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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

Comment by Rockpaperstockon Jan 11, 2018 2:56pm
204 Views
Post# 27335574

RE:RE:RE:RE:RE:Told you all, you got a lump of a stock

RE:RE:RE:RE:RE:Told you all, you got a lump of a stockForgot to include the link... https://www.theglobeandmail.com/investing/markets/stocks/FIRE-X/pressreleases/634663/ That said, as mentioned FIRE does have a sizable amount of convertible debt. Hopefully it'll be converted gradually in palatable chunks so as not to overly dilute the SP at any one time....
Rockpaperstock wrote: Indeed it looks like dilution is coming down the pipes.... with the $17.4M debt converted, we're looking at another 13.3 million new shares added to the total float = 228.4 million shares. With today's market cap of $595.7M, I calculate the diluted share price at $2.61. So not THAT much of a hit....
Fowlerprowler wrote: Reviewed 2018 Q1 financials?  The quarter's only 11 days old...tell us what does January thru March look like?  Follow your own advice.




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