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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 Aurum1983on Feb 25, 2021 2:30pm
133 Views
Post# 32659951

RE:RE:RE:A friendly reminder

RE:RE:RE:A friendly reminderUltimateEvil - you are just being purposefully obtused. FIRE has over $70M cash and a positive EBITDA. How is our balance sheet poor?

We just raised funds twice so another raise in the near future is HIGHLY UNLIKELY. We are what we are now 630M shares at .30 and forward looking with no further dilution on the horizon.

And StayInvested pointed out we have 17% institutional ownership. I have to admit 3-5% insider ownership would be ideal. Something for management to consider going forward.

SO....YOU HAVE BEEN FULLY DEBUNKED. LIKE MANY OF THE SH*TPOSTS HERE ABOUT REVERSE SPLIT, OUTSTANDING SHARES, BEENA WORKING FOR MMCRAP...ETC.

POST YOUR 30K POSITION OR LEAVE THIS BOARD.



StayInvested - (2/25/2021 1:03:49 PM)
RE:RE:A friendly reminder
Explain your statement about the balance sheet please, I would like to know what makes it poor in peoples eyes. 

Extremely diluted is another overly stated falsehood. What makes it overly diluted? What matrix and comparatives are you using for that assumption? 

The only point you make is no institutional ownership, which is also false:

https://finance.yahoo.com/quote/SPRWF/holders/

17% (mostly ETFs).

Plus, as we know, MMCap owns the majority of Supremes debt. That may not be ownership, but being a creditor you typically want to see your debt repayed.

Overall, another poor analysis by someone who is frustrated that this didn't trade the way they wanted. Become an investor instead of a trader, it's less stressful.
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