On July 17, 2019 Supreme Cannabis (FIRE.T) announced that it has signed an “acquisition agreement” to gobble up all the shares of a privately-held Truverra Inc.
Since I’ve known and been covering former Supreme Cannabis (FIRE.T) CEO and current President John Fowler, I’ve referred to him as the T-1000.
Supreme (FIRE.T) is an office darling for a few reasons, but none more so than the fact it’s a company you can be proud recommending to friends and family. I know I am.
Some days I wish I was a “pure numbers guy”, so I could dispassionately analyze financial data – and base my investment decisions solely on that. But I’m not that guy.
The cannabis sector is getting a wake up call as SP normalizes and market caps tank. While pumpers go down in flames, companies like Supreme Cannabis (FIRE.T) have stayed away from “promotion” and quietly built real value as well as a revenue-generating business.
Supreme (FIRE.T) oil/wellness subsidiary Blissco is determined to earn lots of green while going green
Supreme Cannabis (FIRE.T) subsidiary, Blissco, was a nice little craft grower when it hit the public markets last year, but what Supreme saw in them was more than a grow. They saw people, including CEO Damien Kettlewell, who had been for years advocating for smaller growers to be embraced by regulators and government, and an audience that has perhaps been untapped to this point.
As an investor it’s your job to know everything there is to know about a company before you sink your money into it, so when Supreme Cannabis (FIRE.T) said in 2018 that they were growing cannabis in Lesotho, you were well within your rights to ask: what or where the hell is Lesotho?
The cannabis sector is rife with rainmakers and the market caps have shown it. Now that the industry is maturing and investors are seeing the emperor as the naked man he is, many companies are in free fall over one thing – promises made, but never delivered.