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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 26, 2021 3:29pm
386 Views
Post# 32390012

Supreme covenants intact - likely hit 2mil+ ebita

Supreme covenants intact - likely hit 2mil+ ebitaAs at January 22, 2021, approximately $62,914,000 of principal balance was outstanding under the Credit Facility. Obligations under the Credit Facility are secured by a first priority charge over the present and after-acquired property of Supreme and its material subsidiaries. Supreme is in compliance in all material respects with the terms and conditions of the Credit Facility and no breach thereunder has been waived by the affiliated lenders under such agreements since their execution. Except as disclosed in this Prospectus Supplement or the documents incorporated by reference herein, there has been no material change in the financial position of the Company since the execution of the Credit Agreement. The decision to offer the Units hereunder was made independently of the affiliated lenders and such lenders had no influence as to the determination of the terms of the Offering. The terms and conditions of the Offering were established through negotiations between the Company and the Lead Underwriter, on behalf of the Underwriters, without involvement of the affiliate lenders. The Underwriters will derive no direct benefit from the Offering other than their respective share of the Underwriters' Fee and the Broker Warrants. The proceeds of the Offering may be used to repay amounts owing under the Credit Facility, if the Company determines it is beneficial to do so.
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