Supreme Cannabis Company Inc. (The) T.FIRE

Q1 MD & A : Page 8, paragraph 4

[theTransporter]

Which states:

With the completion of construction projects at the Company’s Langley and Kincardine sites, capital expenditure for the remainder of fiscal 2021 is expected to be minimal and focused on productivity enhancements justified by near-term cash flow returns.

So if this isn't for capital expenditure, then what is this for??

[johnale]

The net proceeds from the Offering will be used to fund growth initiatives, as a reserve for strategic opportunities, and for working capital and general corporate purposes. what growth initiatives require 20mil?  strategic opportunities?  what deal making is happening here. It's anyone's guess.   

[theTransporter]

That's just a boiler plate statement, followed by "working capital".. which we hope surely isn't the case.

[tongyboi]

lol, is this board transporter vs optgreen...

[maritimedreamer]

This just stinks and makes no sense....they better be coming out with more information or we are screwed....well equity holders.....whenever I have a slight confidence In This company they come out and shatter it....the t8ming, the dilution, the amount of $$, and the perception of all this is just ridiculous.....

[VK400S]

You are correct, no new investors, in their right mind, would look at this company after taking all facts and numbers into consideration. It's almost like the management is doing this on purpose. I really hope it's not the case but they surely make it look like it.