Supreme Cannabis Company Inc. (The) T.FIRE

Why I added more....

[ridingrockets]

I personally believe leading up to our next ER we would be sitting at least where we are today if not closer to $0.40 - This company was on the verge of making a true profit. A small one but a real one. They have the ability to grow what amounts to approximately 7ish%? of the Canadian recreational market. That is realistically obtainable considering they can not be beat when factoring in cost, quality and consistency. Even with the incresed shareholder dilution and market staturation I believe this company can still get to a projected .10-.15 annual EPS with their existing capacity. That puts us back to 2019 valuations. I do believe it is possiple. I do not like the idea of selling out to Canopy and cashing out. I as a retail inverstor realize my vote while counts won't sway this deal. I need Canopy to continue to drop... But I added more shares of FIRE:CT because the closer we get to our existing share price the more likely this deal falls through which means imho the more likely Tweed has something up their sleeve to boost their SP. At this point adding more FIRE:CT in the penny stock world is a fairly low risk move.

[aurorahigh]

Just a lot of downward pressure in the mj industry lately.  Even good news is quickly sold so I do not think our sp would be in this range without the merger.  We would be mid .20’s ish.  Deal won’t not go through because share prices are depressed , it’s pretty widespread across the sector.  Use Apha/Tilray for example.  Sp we’re declining with the market prior to

[Greenman519]

Maybe Supreme should use some of the $50 million+ they raised through two over-sold private placements (and announcing a $30 mil ATM) in the weeks prior to this "deal" being announced to do a share buyback; to show shareholders that it wasn't done intentionally to drive the shareprice down to take over pre-decided levels while adding sufficient shares (200,000,000+) to ensure that

[donaldmac]

That has to be the best statement I've ever read on this board, bar none.

[theTransporter]

  that sounds dumb. Why raise money to dilute the share structure, only to buy back shares at a higher price, to reduce the share count. Very counter intuitive. Might as well not have raised money in the first place. 

[donaldmac]

Just give us cash that is what everyone really wants "show me the money" lol

[AOGEE]

now this statement is the funniest I have ever read on the Fire BB. It comes from a person who self admitted "DOES NOT HOLD ANY SHARES IN SUPREME". Unbelievable. Still has not responded the question yet continually promotes voting against a deal they have no vested interest in.  For all the real shareholders of Fire here, which I am, read the documents on SEDAR. They are long and

[donaldmac]

Thank you for your location.