Supreme Cannabis Co Inc fka SPRWF

[Durden871]

Summary
Supreme Cannabis (OTCQX:SPRWF) (TSE:FIRE) is a mid-sized Canadian cannabis company with good revenue growth and average margins. They focus on premium dry flower, although cannabis oils should launch later this month, and are building toward a 440,000 sq. ft. footprint with annual capacity of 50,000 kilograms/year.

While Supreme's results over the past several quarters have been reasonable and the company has traded in line with the sector, I'm not inclined to invest in Supreme. My approach is very data driven and Supreme has some of the worst disclosure in the sector. For example, Supreme doesn't disclose how much cannabis they grow, how much cannabis they sell, or their split between wholesale sales (to Tilray (NASDAQ:TLRY) and others) and recreational cannabis sales. Supreme also doesn't tell investors their costs per gram or their revenue per gram, does not have earnings calls with analyst questions, and does not provide forward guidance.

Despite solid growth, I will stay on the sidelines until Supreme improves their investor disclosures to industry-standard levels.
https://seekingalpha.com/article/4270860-supreme-cannabis-opaque