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 OptGreenon Apr 22, 2020 6:55pm
87 Views
Post# 30942115

RE:RE:RE:RE:RE:RE:RE:RE: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:RE:RE:RE:RE:RE:RE:RE:RE:FIRE Shorts to Apr16/20Agreed joh sales appear to be very good and much better is expected and I have gotten the same positive feedback on the funding in place since January....this restructuring in Nov/Dec has been when put together from the jump and everytime I have asked a question related to funding the response has been consistant.

At first it was hope but the way everything was set up and executed since December, it was clear Moore/team are not just flying by the azz of their pants this has been a first class handling of the company and business plan going forward...and why the Feb revision of guidance was of no concern to me then and why I think we will see those guidance targets well in play starting this quarter. JMHO...Opt

johnale wrote:

I think the shorts saw the preliminary shelf filed and double downed. 

but I contacted supreme about it a while back - 
this was the response: 
based on this - I don't think the shorts are going to get what they want in the near term - and we are shaping up for a future squeeze IMO. 

Thanks for the questions on this.

The company does maintain a strong liquidity position and has the capital necessary to execute on all identified opportunities. Like many other companies in our space, management considers it a good corporate practice to have a shelf registration in place. If approved by the OSC, it is not necessarily something the company needs to use.

At this time, the company is not announcing any financings but continues to monitor market conditions and look for opportunities to maximize value for all stakeholders. If the company files a final shelf prospectus and chooses to offer securities during the 25-month period, the specific terms of an offering would need to be described in a prospectus supplement related to the shelf prospectus. At this stage, this is simply a preliminary shelf prospectus and it still needs to be reviewed and accepted by the OSC before a final prospectus can be filed.

Right now, there is no defined strategy to communicate, it is simply prudent to have a registration in place and to have that optionality in the future. I can assure you that we have a very experienced leadership team who is focused on prioritizing its shareholders’ best interests.

 



<< Previous
Bullboard Posts
Next >>