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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 Methodon Dec 31, 2020 7:05pm
143 Views
Post# 32206127

RE:RE:RE:Management just fu.cked shareholders for personal gain

RE:RE:RE:Management just fu.cked shareholders for personal gain

I expect management teams to act according to their incentives. The fact that they are finally assigning options might suggest they expect the share price to appreciate. Presumably, they would have a reason to think so. 

Why did they wait this long?

it could be they expected more flow back from the debt restructuring, or more MM selling, or they might be done with the ATM. Maybe they wanted to make sure they hit the $2m EBITDA target. It's really hard to say. It's a signal that has historically been helpful in predicting future returns if you look at the work of @nonGAAP on Twitter.


theTransporter wrote: Please enlighten me Method, as to why this is great news?

to me, they barely have to work to make a profit. If they set the options price at $0.30, they would have to hussle hard to earn a profit as they should. 

 

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