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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

Supreme Cannabis Company Inc. (The) > need a discussion here
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Post by maritimedreamer on Mar 26, 2020 8:54am

need a discussion here

what are people's thoughts on the reason for this short form filing? (appreciated the conversating yesterday).... but am first to say not as knowledgable.
Comment by Method on Mar 26, 2020 10:31am
  They need to refinance the convertible debt by July 2021 otherwise they lose the bank line too.  Does that make ensue?  
Comment by johnale on Mar 26, 2020 11:12am
I think having the prospectus gives them some negotiating power to refinance and extend term or - some funds to buy below par convertibles.  with free cash flow able to cover the rest/maybe even some of their credit facility.  buy the convertibles for 4x your money. (Interest plus capital gain from 25 bucks) betting the debenture will be paid in cash at maturity. protect against ...more  
Comment by OptGreen on Mar 26, 2020 12:49pm
The "or" joh, March is basically the first month that guidance estimated the production and sales to start gaining traction with most all of the shift to CPG in place and H&F on the ground managing shelf location and pricing. With the facilities completed and full production can be achieved for the first time in the company's history....the full product menu is coming on line ...more  
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