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.

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Supreme Cannabis Company Inc. (The) > Potstocks flying AH - Biden transition

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Comment by Methodon Nov 24, 2020 6:16pm

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Post# 31966251

RE:RE:RE:RE:Potstocks flying AH - Biden transition

Actually if you buy the debs you are in the club. More than MM since MM has 90m shares too.

brentkostaa wrote:
MMCAP is cleary in control with the debs they hold as well as the short hedge. Its no different now then it was when John Fowler sold over $50 million worth of paper to MMCAP over 3 years ago. MMCAP has not and will not let this stock move as they continue to collect from the short side.

The plan was never for MMCAP to make bank off of converting those debs. They make on the intrest and the short.

My tune for the stock changed when MMCAP entered the scene. The writing was on the wall. 3 years later, here we are. I wish I could say Im surprised. But Supreme followed the same path as many other micro caps caught up in toxic financing practices. You just cant clean a ticker with hair on it.

In my opinion, this company is being turned into a sellable asset for Aphria. Its not meant to make share holders money. Its for MMCAP. Beena and friends will probably find a C-Suite gig at APHA international. Im sure there has been many hours of back room chatter going on. Debt continues to be cleared in the name of longs. ATMs will continue to pay for operating expenses. Rollback obviously coming, the price will settle at around $30 -$50 mil with no cash, and about $50 mil in debt. THen straight transfer, in kind to APHA. Debt holders paid out. Equity holders get a few APHA shares out of it.

This is the way of the world. As Carlin says, its a big club, and we aint in it.

johnale wrote:

I don't get it at all - given the change in fundamentals.

2.7 mil on the ask at 14.5.... really? What is that?

you can clearly see the company trying to
Pump their tires and get the word out. The article with beena about turning the company around and hitting positive adj ebita.

It's insane - I'm at a loss.

As the big players continue to get increased market cap - supreme becomes a smaller and small dilution to them overall - and more and more likely to get bought out. That's the only positive here.