|Bid||1.3700 x 0|
|Ask||1.3800 x 0|
|Day's Range||1.3500 - 1.4000|
|52 Week Range||1.1500 - 2.4300|
|Beta (3Y Monthly)||4.23|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 23, 2019 - Sep 27, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.83|
Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) has reported its financial results for the fourth quarter and fiscal year ended June 30, 2019. Revenue was C$19.01 million, up from C$3.55 million for the fourth quarter of 2018. Net loss for the quatre was C$421,000, compared to a profit of C$234,000 for the same period last […]The post Cannabis Stock News Daily Roundup September 18 appeared first on Market Exclusive.
The Supreme Cannabis Company, Inc . (TSX: FIRE) (OTC: SPRWF ) reported fourth-quarter and full-year results Tuesday that included quarterly net revenue of $19 million, a 90% increase from the previous ...
TORONTO, Sept. 17, 2019 /PRNewswire/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F), announced today the release of its financial and operating results for the fourth quarter and fiscal year ended June 30, 2019. "We end fiscal 2019 as one of the few Canadian cannabis businesses building sustainable operations and valuable brands, reporting $3.2 million in Adjusted EBITDA1 for the fourth quarter," said Navdeep Dhaliwal, CEO of Supreme Cannabis.
[Editor's note: This story will be updated each week with new stocks and analysis. Please check back often for Mark's latest take on marijuana penny stocks.]Every investor has dreams of investing a couple thousand dollars in a penny stock, watching it rise to $100 per share, making millions of dollars and retiring to a private island. Because of this, penny stocks can be very appealing to investors that are willing to accept the high amount of risk that comes with this type of security.Even more tempting are penny stocks in the marijuana industry. In this rapidly booming industry, it is reasonable to assume that there are some hidden gems.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut you need to be careful when investing in penny stocks, because many of these companies will not survive. After all, there is a reason why they trade at such low prices. * 7 Tech Stocks You Should Avoid Now The following marijuana penny stocks are worth looking at for different reasons. These are not recommendations. I just want to give you some insights that will help you with your decision making. CannTrust Holdings (CTST)CannTrust Holdings (NYSE:CTST) continues to head lower. There is a good chance that this company will be forced into bankruptcy. Since March, the stock has dropped from over $9 a share to current levels around $1.50.Back in July, a disgruntled former employee tipped off the authorities that CannTrust (now best known as Can't Trust) was illegally growing cannabis in unlicensed rooms.Of course, as is typical nowadays, all of the illegal activity was discussed in emails exchanged between senior management. It soon became apparent to the authorities that not only was CannTrust's management aware of the illicit behavior, they in fact orchestrated it. This led to the firing of CEO Peter Aceto. Eric Paul, the chair and co-founder of the company, resigned.Now BNN Bloomberg reports that senior CannTrust employees bought seeds on the black market which they then used in their legal growing rooms. The employees tried to cover it up by changing the names of as many as 20 different strains. Because of this there is now some illegally grown cannabis in the legal markets.Some analysts believe that the company still has value, but I would stay away from it. I think that there is a good chance the stock will continue to drop.My guess is that we soon see more of this type of illegal activity at other growers. The Can't Trust saga will lead to more whistle-blowers and cause Health Canada to increase its enforcement efforts. The next few months should be a very interesting time for the cannabis growing industry. Cannabix Technologies (BLOZF)Cannabix Technologies (OTCMKTS:BLOZF) develops and manufactures marijuana breathalyzers for the police.This company's stock has a pretty cool symbol. "BLOZ" is pronounced as blows, as in "blows into the breathalyzer." The "F" is added because it is a foreign company.Levels around 80 cents were support last December and then again in May and June. They became resistance in late July and probably will be again if the stock rallies again to these levels.Support levels becomes resistance because the people who bought it at the support level are losing money when the level breaks and the stock goes lower. These investors tell themselves that if the stock price rallies back to the level at which they purchased shares, they will sell it so they can get out at break even. This then creates resistance by creating a supply of stock at that level.Over the past month BLOZF has traded sideways and has been consolidating around the 55 cent level. * 10 Stocks to Sell in Market-Cursed September Cannabix is based on a cool concept, but unfortunately that has not translated into profits. The company has been losing money and some analysts do not believe that this will change anytime soon. The Supreme Cannabis Company (SPRWF)The Supreme Cannabis Company (OTCMKTS:SPRWF) grows and sells medical cannabis in Canada. It currently has a market capitalization of around $365 million.Supreme recently gave guidance for the fourth quarter that was very impressive. It will be releasing its official results on Sept. 17.For the fourth quarter, the company estimates revenue to be around $19 million. This would be an increase of 450% over the prior year's fourth quarter revenue of $3.6 million. 97% higher than Q3 revenue, it also marks the company's eighth-straight quarter of sequential revenue growth.They company also said that it expects to have a positive adjusted EBITDA for Q4 and for fiscal 2020.SPRWF has been trending higher since the news came out about one month ago. It had found support around the 90 cent level before the trend began. There is support at this level because it is where the bottom was in December. Canopy Rivers (CNPOF)Canopy Rivers (OTCMKTS:CNPOF) is a public venture capital firm that invests in the cannabis industry.CNPOF stock caught my attention because after losing over 50% of its value, it is trading at levels that were support last December. It has held the $1.80 level for about a month, although in recent days it has been closer to $1.70.The company just announced that it has formed a strategic advisory board. This board consists of industry veterans who bring a lot of experience and connections to the table. Included is the former president and CEO of Kellogg's (NYSE:K) Canada operations, Philip Donne.In addition to this seemingly positive development, Canopy Rivers also announced that it has begun trading on the Toronto Stock Exchange. This is a bullish development for the stock because it ensures greater transparency for investors. * 7 Stocks to Buy In a Flat Market It also legitimizes Canopy Rivers. In order to list on a major exchange, a company needs to adhere to rigorous accounting standards. This makes it more appealing to some investors. Terra Tech (TRTC)Terra Tech (OTCMKTS:TRTC) operates as a vertically integrated, cannabis-focused agricultural company.Since March, shares of TRTC stock have declined from $1.40 to current levels around 35 cents per share. Maybe the decline has come to an end. It has held around its current level for two months and just released news that may be a positive for the company.The company just announced that it is selling the assets of one of its dispensaries for $15 million. This fits with the company's restructuring plan. It is trying to strengthen its balance sheet and this was a move in the right direction.Terra Tech also announced that it has settled a long-running lawsuit with the Vande Vrede family. This family used to have some interests in the company, and Terra Tech has purchased all of their shares and preferred stock. Having the lawsuit out of the way will allow its management to focus on running the company. OrganiGram Holdings (OGI)OrganiGram Holdings (NASDAQ:OGI) produces and sells dried cannabis. It has a current market cap of about $685 million.The U.S. Securities and Exchange Commission considers penny stocks to be those that are trading at $5 or less. OGI stock has declined by about 50% in just four months. Trading around the $4.40 level, unfortunately for shareholders, it is now a penny stock.OrganiGram just announced that it has received approval from Health Canada to license 17 growing rooms. This will increase the target capacity of its Moncton, New Brunswick facility to 76,000 kilograms annually. It is too soon to see how this will affect the stock, but it could be a positive. * 10 Battered Tech Stocks to Buy Now Wall Street is bullish on the prospects of this company. 13 firms follow it. There are 10 "buy" recommendations, one "overweight" and two "holds" on the stock. The average target price is around $12. This is almost three times higher than current levels. VaporBrands International (VAPR)VaporBrands International (OTCMKTS:VAPR) is (or was?) engaged in the vaporizer business. VAPR stock is basically worthless. It is currently trading for less than 1 cent a share. It caught my attention though because there has been a lot of news recently related to vaporizing.Vaporizer companies have been under pressure due to medical issues that have been attributed to vaporizers. There have been numerous stories of users becoming extremely sick. There have even been some reports of fatalities. President Donald Trump publicly addressed this issue and said that he is considering a ban of flavored vaporizers.Ironically enough, this news will probably be bullish for the industry. This is because it will help to move along regulation. Cannabis use is so widespread that it needs to be regulated by the U.S. Food and Drug Administration to ensure quality standards. Users should know that if they purchase the product it is safe to use. Until this happens, people will continue to get sick from using unregulated cannabis.At the time of this writing Mark Putrino did not hold any positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk appeared first on InvestorPlace.
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 ...
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.
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 ...
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 ...
The speculative nature of the cannabis industry has led to some wild swings in pot stocks, but an ETF's big trades are also adding to the volatility.
Toronto, Ontario--(Newsfile Corp. - August 14, 2019) - The Supreme Cannabis Co. (TSX: FIRE) CEO Navdeep Dhaliwal sits down with Capital 10X to talk all things Supreme Cannabis.Cannot view this video? Visit:https://capital10x.com/supreme-ceo-nav-dhaliwal-guidance-branding-balance-sheet/Nav touches on their recently released Q4 and 2020 guidance, their path to profitability, and how Supreme's balance sheet is set-up for success in the coming year.He also discusses how the company's 7ACRES brand has achieved its status as one of the ...
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.
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 .
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
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 ...
Ash Rajendra assumes role of Chief Information Officer. Valerie Rother assumes role of VP, Talent. Supreme Cannabis' Board of Directors announce search for new independent director. TORONTO , July 24, ...
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 ...
The Supreme Cannabis Company, Inc. (TSX: FIRE) is readying itself for Canada's "legalization 2.0" by entering into a definitive agreement with the private company Truverra Inc. The deal is expected ...
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 /PRNewswire/ - 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").
Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) has received a purchase order from American Eagle Outfitters (NYSE: AEO) for hemp-derived CBD infused personal care products. The deal will see GGB’s products hitting shelves at nearly 500 of American Eagle stores. The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) and Blissco Cannabis (CSE: BLIS) (OTCQB: HSTRF) reported […]The post Cannabis Stock News Daily Roundup July 12 appeared first on Market Exclusive.
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.