Beena is a Very Smart Business Woman! I've had businesses and went to banks before and even while making a nice profit, they wouldn't give me close to $20 million.
BMO is better BIG on Beena and they're smart for doing so. Fire.ca is probably one of the most undervalued stocks so Beena needs to issue more shares. But many large companies have hundreds of millions of shares outstanding. That's why they're market caps are what they are. Look at CoStar for example and go figure?
BMO knows the Cannabis space is HUGE and going to be growing at crazy valuation numbers and profits as the market tide turns to legal, and to more medical with their exports and recreational.
Supreme Cannabis is positioning itself for either an acquisition and become more branded or continue their successful business model as a supplier. I don't know which path is more lucrative but I know Beena presented that to BMO and they analysts saw it worth to invest $22M at basically market price today. Plus warrants at $.40, so I think the story says. BUY Fire.ca.
Dont trade it. But as much as you can in the $.31-.$.40 range before they make another announcement and you miss out. BMO set the price floor at basically $.40 which I image it will JUMP to tomorrow (if not $.60) knowing there are plans to get this company extremely profitable and take it to over $5. There a reason BMO wanted 3 years. They are tying themselves to Beena, and this is a stock you put away as a GEM @ $.35-$.40 if you can get it at the open there. I would go up perhaps and pay $1.00 tomorrow if it hits that, knowing the company is going to be worth $15-$20 and if Cannabis Stocks continue to Run, this baby will make A LOT of people A LOT of