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Bullboard - Stock Discussion Forum 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 Discussion

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Post by Pedal2themetal7 on Jun 05, 2019 4:03pm

Buy Back

I was reviewing the share structure, and financials of the company, unless I'm missing something, there is no reason why this company cannot have a buy back program, which would reduce the outstanding shares, making it more difficult for the short traders, and a lot more attractive to the retail investors.

The RS is a turn off for retails investors, the company claims to be one of the top producers in the country, and should be able to reach the 35 to 50 million per quarter mark in 2020, which to me would support the buy back program. Strong companies, with good balance sheets utilize this method, why not attract shareholders with a proven method, instead of keeping them away with RS.  IMO

I like almost everything about this company, but the RS make me keep my distance. The number of outstanding shares is too easy for the shorts at the moment IMO.
Comment by MaxTMaxT on Jun 05, 2019 4:18pm
the RS is just a strategic option that they could use when moving to the NYSE
Comment by Toorealistic3 on Jun 05, 2019 5:25pm
this is a lie. It was stated in the management circular that the RS would be used for more financing in the future. It took them 3 bought deals just to complete one site, which we still haven't heard of its completion. With tens of millions of warrants due this year and also another close to 50 mill shares added after the conversion of this bought deal they will be near half a billion in ...more  
Comment by theTransporter on Jun 05, 2019 7:39pm
prove it. Show us this manamgwmnt circular that states the RS will be used for financing opportunities.  You wont even respond to this as this circular doesn’t exist which you already know. Now who is the one full of lies? you have ZERO credibility. 
Comment by Toorealistic3 on Jun 05, 2019 9:02pm
the fact that you haven't read the Notice of annual Meeting of shareholders proves that you're an absolute m0r0n. I have it saved let me copy and paste the excerpt: Share Consolidation Basis of Consolidation The Board is of the opinion that, in the future, it may be in the best interests of the Company to consolidate the Common Shares, and such a consolidation may enhance their ...more  
Comment by brentkosta on Jun 06, 2019 10:57am
This post has been removed in accordance with Community Policy
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