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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) > Shorts Squeeze. Auxly From .12 To 24. Is this what The Short
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Post by RReis09 on Oct 18, 2020 9:51am

Shorts Squeeze. Auxly From .12 To 24. Is this what The Short

Are Worried about or Is it The Multinational JV oppurtunities for Canadian LPs . Diageo ,Altria? Is it the Merger Deals With U.S MSO that will become Binding After U.S Fed Leagalization. The Whole Sector Is Going Shoot up!! It's the only Sector Growing And As More Countries Come Online As more States Come Online! ...The Shorts Will Panic! Margin Calls! Elections!
Comment by theTransporter on Oct 18, 2020 11:22am
You do realize that while the ATM is still open, there will be no short squeeze.  Beena needs to throw out an NR outbid the blue one day announcing the ATM is closed. That is what will cause shorts to panic as they will only be able to cover through the open market. 
Comment by vulcan123456789 on Oct 18, 2020 11:24am
email ir with your suggestions
Comment by RReis09 on Oct 18, 2020 12:28pm
I will call him next week. He is much better than the previous gal at IR. I do believe he has been around the Cannabis Sector for Years....Odd thing. Before I got off the.phone with him last time Few weeks ago, He said "When BeenA makes A Deal their will be A Deal! Not like the Last Ceo" I found that odd..i had only spoke to him about skus and Branding prior to that; And that is what he ...more  
Comment by vulcan123456789 on Oct 18, 2020 12:50pm
good info bud thanks for sharring
Comment by johnale on Oct 18, 2020 2:08pm
Transporter - why do you think the ATM has any affect? Last 2 months I believe they sold "0" shares.  they also only really sold some above .30 in prior months.  The shares are sold at supremes discretion - there could easily be a squeeze.  I don't want to cry foul of manipulation - but it's pretty obvious that hedge funds and shorts are completely managing ...more  
Comment by RReis09 on Oct 18, 2020 3:03pm
Under 10 Million shares Issued by Supreme on April 22 2020 for ATM. It expires 18 months on April 22 ,2020. As per Filing. They can not Add to ATM until April,2022 and their Is no Rule they have to sell. It was 9.7 Million ....a safety catch if you will; And press release was released with it April 22 2020 as well ; it is in prospectus. Their is your Dillution. No more no less and A wise CEO would ...more  
Comment by Method on Oct 18, 2020 5:12pm
I don't think there are a lot of fundamental shorts around. Perhaps just around the converts since they trade at conversion value.  This is a small cap stock with a tiny float cap. It doesn't take a lot to get it moving but it's hard to find buyers of small cap stocks in general these days unless there is a great story. FIRE might get that great story if it can slide into ...more  
Comment by OptGreen on Oct 18, 2020 5:40pm
There does appear to be a few that are headed for some rough water joh but the sector is barely getting started, maybe some mergers and buyouts and plenty more right sizing...FIRE is in a much different position than the rest with debt cleaned up to a large degree and we have yet to see a quarterly with sales at 20% of full production, FQ1/21 will be the first with the potential to give some ...more  
Comment by vulcan123456789 on Oct 18, 2020 6:21pm
agree opt.... I have some hiway new pre rolls coming for next week. a couple more new skus for this quarter price is great.. see how they are... and report. next week some time..just figure each new sku.. going into how many stores that's a nice bump in sales.. and in just keeps coming.. all while more stores opening up... cheers
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