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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

Post by johnaleon Jan 22, 2021 5:14pm
250 Views
Post# 32362380

Volume - possible MM position

Volume - possible MM positionExactly 3 weeks into Jan we are at 138.067mil in total volume

Nov 11 to 30th - 67.5mil total volume - MM sold 12.648mil shares - 18.7% Volume

December 4 to 31st - 104.155 total volume - MM sold 23.509mil shares - 22.57% of Volume 

If MM sold every day in JAN ~20% of volume they may have been able to liquidate another 27.6mil shares. 
Leaving about ~ 26.5mil shares NET. 

Conceivable that earnings Feb 10-14 may bring large volume - and MM can be completely liquidated out within the next 3-4 weeks. Especially with good earninings on the horizon. 

I believe this is the last impediment - to the face ripping rally transporter and all of us are looking for.  Its interesting to note - that despite MM liquidation - we have been going "UP" still.  

My only guess as to "why" is that they have largely exited their canadian cannabis plays, except for their convertible debentures - which they keep. 
Plus - they had too large a position in the company overall. From a risk perspective -  I get that. 

Well see early february their position - and what happens from there with earnings. 










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