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Feb. 12, 2019, 8:34 a.m. EST

Supreme Cannabis narrows loss as revenue soars

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By Ciara Linnane

Supreme Cannabis Co. Inc. /zigman2/quotes/209645734/delayed CA:FIRE +9.43% /zigman2/quotes/203819708/delayed SPRWF +12.97% said Tuesday it had a net loss of C$1.55 million ($1.17 million), or 1 cent a share, in its fiscal second quarter to Dec. 31, narrower than the C$2.03 million, or 1 cent a share, posted in the year-earlier period. Revenue rose to $7.72 million from $1.68 million. With only two analysts covering the stock, there are no reliable consensus estimates. The company said it made its first shipments of 7 Acres branded cannabis to six of Canada's provincially regulated adult-use channels in the quarter. It announced an international partnership with Khalifa Kush Enterprises to develop and launch cannabis products for the Canadian and international markets, excluding the U.S. U.S.-listed shares were not active premarket, but have fallen 14.7% in the last 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +2.28% has gained 2.0%.

/zigman2/quotes/209645734/delayed
CA : Canada: Toronto
$ 0.29
+0.03 +9.43%
Volume: 698,124
April 2, 2020 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$93.95 million
Rev. per Employee
N/A
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/zigman2/quotes/203819708/delayed
US : U.S.: OTC
$ 0.21
+0.02 +12.97%
Volume: 385,904
April 2, 2020 3:54p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$65.59 million
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
2,526.90
+56.40 +2.28%
Volume: 3.87B
April 2, 2020 5:11p
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