The Supreme Story has stayed the same
With all the anticipation of a constuction completion date at the end November and the delays that followed, it created a perfect storm for bashers, shorters and weak hands to drive the share price of this stock down. When a companys share price falls a smart investor asks oneself..."did the story change?" Did the fundamentals change? The answer to that question is NO. With Marcomm completing the security build out we had the industry 's best in class. Its not a matter of if, it's a matter of when Health Canada does the inspection and Supreme will be granted its license. I think it happens in January. When I look at the current market cap, the size of the license, and the 40-50% cost reduction estimates for the greenhouse / hybrid format, I see the share price trippling from its current shareprice today on approval and thats a conservative estmate in my opinion. Could be a 4 bagger. Thats short term. long term I agree with the 200 million dollar market cap if Brayden and his team execute. The price could slide a little more as we wait but I will continue to average down. I believed in the Supreme story and the story has stayed the same. This post is my opinion about this company based on my own research.
