Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Methodon Apr 03, 2020 8:50am
91 Views
Post# 30875041

Convert redemption?

Convert redemption?

Other cannabis producers also have to deal with their convertible debentures but some aren't listed.

In the case of VIVO, they just announced they are redeeming a third at 93 (vs par at 100) 11 months before they are due. 


https://www.newswire.ca/news-releases/vivo-cannabis-tm-announces-partial-debenture-repurchase-874255751.html

Its possible FIRE could do the same thing which would mean almost a 4 bagger on FIRE.DB for the portion that gets redeemed. 

If you are confident enough in the prospects for the company to own the common, you should also own FIRE.DB. Simply because the equity will have a tough time going up when the bonds trade like the company is going bankrupt (even if it's not).

<< Previous
Bullboard Posts
Next >>