Supreme Cannabis Company’s Quarterly Revenue Increase of 90% Attracts Investor Attention
The ability of Supreme Cannabis Company to cultivate high-quality cannabis and increase quarterly sales revenue has caught the attention of investors and news outlets. Supreme Cannabis has multiple factors that indicate the possibility of large returns on investment. Other cannabis companies on the stock market don’t share the same cultivation practices and methods of Supreme Cannabis and might not see the same success as Supreme could in the future. Overall, Supreme Cannabis has several characteristics that indicate a potential rise in valuation in the future.
Firstly, Supreme Cannabis has a focus on cannabis that is of the utmost quality. The company doesn’t share the same cultivation practice of large-scale indoor cultivation as its peers or competitors. Supreme has a grow campus that cultivates nearly 50,000 kilos of premium and ultra-premium cannabis on an annual basis. This focus on quality cannabis is what allows the company to have dried flower cannabis priced at a higher amount per gram compared to competitors.
It is reported that Supreme Cannabis is one of the only other companies under $5 per share with a single-digit forward price-to-earnings ratio (forward P/E). The forward P/E of Supreme Cannabis is a good indication that the company may bring more profits for shareholders.
Supreme Cannabis reported its fourth-quarter and full-year results last month on September 18th and reported $19 million in quarter 4. The $19 million reported for quarter 4 represents a 90% increase of $9 million from the previous quarter’s $10 million in reported revenue. The company’s reported revenue for quarter 4 also reached positive adjusted earnings before interest, tax, depreciation and amortization (EBITDA) status of $3.2 million. Year-over-year, the same 4th quarter in 2018, had a negative adjusted EBITDA of $1.6 million. The company has now forecasted that the revenues for full-year 2020 will reach between C$150 and C$180.
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Supreme Cannabis Company’s Quarterly Revenue Increase of 90% Attracts Investor Attention
