FIRE Stock Soars 5%: The Supreme Cannabis Reports Solid Q4 Earnings

FIRE stock

FIRE stock is flying on Wednesday after The Supreme Cannabis Company (TSX:FIRE) (OTCQX:SPRWF) reported positive adjusted EBITDA in the fourth quarter.

Revenue Soars 90% QoQ

There have been numerous troubles in the cannabis sector over the course of the past few months, and some companies have recorded disappointing results over recent weeks. However, the same cannot be said about The Supreme Cannabis Company Inc, which delivered impressive results in its fourth quarter and the full-year results. In the fourth quarter, the company generated revenues of $19 million, which reflects a sequential rise of a handsome 90%. ...

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