RE:RE:RE:RE:RE:RE:Why make the announcement 28 minutes before close?Absolutely
after the last raise - Method asked me what fire was worth (pre 18.3mil q)
I said 45-50 at least - and he said they needed to raise just to give them a chance to get there. We got there a week later.
Sundial raised 175 mil at a buck a few weeks ago - its sitting at 2 dollars today. 1.5bil+ o/s shares.
It continues to increase our market cap, increase our position in ETF's and gives Beena the capital to pursue those growth initiatives.
It seems that institutions are using the Canadian Lp's as the investment vehicle and pouring billions of dollars into the sector. Everyone is screaming for MSO's but Canadian Lp's are getting the investment and share price rise. They usually say .... follow the money.
Despite canopys terrible performance, they continued to justify a significant premium valuation b/c of thier cash position - and that the big institutions picked them as their vehicle for cannabis investment in the canadian LP space.
Supreme is getting that significant backing. It won't be a co-incidence that we see .70+ in the next 2 weeks.
Based
WealthBuilder99 wrote: One other thought to consider. To date, it's been the companies with the strongest balance sheets and largest cash balances on hand that have commanded the greatest premiums in the market, for example Canopy & Cronos. It's a growth industry and investors/institutions want to see companies in a great position to grow. Perhaps this is partly what has inspired the last two capital raises. Supreme has a strong board of directors and management, I trust they have a plan. We will find out shortly.
Cheers.
johnale wrote:
Last deal we quickly went from 17.5 to .60 5 days after Barclays exited their position at .17 after stripping the warrent.
it seems there is a lot of institutional interest - wanting to cash up supreme. sitting on 65mil + cash. No longer in a net debt position, but surplus.
Balance sheet looks pretty sweet.
reddit users didn't take us to 60 last time, it was the powers that be. They just hoped along for the ride.
This is the next leg up. First one was so successful they decide to do it again. Easy double for BMO and crew on that 23mil.