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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 StayInvestedon Sep 24, 2020 11:47am
179 Views
Post# 31611531

RE:Sedar

RE:SedarIt is basically laying out the covenants and terms to the new credit facility consolidations. Stating that certain requirements must be maintained.

Essentially if Supreme fails to have positive EBITDA the amended agreements will be subject to Pricing Level 5. Glancing through it, it would appear as though the lenders and Supreme themselves are expecting vastly improving EBITDA throughout 2021, as it becomes stricter (higher EBITDA values needed to satisfy the lenders). It also appears to talk about restricted cash to service said debt and that in 2021 the company will have to start paying back facility B at a rate of about 1.5mil/Q. 

All in all it seems like pretty standard stuff, with performance metrics applied to hold the company accountable for the flexibility they have been offered by the restructure of the debt. 
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