Supreme Cannabis Company Inc. (The) T.FIRE

I'm glad they raised that $100M when they did

[theTransporter]

$100M debenture raise was at $2.45 per share which was a premium over what it was trading at.

You also have to understand there is $100M invested here by accredited investors and a great number of them with deep pockets to pour into this $100M financing.  

These guys have way more experience with investments and are smarter with their money than a majority of the morons who are self proclaimed experts spending their life on these boards trying to "save you" from losing your money out of the goodness fo their heart.

These accredited investors who bought in at $2.45 are not idiots.  They know exactly where this company is going and how much it will be worth.  They are investing long term not to make pennies, but to make substantial returns.

[meowmeowmeow]

Allow me to showcase the fallacy of that logic. Delta 9; case and point, raised $23m last December from Canaccord Genuity at $2.70 only to flatline and drop 50%, it hasn't been in the $2's since March (excluding this last run up). After almost a year, Cannacord has yet to BREAKEVEN.   They raised another $16m from Auxly at $2.75 2 months ago, it tanked to $1.75 now.  

[OrigamiNoodle]

This. Who cares where this stock is going in the short term unless you all have your life savings held up in FIRE. The longevity of this company is what matters. If you think the buying and selling of marijuana is some sort of hype thing that will be gone in a couple years then you need to reavaluate your sanity. Don't play with FIRE if you can't take the heat. 

[Realist610]

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[OrigamiNoodle]

Personally, yes I would. The entire legal Marijuana market is still in its infancy. 

[Realist610]

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[Gilbert90]

@ Realist610 : ...why is supreme behind literally all of its competitors?...  Might be the niche market**  of FIRE which is an higer quality product so higher sale price so less market share.  Also, the medium size compagnies (100-500$$ Millions Capsize) are having more difficulties to get investors confidences.  Has we all know, most of the cannabis compagnies won't be