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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

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Post by Freelancer7777 on Apr 08, 2021 11:22am

Canopy Trolls

Don't sell canopy trolls all over this board trying to get you to sell at .39 cents
Comment by Aurum1983 on Apr 08, 2021 11:28am
$435Million with 734M shares out fully diluted is $.60 per share. Don't sell at .39 unless you are an idiot...
Comment by Hedgetrimmer on Apr 08, 2021 11:45am
In all my years I've never been part of  something like this I. Close a few times. I'll ask what others are thinking too...if I don't sell now I'll get 60 cents / share when deal closes, as it stands now? How many times are deals consummated on just one offer? Usually hear of a rejection or two before dust settles. I was thinking of Great Canadian Gaming shareholders holding ...more  
Comment by ridingrockets on Apr 08, 2021 11:45am
Or have other considerations at play. Me when I played hockey I was a goalie so there is that... lol. But agreed, the price at the moment is well off the value of the deal. Good luck to everyone sorry this is happening like this. So thought we avoided this and we were going to become one of the big fish so to speak....
Comment by Dreamthat on Apr 08, 2021 11:51am
The Supreme shareholders must approve, plus the court approval of deal! It's my belief that we'll see a better offer with having such a premium brand.
Comment by 541house on Apr 08, 2021 11:53am
Aurum I'm a idiot then, you assume this will go straight up but I dont! Also dont assume this deal won't fall apart either jmo
Comment by Bigginvestor on Apr 08, 2021 11:55am
once word gets out this will go higher I'm holding
Comment by Hedgetrimmer on Apr 08, 2021 12:14pm
  Seems so, right now. This offer already has share worth .60. But if offer should go higher and canopy drops further then are we right back to this point, having same discussion?  Is there a possibility the BOD pulled the rug out from under Beena? Anyway to find out how that vote went re sale of company?
Comment by Aurum1983 on Apr 08, 2021 12:29pm
The vote is happening in Jun 2021. 2/3 majority to approve. They probably have enough already but this is looking more and more like the two bought deals were to make sure enough shares fall into the right hands. What I am thinking now is $435M is still a very low amount to buy Supreme. Does no one else want to step in? I wouldn't be suprised we a better takeover deal from another big player ...more  
Comment by ridingrockets on Apr 08, 2021 12:49pm
That would make sense to me. And if they weren't certain that would be the case they had also set up the At The Market offering available to them as well to bust out more shares.... I wonder if all the people on the board are actually on board with this. Let's hope Tilray Sundial or Cronos steps up. Doubt Hexo due to Namaste but you never know.
Comment by maritimedreamer on Apr 08, 2021 12:51pm
Doubtful other offers will come in....seems like this has been a done deal for a while now. Wished they held off for another few q's....surprised honestly....and still pissed bc now I'm going to be a CgC holder... been a while when I bought at 2 and sole at 16...then constellation came (doh). Anyways...
Comment by Aurum1983 on Apr 08, 2021 12:54pm
don't be so sure Maritime. There's an ongoing investigation now. This is not right. They want us they have to pay properly money. 
Comment by Dreamthat on Apr 08, 2021 12:01pm
I look at High Tide and I do believe that Supreme is a much better company than HighTide. Close to the same share structure.
Comment by AOGEE on Apr 08, 2021 1:46pm
House so based on this comment have you sold all your shares and totally out of Fire now? 
Comment by 541house on Apr 08, 2021 8:19pm
Aogee hope you are well, long day on site so sorry not to respond! I sold 80k shares at 1030am from site today! It was bitter sweet day!
Comment by AOGEE on Apr 08, 2021 8:35pm
House Understand completely. You have to build when the sun shines. I sold half today also and will wait and see what happens. My gut tells me to get out with this profit so i will see what transpires tomorrow.  I had dreams of getting my dream lake boat and putting an addition on the cottage but it will have to wait a bit now. Oh well such is life. Stay healthy and saty safe. Cheers
Comment by 541house on Apr 08, 2021 9:08pm
Aogee I thought about holding a bit but not worth it to me , buy a little SUGR, it will double from here easily IMO. I have 1million shares still(sold 1.2million on the last run). Unfortunately the SUGR board is not as much fun as the FIRE board lol.
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