Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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) > Method - Lets compare notes
View:
Post by puppymonkeybaby on Sep 14, 2020 8:53am

Method - Lets compare notes

I wish I could take a pic to show you. I dont know how. 

Looks like my election went through and (I think) I have half my shares free trading. Too bad I didnt get these free trading shares friday. Looks like RBC's flaky platform got me again! 
 

SInce you have RBC, you will probably see what I see on your holdings page. 
 

From top to bottom:


1.) S08333 Comon shares, Rst 4 month hold - Shows $0 value. 

2.) FIRE - Appears to be free trading shares. Shows -71% value w/ avg cost of 0.4936

3.) Supreme Accretion Debenture - Shows $0 value. 

4.) FIRE.DB - Debentures with $0 gain/loss. 

What does the number of accretion units represent under #3 and how do they differ from FIRE.DB units under #4? 

Thanks

Comment by Method on Sep 14, 2020 10:30am
The cost basis that RBC has determined seem wrong so I would just ignore.  1. The restricted shares show zero value because it's a placeholder security set up by RBC and they haven't bothered to assign a price. But they will be freely traded common in 4 months 2. The common cost base appears to be the entire cost base of the debentures held before the corporate action. 3. The ...more  
Comment by puppymonkeybaby on Sep 15, 2020 11:12am
Sorry, so what does the units of this accretion represent?  The FIRE.DB debentrues are all that is left to purchase, correct? I thought I seen somewhere that new debentures would not be on any public market. 
Comment by Method on Sep 15, 2020 11:37am
You should probably read the press release and the SEDAR filing with the indenture amendments again to understand what you own.  The accretion debentures are like a zero coupon bond in that they don't pay any cash interest. They compound based on the amount of remaining FIRE.DB owned. They don't trade though and will start getting paid back monthly in September 2023 at a rate of ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities