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Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.


TSX:FIRE - Post by User

Comment by Fastlane2on Jan 03, 2020 3:56pm
150 Views
Post# 30516482

RE:Volume.....

RE:Volume.....I'm going to throw a curve ball here as I believe the market is disconnected from reality......no surprise right?  Supreme has a market cap of 226 million with $36 million of cash at the end of September and $100 million of convertible debt due in 2021. The convertible notes are deeply out of the money in others words it's a wash. Post Q1, Supreme announced a $90 million senior secured credit facility with a group of lenders led by BMO and the terms include a $70 million term loan and a $20 million revolver. This financing will alleviate any near-term liquidity concern and positions Supreme as one of the better-capitalized cannabis companies in Canada; are we good all clear? We have had many high volume days with zero movement therefore I conclude, what happens if Supreme gets a stink buyout bid? Let's say $0.75 per share, Supreme insiders hold less than 1% of the stock with no poison pill to negate a possible threat, interesting times!
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