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Supreme Cannabis Company Inc. (The) T.FIRE

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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.


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Supreme Cannabis Company Inc. (The)
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Post by jfogarty12on Sep 01, 2020 6:42pm
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Post# 31491317

Fire and their debt

Fire and their debtSupreme Cannabis amends terms of debentures, plans to issue 116.6M new shares

Supreme Cannabis announced plans last Monday to partially convert and amend the company's unsecured convertible debentures in an "an extraordinary resolution." The company said the conversion price for its outstanding 6.0 per cent senior unsecured convertible debentures it issued in October 2018 is now valued at $0.285 a share, from a previous amount of $2.85 a share. The outstanding amount of debentures owed is now $36.5 million, down from $100 million, the company added. Supreme will also issue 116.6 million for its debenture-holders, half of which will be subject to a four-month restriction before they can be traded.  
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