Take-over risk is large now With the debt a non concern at this point - and MMCap owning a pretty large portion of the equity - supreme becomes pretty high risk for a takeover as the sector is prime for consolidation.
Unfortunately they hold a pretty large stake - and could accept .45 cents from an aphria or cronos or canopy.
supreme would be pretty attractive at this point with emerging brands in the market and no cash burn with completed infrastructure.
easily add 40++ mil in annual revenue to an LP - get more market share - and really dominate rec market as retail expands.
Mmcap gets their money back quick......
not what I want - but it's a real risk right now.