Supreme Cannabis Company Inc. (The) T.FIRE

66% premium

[SamRothstein]

I know for some of the longs that are still underwater this 66% premium might not seem great, but reality is when a company is bought the acquirer pays for current numbers not potential numbers, or what previous share price was. Based on current share prices this deal is a 66% premium. If this is too low of a premium then another player will probably step in and make higher offer now that FIRE is in play.  My guess is there won't be another higher offer.  But WEED is undervalued at current price and probably has better chance of climbing higher, and with a much higher margin of safety.   So your return going forward, especially  adjusted for risk, is probably going to be better with WEED.

[VK400S]

This guy f**ks !

[ridingrockets]

Thanks VK400S for the previous comment regarding AM posting...      This guy imo is smart but I doubt he smokes weed or has much personal experience with the products if he does. He seems to think a large company with greater 'potential' is less risky than one that has been scaled down to operate within its means and can increase its growing amounts as organic growth

[SamRothstein]

Ridingrockets, I would readily agree that you and probably most people know a lot more about the merits of the respective MJ products than I do.  I am not well versed in this area.  In fact, I couldn't tell you what any of their respective brands are.  But I do know that WEED is going to be in positve EPS situation soon, and they have huge cash balance, decent and growing market

[Buggered123]

Sam you dont know what went on here the last cpl of months, so dont comment! you sound like an idiot, especially to shareholders here. This thing was trading 10's of millions a day and whenever it would climb out of control of the hedge funds Beeena would step in with another bought deal. This stock would and should have been over a buck, but was purposely nailed down by all these scum bags

[541house]

sam sam sam , there was no more risk with fire ,the hard work was done, also what makes you think Beena hasnnt appoached other companies about a merger or purchase? If she is smart ,she has.

[vulcan123456789]

house hey bud well said one thing this taught me was dont hold loyalty to any company.. in the end shareholders mean nothing its about what they can get in the quickest time frame. beena has turned my heart to stone.. i will trade half my position now for pur pennies and profit.. i dont care if by end of june i have x amount fire x amount weed x amount cash i ended up green as of the 7th but i

[541house]

Vulcan I agree , cant fall in love with a stock, this whole thing played out like a pyramid scheme imo!

[SamRothstein]

You don't think there is any more risk owning FIRE stock than WEED?  I guess we have different definitiions of risk.  I'm going by the standard definition of risk when analyzing a stock eg. market cap, exhanges traded on, debt, cash, revenue etc. The fact that you can't margin FIRE stock, but you can margin WEED stock is a fairly clearly indicator of the respective risk

[541house]

Sam there was no risk holding fire at .265 cents before this deal! Id never hold a $35 POT STOCK as I am a small trader and dont risk large amounts cash on crappy weed stocks

[SamRothstein]

You think there is no risk holding the common shares of a penny stock that is not cash flow positive?  Again, I think we have different definitions of risk, and that is ok, I am not trying to change your personal definition of the word.  However, if you were to ask 100 market professionals whether there is any risk holding such a stock I would be willing to venture that all 100 would say

[GustheGreek]

541, don't sell your shares yet. Unless you really really need the money to invest on a "sure thing". If you sell, it'll be at a discount at thus price, and Canopy is low right now, and could easily double with any one of a number of catalysts on the horizon.

[541house]

gus im out for now but will buy back in if it drops back into the 20s, didnt need the money but thats how I play stocks. Id rather hit 4 singles than hit a homerun :)

[ridingrockets]

Company A: On the verge of turning a sustainable profit while continuing to expand their market presence while operating at less than 50% capacity. Company B: Dreams of turing a positive EBITDA in the next year or two.     Without knowing anything else, nothing else, company A is the one I would be interested in investing with. Why you don't ask. Simple, they are about to make

[SamRothstein]

You don't need to be happy wirh deal.  No one is asking you or anyone else to be happy with it.  Deal is going through because they have the votes it's that simple.  If you or others want to spend your time railing about Beena or how takeovers work that is AOK.  I have seen this same or similar scenario played out hundreds of times with other stocks so I'm not as

[ridingrockets]

Sam I am confused now. Is it ok for me and others to express our thoughts/concerns/questions/opinions on this board or not? VKS essentially mentioned this deal was dirty and regardless it is going through (Me I agree that retail investors alone don't have the capacity to stop it) you as well acknowledged such and then go on to complain about the rest of us b1tching about it. The thing is most

[SamRothstein]

Yes, once again, it is AOK for you or anyone else to spend all the time you want complaining about this deal and wishing that it was better.   I never said I am ok with dirty tactics, however I prefer to to focus on things that are within my control instead of complaining about how things should be.  There have been no laws broken here and nothing will come of any lawsuits as this

[LiLy2021]

I read Samrothstein's comment(s) and was going to say something, but my dear friend Buggered123 had read my mind and put my thoughts into words in such a brilliant way.  Beena, that wicked woman, how could she have lied through her teeth without any shame that the bought deals with all the cash raised were there to grow the company, blah blah blah, and all that dividends she hoped to

[vulcan123456789]

lily well said cheers tge exchange.. shareholders and courts need to approve you would think they would look at the manipulation its far from a done deal yet

[541house]

If I was Lily I would stay in and let it convert to tweed even though she has a hated past with them,thats just me!

[SamRothstein]

There is nothing about this deal that any court is going to find issue with.  This is all very standard stuff.   I don't want to get into debate ethics or "fat cats getting rich on back of little guy" here as there is no point.   I'm just saying that if you look at corporate takeovers there is nothing out of the ordinary here, and I don't think any

[SamRothstein]

Lily2021, I'm not saying you should be grateful, or that this is some act of beneficence on the part of WEED.  All I'm saying is that the 66% premium is higher than premium paid on 75% of takeover deals.  If the premium is too low, a better offer can also come in now that company is in play.

[SamRothstein]

I started building position in FIRE on Nov.17 at $.14. I sold it all on Feb.9 at $.43  I then started building a lareg position in the warrants in late March.  So I have been followed this stock since November and I know what has been going on, I just haven't bothered to post on here. I appreciate the fact that you think Beena and others purposely held it down, and that it would be

[541house]

hate to agree with sam but deal will pass IF it gets to a vote, bought deals ensured that as 300million more shares were created! As many here  stated BMO knew there was money to be made with FIRE!

[SamRothstein]

Yes BMO knew there was money to be made here.  That is why they risked their capital.   I'm not sure why anyone is stating this as if it were some arcane secret or someone how up for debate in any way.  

[vulcan123456789]

i agree with that too house.. deck was stacked that way..jmho cheers

[ridingrockets]

Do you smoke weed? Have you ever tried a Canopy product vs 7 Acres?    That aside Canopy is a hot mess whereas Supreme scaled down and was legit starring down a repeatable positive EPS scenario. So how do you justify your end comment? Canopy praying for positve EBITDA end 2022 vs Supreme looking at near positive EPS with scalled down operations already in place and no excess stock to

[SamRothstein]

I think you are missing the bigger point here.  WEED is paying a 66% premium.    How many takeovers do you know where the takover price is higher than 66%?  Answer is very few.  Probably 75% of takevers are for a 15 to 50% premium.  So it isn't about who has better weed, or anything else you mentioned.   It is all about the premium paid over their

[vulcan123456789]

sam get real bud.. fire was a current .50 to .80 cent stock right now. as well a good quarter wouldnt have been long to 1.00 look at the trading pattern in the last few months . stock pushed down despite constant good news.. good quarters.. taken down to .26 to 28 level and held there for a good month straight. stock manipulation at its finest.. se we end up with .. .265 right were they want it

[HorsesforCourse]

That's exactly the point. They manipulated this down to a "T"  - raisning cash for exactly what ? Nothing more than pure dilution to pull downt the price and put  enough shares in pockets of those they need to push this through. Beena had this in her sights for a long time. She was hired to do one thing. I am very dissappointed in the Board did not do their fudicary duty

[SamRothstein]

I think an important factor that a lot of people on this board are missing out on is that the entire MJ sector ran up sharply in February and then dropped right back to where it was.  Same thing happened with WEED.  Was WEED stock also being purposely held down?   There is no way to know when FIRE would have hit $1.  Companies don't pay for what a stock might trade at

[watchmeplz]

In my opinion, almost 14 BILLION DOLLAR VALUATION not even at break even LOL, but ya, its worth more, go figure.