Best Cannabis Play - SPRWF - FIRE - Undervalued - Set to Explode
I wanted to re-sound the alarm on this, other people have said this stock is undervalued, and I am going to repeat their findings, this stock is grossly undervalued compared to its peers.
Everyone has been going all in on Aurora Cannabis, Canopy Growth, Aphria etc. Now is the time to trim your positions in the bigger cannabis companies and rotate it into Supreme Cannabis. Supreme has landed contracts with 6 provinces to supply liquor stores with their premium buds. Compared to Aurora who currently has 5 I believe (8-9 billion market cap). Supreme has been in production for approx. 12 months and has been fastest growing cannabis company of all time compared to other licensed producers growth rates. They achieved approx. 8 million in revenue first 12 months of production. Check their last 12 months news, its extremely impressive. Below are some notable findings.
"Supreme Cannabis signs supply agreement with Manitoba Liquor and Lotteries"
"Supreme Cannabis signs supply agreement with Alberta Gaming, liquor and Cannabis commission.
" Supreme Cannabis enters into MOU with British Columbia Liquor Distribution Board"
"Supreme Cannabis secures supply agreement for the Province of Ontario"
"Supreme Cannabis secures supply agreement with Nova Scotia Liquor and Prince Edward Island"
"Supreme Cannabis secures supply agreement with Tilray - 20 million
There supply capacity will balloon up to 50,000 KG in 2019. At $6000 per KG, they will be bringing in nearly $300 million revenue from max capacity.
Based on their current valuation of 400-500 million - Supreme Cannabis is grossly undervalued compared to its peers.
I predict a monster run from this stock over the next 12 months. I think Supreme has the ability to hit 10 per share in the right conditions.
Everyone has been going all in on Aurora Cannabis, Canopy Growth, Aphria etc. Now is the time to trim your positions in the bigger cannabis companies and rotate it into Supreme Cannabis. Supreme has landed contracts with 6 provinces to supply liquor stores with their premium buds. Compared to Aurora who currently has 5 I believe (8-9 billion market cap). Supreme has been in production for approx. 12 months and has been fastest growing cannabis company of all time compared to other licensed producers growth rates. They achieved approx. 8 million in revenue first 12 months of production. Check their last 12 months news, its extremely impressive. Below are some notable findings.
"Supreme Cannabis signs supply agreement with Manitoba Liquor and Lotteries"
"Supreme Cannabis signs supply agreement with Alberta Gaming, liquor and Cannabis commission.
" Supreme Cannabis enters into MOU with British Columbia Liquor Distribution Board"
"Supreme Cannabis secures supply agreement for the Province of Ontario"
"Supreme Cannabis secures supply agreement with Nova Scotia Liquor and Prince Edward Island"
"Supreme Cannabis secures supply agreement with Tilray - 20 million
There supply capacity will balloon up to 50,000 KG in 2019. At $6000 per KG, they will be bringing in nearly $300 million revenue from max capacity.
Based on their current valuation of 400-500 million - Supreme Cannabis is grossly undervalued compared to its peers.
I predict a monster run from this stock over the next 12 months. I think Supreme has the ability to hit 10 per share in the right conditions.
Comment:
Correction: 14 million with Tilray