SPRWF - The Supreme Cannabis Company, Inc.
| Previous Close | 1.0500 |
| Open | 1.1050 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 1.0300 - 1.1100 |
| 52 Week Range | 0.8500 - 2.0400 |
| Volume | 224,657 |
| Avg. Volume | 394,171 |
| Market Cap | 345.498M |
| Beta (3Y Monthly) | 3.04 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0330 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Newsfile
Sweet Citrus Spice! Supreme Cannabis' 7ACRES Launches New Sativa Cultivar -- CFN Media
Seattle, Washington--(Newsfile Corp. - September 11, 2019) - CFN Media Group ("CFN Media"), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF).In recent years, consumers growing tired of bland beer with low-quality ingredients undergirded a craft beer movement that is still gaining steam. In fact, while overall beer volume sales dipped in 2018, craft ...
- CNW Group
Supreme Cannabis' High End Brand, 7ACRES, Launches New Cultivar: Jack Haze
Jack Haze is 7ACRES' first sativa-dominant strain with rare sensory characteristics. 7ACRES continues to achieve premium pricing with the launch of Jack Haze. As 7ACRES' first sativa dominant strain, Jack Haze delivers high THC content with a terpinolene forward profile.
- Newsfile
A Look Under the Rug at the Savvy Penetration of Europe's Cannabis Market by Supreme Heights -- CFN Media
Seattle, Washington--(Newsfile Corp. - September 5, 2019) - CFN Media Group ("CFN Media"), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) and how the company is penetrating the European cannabis market with the launch of Supreme Heights.As the nascent European legal cannabis market emerges, Canadian companies that have cut their teeth in their ...
- TipRanks
Marijuana Stock Supreme Cannabis Is Ready to Spark Higher
The Supreme Cannabis Company (SPRWF) has been fighting to gain sustainable traction for some time, and it appears it has put the pieces in place to make a run at the top of mid-tier cannabis companies.It had a decent last quarter, but what really separated from its peers was its robust guidance, along with the announcement it should reach positive EBITDA in the not-too-distant future.In this article we'll look at some of its numbers, guidance, and how it could more than double its share price.Some of the pieces that should drive growthEven though Supreme Cannabis made a few moves in the past to generate interest in the company, nothing was really impressing investors much.For example, last quarter it announced its partnership with Wiz Khalifa and Khalifa Kush Enterprises Canada to offer branded, premium products in Canada and in the limited international presence it had. Then and now, I look at that as more of an add-on business until proven otherwise.At the international level, it has a presence in the tiny nation of Lesotho, located within the borders of South Africa. It has a population of about 2 million. The company is working on producing cannabis oil products for the medical market that it can deliver to other nations via its Medigrow brand.It also has Supreme Heights2, an investment platform which focuses on brands in the early stage of development that target the EU and UK CBD markets.These are interesting, but they don't do much to push the needle in the near term.One of the more exciting segments of Supreme's business is its 7ACRES brand, which has been transitioning from a wholesale business to a consumer brand. That is expected to be completed by the third fiscal quarter of 2020.Up until May 2019, the facility had 180,000 square feet that was operational. It received approval from Health Canada to add another 50,000 square feet to the facility, bringing the total to 230,000 square feet. That is expected to generate approximately 33,580 kilograms of dried cannabis annually. The company plans on increasing the facility to more than 440,000 square feet, which would bring the annual production rate to 50,000 kilograms of dried cannabis. Some of the square footage will be allocated to office and grow space.Two recent acquisitions are going to help separate Supreme Cannabis from the rest of the mid-tier cannabis companies. It recently closed its acquisition of Truverra and Blissco.Truverra is an extraction and purification business that also has a CBD hemp business in Europe. Blissco, which is focused on the international CBD markets, should be able to produce tincture bottles at an annual run-rate of 7,000,000 by December 2019.The combination of its old and new businesses should be a strong catalyst for growth over the next couple of years.GuidanceSupreme recently announced some of its expected revenue, earnings and guidance for its upcoming September 17, 2019, earnings report.For the fourth quarter the company is looking for revenue of about $19 million, an increase of 90 percent sequentially. That's roughly 45 percent higher than current consensus estimates of $13 million. For fiscal 2019, it should come close to $40 million in revenue.Also important, it's guiding for positive EBITDA for the reporting period, the first time it will have achieved that, and also for all of 2020.Fully guidance for 2020 is for revenue to jump to a range of $150 and $180 million, significantly above the consensus of $130 million.With 7ACRES scaling and the addition of Truverra and Blissco, it has some strong tailwinds that will boost its pace of growth.ConclusionI haven't thought much of Supreme Cannabis in the past, primarily because of its lack of meaningful catalysts that would allow it to be competitive in the cannabis market.Now with 7ACRES scaling and its newest acquisitions poised to boost revenue and shrink margins, the company is ready to be a legitimate player among the mid-tier competitors, and if it continues to improve, could possibly push its way into the lower tier of the major players in the industry.Either way, Supreme Cannabis has an excellent chance to grow its share price, and shareholders should be rewarded nicely over the next year or so, as the company stands today.Visit TipRanks’ Trending Stocks page, and find out what companies Wall Street’s top analysts are looking at now. Disclosure: No position.
- Newsfile
Supreme Cannabis Pulling Away From Peers, Guides Up to $180 Million in 2020 Revenue -- CFN Media
Seattle, Washington--(Newsfile Corp. - August 16, 2019) - CFN Media Group ("CFN Media"), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing The Supreme Cannabis Company (OTCQX: SPRWF) (TSX: FIRE).While still in its infancy, the cannabis industry has reached an inflection point where some clear separation is happening between companies. To use some old axioms, "The cream is rising to the top" and ...
- CNW Group
Supreme Cannabis Announces the Closing of its Acquisition of Truverra
TORONTO , Aug. 13, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F) is pleased to announce the closing of its acquisition of all of the issued and outstanding shares of privately-held Truverra Inc. ("Truverra") (the "Transaction"). The Transaction was completed by way of a three-cornered amalgamation pursuant to which 2708300 Ontario Ltd., a wholly-owned subsidiary of Supreme Cannabis, amalgamated with Truverra to form a newly amalgamated company ("Amalco") which shall operate under the name "Truverra Inc." as a wholly-owned subsidiary of the Company.
CNW GroupSupreme Cannabis Provides Guidance for Positive Fourth Quarter 2019 and Fiscal 2020
The Company will not pursue potential share consolidation approved at 2018 annual general meeting. TORONTO , Aug. 13, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F) today announced its expected revenue for the fiscal fourth quarter ended June 30, 2019 and provided guidance for fiscal 2020. Supreme Cannabis' expects to release the Company's audited fourth quarter and annual results on September 17, 2019 .
- Newsfile
Cannabis M&A Spree Continues with Supreme's Merger with Blissco -- CFN Media
Seattle, Washington--(Newsfile Corp. - August 1, 2019) - CFN Media Group ("CFN Media"), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing The Supreme Cannabis Co.'s (TSX: FIRE) (OTCQX: SPRWF) (FSE: 53S1) recent merger with Blissco.The cannabis industry is quickly moving through a well-known cycle for emerging markets. Like Google in the tech industry, early market entrants that have become successful in a ...
- CNW Group
Supreme Cannabis Appoints New Chief Information Officer and VP of Talent
Supreme Cannabis Appoints New Chief Information Officer and VP of Talent
- Newsfile
Supreme Cannabis: At the Epicenter of Premium Products -- CFN Media
Seattle, Washington--(Newsfile Corp. - July 22, 2019) - CFN Media Group ("CFN Media"), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF).The old Aesop axiom advises to be vigilant, for you can be known by the company you keep. If that's the case, then Supreme Cannabis must feel pretty good, as it has surrounded itself ...
CNW GroupSupreme Cannabis to acquire Truverra as it prepares for Legalization 2.0 and Global Medical Markets
Truverra's Health Canada licensed facility in Toronto, ON to produce cannabis derivative products for Legalization 2.0. Truverra to serve as Supreme Cannabis' global medical brand, building on existing R&D platform and established CBD offering in Europe . TORONTO , July 17, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F) today announced that it has entered into a definitive agreement (the "Acquisition Agreement") under which Supreme Cannabis will acquire all of the issued and outstanding shares of privately-held Truverra Inc. ("Truverra"), to be effected by way of a three-cornered amalgamation between Truverra, Supreme Cannabis and a wholly-owned subsidiary of Supreme Cannabis (the "Transaction").
- Benzinga
Supreme Cannabis Closes Acquisition Of Blissco Cannabis
Supreme Cannabis Company Inc (OTC: SPRWF ) announced that the Supreme Court of British Columbia has released a final order approving previously announced agreement to acquire Blissco Cannabis Corp. (OTC: ...
- PR Newswire
Supreme Cannabis to Close Acquisition of Premium Wellness Brand and Extraction Company Blissco
Blissco to expand Supreme Cannabis' portfolio of premium cannabis brands into the wellness category. Will provide in-house extraction capabilities for other Supreme Cannabis brands, including 7ACRES. Will expand Supreme Cannabis' product portfolio to include CBD and THC wellness products and pre-rolls.
- GlobeNewswire
Blissco Cannabis Corp. Announces 99.28% Shareholder Approval of Arrangement with The Supreme Cannabis Company, Inc.
Blissco Cannabis Corp. (the Company or Blissco) (CSE:BLIS) (HSTRF) (FRA:GQ4B) is pleased to announce that, at the special meeting of shareholders of Blissco (Blissco Shareholders) held today (the Meeting), Blissco Shareholders voted in favour of a special resolution (the Arrangement Resolution) to approve the previously announced plan of arrangement (the Arrangement) between Blissco and The Supreme Cannabis Company, Inc. (Supreme Cannabis) (FIRE.TO) (SPRWF) (53S1.F). Subject to the terms and conditions of an arrangement agreement (the Arrangement Agreement) between Blissco and Supreme Cannabis dated May 16, 2019, Supreme Cannabis will acquire all of the issued and outstanding common shares of Blissco (Blissco Shares) not already owned by Supreme Cannabis.
- InvestorPlace
Can Vaping Growth Help Investors Extract More Value From Aphria Stock?
Of the multiple positive catalysts should fuel Aphria Inc (NYSE:APHA) in the months ahead, the most intriguing one is is vaping, or using a vaporizer to get the desired effect from cannabis use. My InvestorPlace colleague Will Healy pointed out some of these catalysts in his June 6 article, when APHA stock was trading at more than 50% below its 52-week high.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe next day, Aphria announced that it had entered into a supply agreement for the Canadian market with San Francisco-based Pax Labs, a leader in the manufacture and sale of vaporizers. In the U.S. alone, Pax has sold more than 500,000 Era vaporizers to date with plenty of growth expected in the months and years ahead. "As Aphria continues to drive the evolution of the industry, we are thrilled to partner with a technology leader like PAX to provide a new avenue for consumers to integrate cannabis into their lives," said Irwin Simon, interim CEO of Aphria. "We are excited to bring our premium cannabis extracts from Solei, RIFF and our flagship medical cannabis brand, Aphria, to the PAX Era device and platform." Vaping is Going to Be Big in CanadaThe vaping market in Canada is expected to be significant. Aphria estimates that vapes and concentrates will account for up to 30% of the entire adult-use market by 2021. The great thing about vaping, from Aphria's perspective, is that concentrates provide a much higher margin than dried cannabis. * 7 Stocks to Buy for a Dovish Fed Statistics show that U.S. use of vape products is growing, while the use of dried flower is slowing. In Colorado, the use of vape products increased tremendously over three years. In 2014, vape products accounted for 12% of the legal market. By 2017, that number had grown to 23%. Meanwhile, over the same three years, the use of dried flower dropped by 12 percentage points to 54% of the market. Between edibles, concentrates, and infused drinks, the cannabis industry is moving away from the dried flower to an industry filled with choice. The fact that Aphria is partnering with one of the premier vape companies is a sign that Simon understands the importance of moving beyond supplying dried buds. APHA Is Not AloneThat only downside from Aphria's announcement is that PAX pick three other Canadian cannabis producers to help sell its product: Aurora Cannabis (NYSE:ACB), OrganiGram (NASDAQ:OGI), and Supreme Cannabis (OTCMKTS:SPRWF). However, the fact that Aphria is near completion of it $55 million Extraction Centre of Excellence in Leamington, Ontario, makes this concern far less of an issue. That's because when completed, Aphria will have annual extraction capacity of 200,240 kilograms, making it one of the largest extractors in Canada. Currently, analysts haven't factored Aphria's extraction facility into their valuation models. Once the facility is running, and products are available for sale in late December or early in 2020, Aphria stock is going to be far more attractive to investors than it is today. Bottom Line on Aphria StockIn May, I highlighted the pros and cons of the regime change at Aphria. As I stated, it's hard to know if Irwin Simon's the right person for the job. While his work at Hain Celestial (NASDAQ:HAIN) was at times exceptional, in recent years he did little to impress investors, eventually stepping down as CEO in June 2018. * The Top 8 Tech Stocks of 2019 (So Far) Joining the Aphria Inc board in December as chairman, Simon was appointed interim CEO on March 1 after former boss Vic Neufeld retired in January. Since then, Simon's made a few management changes to put his own stamp on the company. The PAX announcement is a sign Simon might be sticking around as the permanent CEO. If the board didn't have confidence in him, this kind of deal probably wouldn't have happened. While not completely sold on Simon, the PAX deal in combination with the completion of the extraction plant, suggests investors aren't giving Aphria stock its due.Aggressive investors ought to consider buying this potential growth and value play. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post Can Vaping Growth Help Investors Extract More Value From Aphria Stock? appeared first on InvestorPlace.
- Benzinga
Supreme Cannabis, Wiz Khalifa's Kush Enterprises Canada Launch Cannabis Oil
Supreme Cannabis Company Inc (OTC: SPRWF) on Tuesday launched a premium cannabis oil in partnership with Khalifa Kush Enterprises Canada. The KKE Oil is the first product under the KKA brand line developed under the partnership between Supreme Cannabis Company and rapper Wiz Khalifa's Khalifa Kush Enterprises Canada. It uses Sensi Star strain developed by 7ACRES, a wholly-owned subsidiary of Supreme Cannabis.
- CNW Group
Supreme Cannabis Launches Premium Cannabis Oil in Partnership with Wiz Khalifa and Khalifa Kush Enterprises Canada
KKE Oils were created for recreational consumers who want the convenience, high THC potency and precise dosing offered with a cannabis oil. KKE Oils are the first in a full suite of recreational focused products to be created under the partnership between Supreme Cannabis, Wiz Khalifa and Khalifa Kush Enterprises Canada. KKE Oils are expected to be available in British Columbia and Ontario by the end of the week and Alberta in early July 2019 .
- PR Newswire
/R E P E A T -- Supreme Cannabis to Launch Investment Platform Supreme Heights/
TORONTO, June 24, 2019 /PRNewswire/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F), today announced the launch of Supreme Heights, an investment platform based in London, UK focused on opportunities in the UK and Europe's CBD health and wellness space. Supreme Heights intends to make strategic investments in and provide support services to differentiated high-growth health and wellness businesses with focused brands and premium CBD offerings.
