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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

Post by Craiger02on Mar 04, 2021 6:48am
307 Views
Post# 32712699

Thoughts?

Thoughts?

So I've been digesting all the information and input from everyone. Here's another thought to add to the plethora of ideas already. Don't jump down my throat as it's not my opinion but rather just an idea. 

1) we did the last raise around the 0.30 mark 
2) we are hovering around that floor currently
3) this ATM allows the company the ability to raise without doing a "raise"
4) we will not be able to sell THC product in the US obviously for quite some time however, we would like to attract more institutional investment behind the shares in the US and the OTC markets will not do that. So...

what if the idea is to buyout the mmcap debt (if there is much remaining) and allow the SP to move slightly north, the do a 10-1 split and uplist onto nasdaq? This would put us right at the $3 required threshold for nasdaq listing. I know the thought process is that a split would screw over some of the longs, however with the offset of a much bigger market trading equities, would offset that threat of potential loss easily I believe personally. Anyhow, just thinking out loud

 

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