Topic: How To Invest

Q: Pat, what do you think of Supreme Cannabis? It looks undervalued in relation to other marijuana stocks.

Article Excerpt

A: Supreme Cannabis, $1.45, symbol FIRE on Toronto (Shares outstanding: 289.9 million; Market cap: $440.7 million;, is a Canadian cannabis grower, plus it has other interests worldwide. The company’s 7ACRES subsidiary owns a 440,000-square-foot facility located in Kincardine, Ontario. Through 7ACRES, Supreme Cannabis grows what it believes is a premium grade of cannabis flower. The facility currently has in operation 230,000 square feet of flowering room capacity, with output of approximately 33,580 kilograms of dried cannabis per annum. Once expanded to its full 440,000 square feet, including flowering rooms, processing and administrative areas, the facility should produce 50,000 kilograms of premium dried cannabis per year. Right now, 7ACRES’ premium flower is available for legal adult recreational use customers in B.C., Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia and Prince Edward Island. Supreme Cannabis also recently launched Cambium Plant Sciences, an intellectual property company focused on plant genetics and cultivation. Cambium aims to develop disease-resistant, premium seed stock for the rapidly growing global…

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