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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 by User

Post by SamRothsteinon Apr 09, 2021 9:08am
184 Views
Post# 32965504

lawsuit and deal going through

lawsuit and deal going throughI have owned dozens of stocks where a lawsuit like this was filed.  They pretty much never amount to anything.  Those lawyers just try to rope in disgruntled investors.  99% of the time these lawsuits either go away or they settle for trifling amount because it is cheaper to settle with them than to go to court.   As for deal falling through, highly unlikely this doesn't go through.  Market agrees hence the share price being so close to deal price. Compare that to the Shaw Rogers deal where the Shaw price is over 15% away from the deal price.    Change of a higher bidder coming in are also fairly low as this is a friendly merger, it certainly looks like they have the votes for current deal, and I don't think at this point the sector is going to see that kind of willingness to chase assets and pay top dollar.   Of the 3 scenarios, higher bidder coming in is most likely, but it is still fairly low chance.  
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