THE SUPREME CANNABIS COMPANY INC. (FIRE.TO) PENNY STOCK - YouTube

welcome back to the channel leave a like if you  like the stock the penny stock is the supreme  

cannabis company incorporated ticker symbol fire.2  the supreme cannabis company incorporated engages  

in the production of medical cannabis products in  canada the company was formerly known as supreme  

pharmaceuticals incorporated and changed its name  to the supreme cannabis company incorporated in  

december 2017. the supreme cannabis company  incorporated was incorporated in 1979 and is  

headquartered in toronto canada they have emerged  as one of the world's fastest-growing premium  

plant-driven lifestyle companies by effectively  deploying capital to build a diversified portfolio  

of successful cannabis brands producing the best  cannabis possible remains the obsession because  

consumers expect nothing less supreme cannabis  operates across 450 comma 000 plus square feet  

of health canada licensed world-class facilities  delivering premium cannabis products across canada  

the integrated chain delivers cultivation  processing manufacturing packaging and  

logistics serving customers and partners  from coast to coast q2f 2021 highlights  

record positive adjusted ebi  tda of 3.6 million dollars  

record-consolidated net revenue of 18.3 million  dollars 54 net revenue growth quarter over quarter  

52 active retail skus with nine new skus  introduced in q2 with presence in all 10  

provinces completed fourth shipment of medical  cannabis to israel through its trovera brand  

maintains a strong liquidity position including  a cash balance of 41.9 million dollars pro forma  

including net proceeds of 21.5 million dollars  from the unit offering subsequent to quarter end  

accelerating revenue enhancing distribution and  introducing brands and high quality products at  

every key price point to address more consumer  experiences facilities completed benefiting  

from completed cultivation and extraction  infrastructure reducing capital expenditure  

and increasing scale deficiencies costs optimized  optimizing expenses and continuing to look for  

further efficiencies to create a more effective  organization and reach sustainable profitability  

here is the latest news of the company cannabis  giant canopy growth weeded.the cgc has announced  

a deal to acquire smaller canadian pot producer  the supreme cannabis company fire.2 in a bid to  

boost its appeal with non-medical consumers  david klein the chief executive officer  

ceo of smith's falls ontario-based canopy  said the deal is aimed at eliminating white  

space in the company's pot product portfolio  specifically in higher-end cannabis after  

emerging as an early leader in the canadian  recreational pot market canopy has seen its  

share of non-medical sales fall as its competitors  gained strength the company hopes to regain ground  

with the acquisition of toronto-based  supreme's seven acres premium pot brand  

we want it to strengthen our position in premium  flour seven acres fits that bill being the number  

one premium flower brand in canada klein told  yahoo finance canada in an interview on thursday  

the transaction is valued at approximately 435  million dollars on a fully diluted basis under the  

terms supreme cannabis shareholders will receive  0.01165872 of a canopy common share and 0.0001 in  

cash in exchange for each supreme cannabis share  held canopy said that's a roughly 66 premium based  

on monday's closing prices for both companies  shares on the toronto stock exchange the deal is  

expected to close in june 2021. the announcement  comes on the heels of canopy's deal to acquire  

the owners of ace valley an ontario-based white  label maker of pre-rolled joints vapes and edibles  

financial terms of that deal were not disclosed  klein described the deals with supreme and ace  

valley as tuck in acquisitions aimed at shoring  up canopy's cannabis offerings in canada ahead of  

more investment in the united states we think it's  all part of the same focused cohesive strategy  

he said we can bolt these onto our canadian  platform they allow us to continue to invest  

in knowing our consumer and innovation which will  ultimately help us when we go to the u.s market  

canopy said the acquisition of supreme would  result in 30 million dollars in cost synergies  

in the two years after the tie-up closes the  deal would add supreme's facility in concardon  

ontario to canopy pot cultivation footprint which  the company has aggressively shrunk over the past  

year through plant closures klein said he expects  the concardan facility to remain a long-term part  

of canopy's operations on a pro-forma basis the  company is expected to have a 13.6 share of the  

overall canadian recreational cannabis market it  is also expected to command a 23.3 per share of  

the premium cannabis flower market in ontario  and a 21.4 per stake of that segment in bc  

last month canopy announced it borrowed  million us dollars from private equity group  

king street capital management the move height  and expectation that deals were on the horizon  

on thursday canopy said it expects to have  about 2.5 billion dollars in cash on its  

balance sheet after the deal to buy supreme to  fund further expansion and product development  

for supreme shareholders the deal with canopy  represents a pathway to the united states market  

where the company is building out a cbd business  ahead of potential federal pot legalization  

canopy's non-intoxicating cbd portfolio includes  products developed in partnership with martha  

stewart as well as bio steel beverages and first  and free cbd oils topicals and edibles we have  

also built a highly sought after premium brand  in seven acres combining supreme cannabis with  

canopy a canadian market leader with exposure  to the united states presents a significant  

value creation opportunity for both companies bina  goldenberg president and ceo of supreme cannabis  

added in the release the canadian cannabis  sector has seen noteworthy consolidations in  

recent months in december afria affidavit to apha  and tilray tlry agreed to join forces to become  

the largest cannabis company based on revenue in  february hexo exo.2 hexo announced a 235 million  

dollars all stock deal to acquire rival canadian  cannabis producers elibus xena.2 people are  

picking their partners that's really what we are  seeing in canada i think that's healthy klein said  

it's the natural sort of house cleaning that takes  place in any space canopy said the deal has been  

approved by its board and supreme's board which  recommends that supreme shareholders vote in favor  

of the transaction the deal requires the approval  of at least two-thirds of supreme shareholders at  

a special meeting to be held in june supreme  shares surged 52.83 to 40 cents on the  

toronto stock exchange at 9 51 am et on thursday  toronto listed canopy shares fell 1.75 to 37.16

let's talk about the chairman and director  michael la breyer michael labrier joined the  

supreme cannabis company incorporated as chairman  of the board in april 2016. he brings extensive  

infrastructure real estate and successful  entrepreneurial experience to his role as director  

mr lobryer was previously the president of  candarelle stoneridge a national real estate  

development firm under his leadership the company  built a leading portfolio of major commercial  

residential industrial and high-tech  real estate projects across the country  

including the aura project the tallest residential  building in canada as president mr lobreir focused  

on financing property acquisition development  and management construction leasing marketing and  

asset management mr la breyer is an experienced  corporate director having served on several boards  

including primaris retail real estate investment  trust formerly borealis retail real estate  

investment trust where he chaired the governance  committee mr lobreir holds a master of business  

administration degree from the richard ivey school  of business at the university of western ontario  

the supreme cannabis company incorporated tsc  fire shareholders will have a reason to smile  

today with the analysts making substantial  upgrades to this year's statutory forecasts  

the analysts have sharply increased their revenue  numbers with a view that supreme cannabis company  

will make substantially more sales than they'd  previously expected after the upgrade the three  

analysts covering supreme cannabis company are now  predicting revenues of 65 million canadian dollars  

in 2021. if met this would reflect a substantial  32 percent improvement in sales compared to the  

last 12 months before the latest update the  analysts were foreseen 57 million canadian  

dollars of revenue in 2021. the consensus has  definitely become more optimistic showing a decent  

improvement in revenue forecasts the consensus  price target rose 83 to 41 canadian cents with  

the analysts clearly more optimistic about supreme  cannabis companies prospects following this update  

there's another way to think about price targets  though and that's to look at the range of price  

targets put forward by analysts because a wide  range of estimates could suggest a diverse view on  

possible outcomes for the business there are some  variant perceptions on supreme cannabis company  

with the most bullish analyst valuing  it at 55 canadian cents and the most  

bearish at 30 canadian cents per share this is  a fairly broad spread of estimates suggesting  

that the analysts are forecasting a wide range  of possible outcomes for the business of course  

another way to look at these forecasts is to place  them into context against the industry itself  

it's clear from the latest estimates that supreme  cannabis companies rate of growth is expected to  

accelerate meaningfully with the forecast 74  annualized revenue growth to the end of 2021  

noticeably faster than its historical growth  of 56 pa over the past three years compare  

this with other companies in the same industry  which are forecast to grow their revenue 34  

annually it seems obvious that while the  growth outlook is brighter than the recent past  

the analysts also expect supreme cannabis  company to grow faster than the whiter industry  

the highlight for us was that analysts increased  their revenue forecasts for supreme cannabis  

company this year the analysts also expect  revenues to grow faster than the wider market  

there was also an increase in the price  target suggesting that there is more  

optimism baked into the forecasts than there  was previously given that analysts appear to  

be expecting substantial improvement in the  sales pipeline now could be the right time  

to take another look at supreme cannabis  company thanks for watching leave a like