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.

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TSX:FIRE - Post Discussion

Supreme Cannabis Company Inc. (The) > ATM

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Post by Nearnorth1234 on Jan 08, 2021 4:10pm

ATM

Isn't there a limited number of shares they can sell??

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Comment by theTransporter on Jan 08, 2021 4:42pm

It's actually a limited amount of $$ they can sell. In Supreme's case it's $9.75M worth of shares. Which is why when they keep it open at near 52wk lows it just increases significanly the amount of unecessary dilusion. I'm hard on this because if they truly do not need the cash, close it! It's doing so much damage! Selling $2 million worth of ...more

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Comment by Method on Jan 08, 2021 5:51pm

I assume the bank has asked them to keep the ATM open.

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Comment by Pedal2themetal7 on Jan 08, 2021 6:25pm

Fully agree, the ATM is confusing to most, and with no explanation or justification by the company, I believe it keeps many at bay until they shed some light as to the reason why. Investing is a calculated gamble, and so far the level of uncertainty and what I believe to be the limited information with certain aspect of their operation is making investors doubtful. Obviously ...more

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Supreme Cannabis Company Inc. (The)