Supreme Cannabis Company Inc. (The) T.FIRE

Vote

[Freelancer7777]

Does anyone know the odds of the vote who owns the majority of the shares ? Any input would be appreciated

[G1945V]

According to Simply Wall St  Private companies: 0.04% Individual Insiders 0.02% Institutions 4.1% General public 95.6% G1945V

[G1945V]

For what its worth: If this arrangement is approved by the shareholders, the best senario for FIRE shareholders is for FIRE SPP to decline as much as possible between now and June 30, 2021 and for WEED, SPP to escalite as much as possible. My thought about FIRE SPP to decline between now and June 30, 2021 is that it gives time for FIRE shareholders to buy more shares within that time span and to

[BigHero]

More importantly it's Canopy's share price! And it works for the Supreme holders only if that  share price is at a minimum of what it closed at on the closing price the evening before the deal was announced. If Canopy price drops as it's been doing there is less of an upside for Supreme holders unless the Supreme price drops and you continue to buy. Most longs were holding Supreme

[G1945V]

As I understand it, the exchange ratio has been set already. So the higher  WEED gets at the closing of this transaction benefits FIRE shareholders does it not? You can always trade/sell WEED shares thereafter depending on one's long/short term investment position.    "....Supreme Cannabis shareholders

[Dreamthat]

The deal is $.44 + .0001 per share! So the lower Canopy is the more shares we'll get of Canopy.

[vulcan123456789]

i believr your wrong there its all based on closing price thst day ..canopy share price and ours. then we get the factor our shares are worth. doesnt matter how low canopy goes... if they rise above 37.74 we get same shares but more value. jmho cheers

[Dreamthat]

The $.44 + .0001 is the deal. The multiplier will change in accordance with the Canopy share price. I hope Canopy down trend continues until we get this deal finalized if it gets voted in.

[makeitrain]

how will the canopy downtrend benefit us?  

[makeitrain]

does it matter what the price of canopy is?  for every 1 FIRE share you will recieve 0.01165872 WEED share.  doesnt matter what their price is.  however if there price goes way up, we will make alot more cash on the deal.

[G1945V]

"The $.44 + .0001 is the deal."  Correct. This is already backed into the "Exchange Ratio", meaning Supreme Cannabis shareholders will receive 0.01165872 of a Canopy common share. G1945V

[Dreamthat]

If my math is correct and say canopy goes down to $25.00 the multiplier would be .0176 + .0001 per share equals your $.44 + .0001 for Supreme Cannabis shares in this deal. I'm holding and waiting until deal done. "Voting No Deal"

[thehonesttruth]

Hio Dream, Agreed; hence all Supreme shareholders should be buying shares at a discount right now. Almost a 15% return from Sp today until June vote for Supreme shareholders! GLTA THT

[541house]

thehonesttruth what if the deal deal falls apart between now and june? You then have left money on the table , better to take profits now and buy back before june. aircanada and air transit just cancelled their deal

[aurorahigh]

I would hope deal doesn’t get cancelled.  I may not of been with the company’s as long as many here however rhks will give more exposure to supreme products with the backing of a good company.   Supreme share structure at best woild of initiated a r/s at some point with or without nasdaq approval.   It would of been a tougher road to achieve $1 + sp organically. There has been a

[VK400S]

Wrong! Multiplier is fixed and you get exactly the same number of weed shares no matter what the price will be of either one. FIRE = WEED, period.

[Dreamthat]

You will find that this number within parenthesis (.01165872) will be subject to change. If Canopy price is lower the more percentage of share of Canopy we'll get and if Canopy price is higher then we'll get less shares of that closing price on April 7th of $37.74.

[George141]

...are you saying it's time to ship the "basher al bag daddys"...over to Canopy...they are way tough  smart over thee to fall for their bag of tricks. this sale to Canopy ie somewhat dissapointing even for many months I thoufght  Supreme would be bought out and it would be a benefit to uis share holders...We have been the hamsters on the thread wheel for a long time...long

[vulcan123456789]

dream from what i understand what your saying is totally wrong..everything was set on the day... to achieve the conversion number.. that remains constant.. at the time it was valuing fire at .44 if the price of weed goes down the true value of our shares is down.. we only gain more if canopy goes up.. if we end up 50 percent higher on weed in june we are actually getting .66 for fire shares. the

[Dreamthat]

There won't be $.66 the deal was for $.44. When the day of exchange comes then the multiplier will be based upon the Canopy share price which will give us $0.44 that day. I guess we'll just wait until we get the paperwork. Right now the price of Canopy we've already took a 10% haircut. That doesn't work for me or I do not think The Supreme Cannabis company would've agreed to

[Craiger02]

I think it might be best for someone to contact IR regarding this. This way we can be sure of how it works so we can stop how everyone portrays the conversion pricing. I dont think anyone here is positive either way. From what I understand the share conversion is fixed on the Supreme side but the value we receive will fluctuate based on the price of Canopy. I could very well be wrong though. I don

[G1945V]

If you start from the transaction value of $435 Mil on a fully diluted basis it works out this way.  There are approx 990Mil shares fully diluted.  990 Mil X .01165872 = ~11,542,132,000 (exchnage ratio) Canopy Shares  11,542,132 @ set price based on April 7 close is $37.74 11,542,132 X $37.74 = ~$435 Mil And if we take 990,000,000 shares of FIRE closing price of April 7

[Saskisnow]

OR, just look at the aquisition of Phivida by Choom, the ratio they announced did not change when the deal finally concluded. You can't change the ratio once the deal is announced. That would make the terms of all deals irrelevant.