RE:Here is the BAD NEWSRealistGhost21 wrote: From 354 millions to 471 millions outstanding share by Sept 2020. Ouff with a market Cap of metely $80 millions that would decrease the SP by 33% so expect the SP to lower at approx $0,15 cents CAD (not US of course). This annonce is a big confession from Beena who knows taht profitability Will not be reach in mid and for long term. They change the conversion date for debenture To 2025 but it is obvious the compagny Will bankcrupt way before that.
You fuc.king idiot:
"We are pleased to have reached an agreement that significantly reduces the Company's debt obligations and amends the Debentures in advance of their original maturity in October 2021," said Beena Goldenberg, President and CEO of Supreme Cannabis. "This transaction offers holders of the Debentures with an improved conversion rate that is aligned with current market conditions and affords our company additional flexibility and runway to accelerate revenue growth and achieve cost optimization as we continue on our path to near-term profitability."