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Supreme Cannabis Company Inc (The)
Symbol FIRE
Shares Issued 341,484,985
Close 2019-09-24 C$ 1.31
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Globe says CIBC's Zamparo keen on Supreme Cannabis

2019-09-25 07:53 ET - In the News

The Globe and Mail reports in its Wednesday, Sept. 25, edition that CIBC World Markets analyst John Zamparo commenced coverage on Supreme Cannabis ($1.31) with an "outperformer" rating, calling its strategy "simple" but "supremely effective." The Globe's David Leeder writes in the Eye On Equities column that Mr. Zamparo set a $2 share target. Analysts on average target the shares at $2.72. Mr. Zamparo says in a note: "We find Supreme's strategy appealing because of its sharp focus on existing consumers, while its 7Acres brand is highly regarded. Future financing concerns are valid, but appear to be priced into the stock, and we deem it likely the company will be able to attain non-dilutive financing at reasonable terms." The Globe reported on Feb. 1, 2018, that PI Financial analyst Jason Zanberg said Supreme was in a "strong" position to supply the recreational marijuana market. He rated the shares "buy" with a $4.50 share target. In the item, The Globe noted that analysts on average targeted the shares at $2.45. Mr. Zanberg said, "Not only does Supreme employ a low cost greenhouse model but its operating costs are lower than the average LP in Canada." Supreme Cannabis shares could then be had for $2.42.

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