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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) > fund growth and strategic opprotunities
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Post by vulcan123456789 on Jan 25, 2021 4:49pm

fund growth and strategic opprotunities

sounds like there may be plans for exspansion or partnership.. perhaps its to do with u.s. exspansion will see
Comment by johnale on Jan 25, 2021 5:06pm
In an overnight offering, a company with an effective shelf registration statement sells its securities overnight after the market has closed for the day with the plan to publicly announce the completed offering and file a supplement with the SEC, describing the overnight offering, early the next day.  Why would a company restrict its offering to one night?  Doing an overnight ...more  
Comment by maritimedreamer on Jan 25, 2021 5:12pm
Johnale what are your thoughts on this?
Comment by johnale on Jan 25, 2021 5:12pm
I hate the dilution. Just a gut punch on the equity side.  I doubt this is tied to an acquisition. Maybe a joint partnership foray into USA - or just getting funded to make that move.  I have no doubt q2 will be good - maybe raising ahead of solid earnings so this doesn't drag us afterwards.  but would have been nice to hit good earnings, then raise at a higher share ...more  
Comment by theTransporter on Jan 25, 2021 5:25pm
There is.  Incompetence. They could: Wait until Q2 is released, if positive, bring the SP up to a higher level Wait until MMCap completes their death grip hold on the SP through their relentless selling of equity Close the ATM All of the above to squeeze the shorts and really accelerate a SP If after all the above is done, and you truly need $$, then do a raise which would ...more  
Comment by HopefulJuan on Jan 25, 2021 5:25pm
3 more years capped @ ,23. 
Comment by OptGreen on Jan 25, 2021 6:16pm
Sounds like a private placement that is sold out before it is announce joh, and not having it impact trading is the way to go...not too mention a good sign of the stength of the company. There should be some serious action and growth around the corner as this will close by Friday and it looks like ~105mil shares at $.19...one would think they are moving existing shares, not adding to the ...more  
Comment by HopefulJuan on Jan 25, 2021 5:32pm
Too funny. US expansion coming right up! Bye, bye, bye
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