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

Comment by Methodon Apr 21, 2020 8:05am
90 Views
Post# 30933067

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FIRE Shorts to Apr16/20

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FIRE Shorts to Apr16/20

Who is "we" in this context?

If I was them I would do a small equity raise after every quarter and do an SIB on FIRE.DB for the first one at least. But I am risk averse, biased and not prophetic like yourself.

Not sure what you meant on HEXO with the last minute raise. Their debt facility isn't due until 2022 but the bank was nervous. Hopefully that doesn't happen with FIRE.

Right now the cost of unsecured debt is around 120% on the bid so it's tough to see them being able to issue debt at reasonable prices until FIRE.DB trades higher.

Like you said though, 14 months to go. We'll see how risk averse they and BMO are. 


johnale wrote:

BMO pressured hexo - but they didn't raise until the last minute basically. 
didn't work out for them. but they also are a way different company structure. their losses are incredible - and looks unlikely that they will be profitable. their products lacked quality too. 

I still say fire can wait - especially as demand is increasing significantly. things change quickly. 

if they do a combination of debt/equity/cashflow - they have 14 mths - From today -

wait 2- 4 months - see revenues, cashflow and then you have a better picture of what you need and still 10-12 months runway. 

that's plenty of time. 

then if they company becomes what we think it will with all their products to market and approaching that 40mil/q revenue - they will be more than fine. 



<< Previous
Bullboard Posts
Next >>