RE:Found this article this morning.This could mean a number of things, usually this is something mutual funds distribute to investment firms or retail investors giving an outline of the fund and/or financial info before someone buys in.
1. This could be a big investments firm and/or company looking to buy a major stake in Supreme. Yes, they can buy it in the market but Supreme may be offering a private offering to them, may be similar to what we saw with the Constellation Brands purchase of Canopy.
2. They are simply offering more shares to the public to raise money, most likely looking at acquisitions/mergers with the hiring of the new lawyer, its slowly starting to make sense.
This is starting to make sense. Fowler has something very,very big up his sleeve. The filing of this prospectus a day after hiring the lawyer is no coincidence. They are looking to acquire someone or something, or even give a big stake of the pie to a big investment firm or company like constellation brands.