any time soon, even when it hit .50 I considered it. Knowing my luck they would have gotten the license and the price would have gone higher. Who knows right? best to not think about it even though its very tilting.
Does anyone have any updates or recent news?
Whats going on???
CDN side just dropped 11%? It's in the .30's which I thought those days was over. Anyone know any news?
Shareholder Meeting
I had a friend who went to today's shareholder meeting in Toronto. Nothing but great things he had to say. John did mention that he expect to hear back from HC no later than January for inspection results.
Hold on to your shares its going to be a fun ride friends. He mention that John and the team are very personable and appear poised to be ready to take it to the next step. They currently have a certain space retro fitted for production but once there able to scale it to whole facility they will have a ton of grow space.
Sky's the limit folks....anyone else enjoying the green in there stock portfolios from SL? I know I am.
A little frustrating....
Most longs here I assume are averaged in around .30s. I for one was a high .30s but averaged down to high .20s. It unfortunate some of the things that have happened with SL. Most of companies went public only after getting MMPR and thushad the ability the control there shares as opposed to SL who have shares widely held and hence these pumps and dumps.
Mark my words this stock is severely undervalued. What people to need to realize is that this company has the most potential out of any company not named Canopy. From the facility to location there's no reason why SL cant have a market cap similar to Canopy eventually. The only issue is waiting on the time for MMPR and the process to sell.
SL will get the license, with the Liberals shift to green and being environmentally concious, its a no brainier that a greenhouse that just got inspected will get it. Hopefully this will be sooner than later especially with how HC is now awake. My problem is determining when the exit point from this stock will be. It will be going up on MMPR news but stupid day traders and people who are comfortable with just a 5-10% return will bring the real value of this stock down. Longs like me who realize this has double initial investment value will just have to be calm and wait for the right time.
Sorry for the long message, I felt the need to vent for people who keep screwing this stock over.
Any thoughts on where is stock is going?
My average position is north of .30 from back in 2014. Just added some at the opening at .27 (what a steal). I do have some expenses coming up shortly but man I don't want to pull my money especially with the news that came out.
Shareholder meeting is coming up on the 18th in Toronto. Can't wait to try and attend and find out more info for all.
THIS BABY IS FINALLY GOING TO BLOW!!. NO REASON WHY HC WONT GIVE THEM THE OK AS WE ALL KNOW THE FACILITY IS GREAT. I AM ACTUALLY SURPRISED THEY RELEASED INFORMATION THAT THEY HAVE THE INSPECTION DATE INSTEAD OF BEING TIGHT LIPPED.
ANY IDEA WHERE THIS STOCK PRICE IS GOING TO BE AT? SILLY THIS IS A DREAM WE'VE BEEN WAITING FOR SINCE 2014. I CANT WAIT FOR ALL US TO SHARE OUR SUCCESS STORIES ON THIS STOCK.
ITS ABOUT TIME!!!!!
Same old story...
Anyone have anything new about SL to talk about. I'm starting to get the idea the MMPR wont come until 2016. I've seen tweets by John Fowler with the #2016 #MMPR along with it. Can't help but speculate he is dropping hints that it will come but just a matter of it being in 2016. He posts pretty forward statements about SL and MMPR which gives me that indication.
Any thoughts??
Stockhouse article
That’s kind of going to be the theme for the day. Supreme Pharma’s (CSE:SL, Forum) chart looks like a ski jump right now, having been climbing steadily for the last few weeks on rumor that the firm has an inspection date in place and could be close to getting its license. CEO John Fowler is tight lipped, but uncharacteristically smiley at the moment, so something’s certainly up. But the early jump of that stock from $0.22 last night at the close to $0.25 at the next day's open was, like the others, marked with late profit-taking that, in this case, has seen SL actually fall on the day some 6.8%.
Read more at http://www.stockhouse.com/news/newswire/2015/10/20/medical-marijuana-update-the-end-rona-ambrose-and-rise-canopy-tweed-v-cgc#MV8Ti5IzutKf7Wq5.99
Confirmed Liberal Majority!!!!
This is awesome for the MMJ space. Legalization is still a VERY long way from happening. This however is a very big step forward. I really hope SL gets its done soon. I am still hoping to just break even on my position.
Being Canadian, I can tell you it wont be a majority at all for any party. Liberals are our best bet for MMJ legalization as they will push that forward. Truth be told, minority governments do really little in getting things pushed from what I've seen. Hopefully after the elections it wont take too long for another licensed producer (SPRWF).
Just hope its not conservatives at all who win.
Election Day
Federal Election is coming up in Canada. Monday Oct 19 will be a big day for the MMJ sector depending on the outcome. I doubt we will see any companies get the MMPR license until then.
Finally some good news...
From the link posted I did hear the discussion that John had, he did mention that no pre inspection hasn't been done yet, so it leaves me wondering where all this new hope is coming from??. I mean it all sounds good because he did say he expect production beginning towards the end of the year, but with the pre inspection not done yet, how can be really assured?
I am pessimistic because we have been down this road before where we thought the license was coming (the longs here though this was going to be done in 2014). Its great to hear some positive news and it was more forward than the fluff from what has been put out before.
I would love to sink for money in this stock at its current prices but I've already put a ton in averaging the high prices I initially bought this stock. Has there been any other posting on this recently?
Care to share what you heard behind the scenes at Supreme? What the latest news?...
My opinion
For anyone new to the message board or just visits this board sometimes here is a summary instead of having to go through the mountains of posts that pretty much circle back to the following below;
SL has not received the MMPR yet, the facility is actually legit and does exist. They have a management team and a business plan ready to put in place as soon as they get the MMPR license. SL is not a scam by any means of the imagination. They have had contact with Health Canada and have submitted the necessary documentation. All that's left is for Health Canada to come in and inspect and grant the license.
In the meanwhile, the stock will constantly go up and down. I have been here during the highs and the current lows. This stock can go all the way down to 5 cents for all I care. Until the MMPR news comes out, expect this stock to take massive swings up, or as more recently down. We can all go back and forth on why this stock is going down or up, but in reality all that should matter is MMPR or not. Insiders buying or selling stocks is whatever at this point and whatever other discussion points people bring up outside of MMPR news relating to SL.
IMHO