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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

Post by adogsbodyon Nov 19, 2018 9:10am
196 Views
Post# 28993274

Answer from IR re reverse split

Answer from IR re reverse split

Hi Simon,

 

I'm curious why you would call potential consolidation "madness"? 

 

The share consolidation is part of our effort to make the stock more attractive to a broader set of potential investors. First, many institutions will only invest in marginable securities, which typically means shares with a minimum price of $3 to $5 depending on the institution. Second, a higher share price ensures that we would meet certain minimum listing requirements established by major exchanges in the United States - opening the opportunity for us to seek such a listing. 

 

Overall, Supreme views the consolidation as a net positive event for shareholders. While some concerns have been shared (particularly in online chat forums), the vast majority of the feedback I've received has been positive thus far. 

 

I'd like to hear what you think. 

 

Thanks,

Scott


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