SUPREME CANNABIS (OTCQX: SPRWF) (TSXV: FIRE) $2.50 PRICE TARGET – BMO Capital Markets analysts Tamy Chen, CFA, and Peter Sklar, CPA, CA, recently initiated coverage of The Supreme Cannabis Company at Market Perform with a C$2.50 per share price target, representing a 15 percent premium to the then-current market price. The analyst sees the potential for a C$3.00 share price with brand traction, accelerating sales, ramping production, and strategic international acquisitions.
If i told you about the markets and this property if you don’t know what the same it’s all day the markets in the crop this industry if i taught you about the largest still the largest business true if i told you about the 52-week low the knife is true you ain’t watching you ain’t winning at your popular cause it’s true yeah i told you about the markets and less
Profits in these trough if i don’t you back my just fill the – it is true if i told you about the 52-week lows and rises true you ain’t watching you ain’t me hey guys how you doing so i’m back and i have to bring you guys this breaking news so fire love this company they got wiz khalifa they got i’m actually breaking down their share structure so it’s
Sp rwf in america on the otcqx the highest tier exchange in america and it’s fire in canada on the toronto stock venture exchange okay now this company here is a 96% buy with the strongest short-term outlook on maintaining the current direction long-term the trend strength is max long-term indicators fully support a continuation of this trend i believe this
Is probably one of the most undervalued cannabis stocks in the whole world i’m putting it out there this is one of the most undervalued cannabis stocks in the entire world okay and i’m telling you right now is gonna blow it’s gonna blow look at the chart see how its building momentum up ninety-two percent since december twenty fourth twenty percent in the last
Month it is gaining steam and more and more people are recognizing that this is an undervalued underappreciated underexpose company read right here the supreme cannabis company inc is engaged in production and sale of medical and recreational cannabis the company is a cultivator and distributor of cannabis through its wholly owned subsidiary seven acres which
Is a world-renowned company okay now the reason why i brought you this video is that the bank of montreal one of the largest banks in canada analysts initiate supreme cannabis so this is news that just broke today the cf n media group the leading agency and financial media network dedicated to north american cannabis industry and now it’s publication of an
Article discussing the supreme cannabis company fire is the symbol of canada s pr wuf is a symbol in america and the otcqx the highest tiered exchange in america and frankfurt in germany under the symbol 5 3 s 1 the cannabis industry may have been dominated by michael copps a years ago a couple years ago but multi-billion dollar valuations blue-chip investments
Cannabis focus etfs and growing analyst coverage is helping it reach a new level of maturity the wider market is finally starting to realize the cannabis industry significant potential in both medicinal markets as a pharmaceutical alternative and recreational market as an alcohol or tobacco alternative capital market analyst tammy chen cfa and peter sklar cpa ca
Recently initiated coverage of the supreme cannabis company at market perform with the $2.50 per share price target it’s currently priced at 221 so that’s a nice like little more than what like a 15 percent balance from these prices so that’s a nice little target i don’t mind taking ten percent representing a 15 and they’re saying right after is that representing
A 15 percent premium to the then current market price the analyst sees the potential for a $3 share price with a brand traction look at that so a $3 share price would be an increase of about for every 10 percent you’re getting 22 cents so about a 35 percent increase that’s pretty substantial on supreme from these levels and it’s a 96 percent buy bar chart it has
Two hundred ninety million shares issued an outstanding 285 million are on the float which means out of the 290 million shares they have total 285 million or actually out there for people to buy itself okay so they’re sure structures actually similar to kennedy growth and canopy growth is trading at lake ridiculous levels compared to supreme cannabis company now
Canada growth is making way more revenue so they deserve to be trading higher and they have billions of dollars of cash in the bank but nonetheless this is a company that’s coming up and has been doing a good job for a long time and it needs attention right now when nobody’s looking at it that’s the time that we need to kind of consider should we buy the stock and
I mean like i want to know what do you guys think do you guys own this stock do you think it’s time now to position yourself in the supreme cannabis company they are with a little bit of attention going to most like and render $3 in canada and with brand traction accelerating sales ramping production and strategic international acquisitions there’s no reason why
This will be trading at 3 bucks which will be about a 30 percent return from these levels and who doesn’t want an extra 30 percent return on your money focus on discerning customers supreme cannabis has always focused on discerning heavy cannabis users as its core market with premium dried flower that contains a flavorable level of terpenes management estimates
That these users account for just 20 percent of all cannabis consumers but in terms of revenue they account for upwards of 80% of purchases terpenes aroma profiles play a big role in attracting discerning customers to cannabis flower products the company’s four hundred and forty thousand square foot hybrid greenhouse in ontario is licensed for seventeen thousand
Five hundred kilograms per year of dried cannabis production management hopes to bring the facility up to full production of 50 thousand kilograms per year by mid 2019 with smaller grow rooms and a whole plant dry approach the company’s cannabis products are superior to many competitors using more industrial scale approaches to mass production currently the company
Has been taking advantage of wholesale demand at attractive prices as the market matures the company plans to transition itself to become a premium recreational brand providing sustainable margins over the long term these efforts are supported by partnerships such as its agreements with khalifa cush enterprises and its lineup of kke branded products and the launch of
Its full spectrum cannabis oils and concentrates that is going to be huge they’re talking about cbds people and khalifa kush that’s wiz khalifa the hip-hop star oh yeah i just think this is like a mini kennedy growth canopy growth has snoop dogg and wiz khalifa is always calling snoop dogg cousin what up cuz so if wiz khalifa is with fire like snoop dogg is what
Can it be growth is this a mini can it be gross i think it is guys i’d like to know what you guys think i’d love to know what you guys think about this news a by rating a market perform and price targets of 250 to $3 when we’re currently trading o at 222 right now it’s going up based on this news already so i’d love to bring you guys the news i’d love to bring it
To you first i’d love to analyze it and explain to you guys why i think what i’m thinking and love to know what you guys think about this right now this is the news that is literally trending right now let’s talk about their international expansion efforts supreme cannabis made a 10-million strategic equity investment to acquire 10% of medi grow a licensed producer
Based in lesotho that’s developing a five hundred twenty thousand square foot greenhouse in march 2018 what that is enormous these efforts could provide the company with early inroads into africa cannabis market after lesotho become the first country on the continent to legalize cannabis that is huge and medi grow is the first cannabis producer to receiving licence
In the country in march 2019 the company also announced a letter of intent with malta enterprises that would enable it to produce and process medical cannabis in the country wow this is so big and potentially export to european markets wow i just got cloud these guys are going international folks and what do you think they’re doing by working with wiz khalifa in
America that’s huge my goodness this is so big most canadian licensed producers have directly exported cannabis to europe with eu gmp certified facilities but the loi could pave the way for the import of non gmp certified cannabis into malta for distribution across europe wow that is enormous looking ahead so the supreme cannabis company fire sp rwf in america
Has made significant progress over the past few quarters 166 in america 221 in canada so it’s made a lot of progress in all areas including its price with capital markets initiative coverage the company joins aurora cannabis inc canada growth corp oak anagram as other industry giants covered by the mainstream analyst firm investors may want to take a closer look
At the company given this coverage and its progress wow that is big this is very big guys let’s take a look at their website i don’t know guys it’s still cheap and i’m telling you guys this is like a baby kennedy growth i’m telling you right now it is a baby canopy growth they got the same share structure they’re working with wiz khalifa they’re worth wiz khalifa
Canopy growth is with snoop dogg and they call each other cousins i think it’s perfect i think it’s a match made in heaven love to know what you guys think if you liked this video smash the like like button comment down below share the video everywhere if i win and you win we all win it’s true this news is so new it isn’t even on their website yet i brought it to you
Guys first and this is really what i like to do everybody’s got a pump of roro roro whatever you know i’m gonna talk about all the different stocks and i’m gonna tell you guys what’s happening and i’m gonna try to bring it to you guys first love to know what you guys think about this news about fire is this gonna finally blow it’s still dirt cheap in comparison to
All of its peers does this mean that this company blows look at that right in the heart of downtown toronto awesome – i know that area very well this is crazy i support you geez neighborhood right there as the pork chops in the middle of all this a we believe the world is ready to end a century of cannabis prohibition a global movement rooted in canada supreme has
Been at the center of the cannabis space since 2014 in pursuit of this massive opportunity isn’t it crazy how in five years you can go from a small little company that’s thinking about getting in the cannabis sector to a large multi-million dollar and in some cases in a lot of cases these companies will become billion-dollar companies it’s just mind-boggling how
These companies have literally transformed in five years it’s unbelievable supreme trades as fire on the tsx on the toronto stock exchange currently at 221 and is a testament to our passion for cannabis our obsession with quality and our mission to light up the cannabis sector we established seven acres as the first licensed producer following focused on growing
High quality cannabis in high quantities today seven acres is enroute to becoming canada’s leading cultivator of consistently great commercial cannabis as legalization grows beyond our borders we will continue to identify new opportunities to build innovative cannabis businesses across the globe the supreme cannabis company trades under the symbol fire on the
Toronto stock exchange at spr w f on the otcqx exchange in america seven acres is supremes wholly owned operating subsidiary and currently is supremes only operating business unit what do you guys think of this news i love this news this is breaking news remember it’s tv live and is strictly for education entertainment purposes always do your due diligence always do
Yours your your research before you invest in anything that we talk about here enrich to be live i’m gonna continue to research supreme cannabis love to know what you guys think if you like this video smash the like button comment on this video share it everywhere if i win and you win we all win it’s true is your boy rich bring you the news bring it to you first
Supreme now being initiative coverage it’s true unbelievable by bank of america bank of america issuing coverage of supreme pharmaceuticals there it is analysts initiate supreme cannabis and the thing that i like the most about this article is the last three companies that they list initiated coverage on where canada growth o ganna grab and aurora cannabis all
Three of which have exploded anticipate that supreme cannabis will follow suit is you’re born rich if you’re not winning you’re not watching it’s true we bring the news and we bring it to you first supreme cannabis has been given a market perform with a $2.50 price target in canada currently trading at 221 what do you guys think and they believe that it could go
To at least three dollars we’ll stay tuned and we’ll keep you updated on the progress as it happens is your boy rich and i’m hope peace
Transcribed from video
SUPREME CANNABIS (OTCQX: SPRWF) (TSXV: FIRE) $2.50 PRICE TARGET By RICH TV LIVEliveBroadcastDetails{isLiveNowfalsestartTimestamp2019-03-18T163404+0000endTimestamp2019-03-18T165332+0000}
