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) > 1,321,670 MOC SELL order
View:
Post by theTransporter on Nov 13, 2020 4:06pm

1,321,670 MOC SELL order

1,321,670 shares were literally DUMPED at the close of the market into the bids.

There obviously was an ice berg buy order that absorbed all that volume at $0.135 as the bid size at that level before close was only 433,000.

This stock is just being brutally destroyed.

Now you guys will respond "but but Q1!!"...  I don't think Q1 is going to fix this issue.  This issue is deeply engrained in the way this trades and nobody wants to touch this unless they can produce at minimum $20M+ revenue for the quarter then MAYBE there will be enough buyers to overcome the sellers.  Realsitically they need a 20M+ share volume day on Tuesday, and once that volume is gone after a few days, this will be pounded back down.

Then come January another 110 million FREE shares wll become freely traded.
Comment by vulcan123456789 on Nov 13, 2020 4:20pm
supreme thanks you for your support trans
Comment by theTransporter on Nov 13, 2020 4:42pm
Vulcan - Tell me anythingn incarruate about my observation? Now of course it is my opinion of what may or may not happen after Q1 is released, and the amount of volume required to move this, or the effect that the additioanl 110 million shares becoming free tradable wll have on the stock, as nobody knows.  However, it is based on what has been observed and the issues we are experiencing here ...more  
Comment by vulcan123456789 on Nov 13, 2020 5:55pm
think john already corrected you... all I'm saying if your invested you would think you would be more pos even in dif times.. you often dont help your own cause
Comment by bever64 on Nov 13, 2020 4:28pm
Relax Trans....this thing will close at .15 on monday and then hit .20 tuesday.....i personally guarentee it!
Comment by nearnorth101 on Nov 13, 2020 4:45pm
well Transporter I'm glad I sold 25% of my FIre shares a few weeks ago and bought APHA at $6.26, depending on what happens next week I may be kicking myself for not selling 100% of my FIRE shares and moving it to all to APHA. It's a shame as Supreme is a good company with great products. When you look at the financials for the last 6 quarters they have came in 5 out of 6 quarters below the ...more  
Comment by johnale on Nov 13, 2020 5:17pm
110?  The release is jan 9 and it's 58mil shares -  of which according to fillings MMCap owns 45mil of those shares.  Only 13 million of those shares will hit the market.  I own some of those 13mil shares - and I'm probably not selling - so maybe less so will actually be sold.  But with the current volume - 2 days could eat that.  I wouldn't be ...more  
Comment by vulcan123456789 on Nov 13, 2020 5:51pm
well said john good to clear that up.. 13mil is nothing in the scope of things and couple doz longs can clear that up.. and by then this glut will have settled down by then
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