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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 RealistGhost21on Nov 01, 2019 5:14pm
191 Views
Post# 30299483

RE:RE:2 millions share diluted since last week

RE:RE:2 millions share diluted since last weekI see you point M4DM4X,

This $29 millions do not show up in there balance sheet and you can look at their last earnigs reports. Also, they got financement already for those warrants when they issued them in 2016 and 2017. Of course an extra $29 millions would be nice but at the expense of the currents investor.

IMO, Supreme will make profit before the next 24 mouths. It is just wise to know that dillution is not a good thing and I don't care if the price go down again because if their earnings stay on track for next years I will purchase again. after Dec 13, I don't care if the price start get over $1,50 CAD but I don't want either that the SP get over $2,43 CAD to avoid the dillution of an extra 42 millions share.

I only know long term investment so for me who invest in Supreme, my long term is at least 2027.
I would like a SP of $7 CAD which would represent a Capital Market of approx 2 or 3 Billions dollars CAD for a total of approx 405 outstanding share which is better that having to divided by 464 millions share.


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