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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 SamRothsteinon Apr 08, 2021 4:57pm
165 Views
Post# 32958771

RE:RE:RE:RE:Shareholder Value

RE:RE:RE:RE:Shareholder ValueAurorahigh, I agree the FIRE warrants should be converted to WEED warrants at same ratio as the shares are being converted, and no doubt the new WEED warrants would have the same expiry date as the current FIRE warrants.   But the big question is what happens to the exercise price?

aurorahigh wrote: I agree the timing without recent bought deals and the atm, plus the application to list on the nasdaq.  With 762m+ outstanding shares a reverse split was inevitable to qualify for up listing to nasdaq which I wasn’t  fan of either.  But with nasdaq or no nasdaq it was bound to happen sooner than later.

Also has been mentioned here numerous times sp would remain around .26 - .32 ish with recent bought deal.  Optimal maybe not but in this sector it is what it is and investors that bought at the peak and didn’t average down can’t  blame the company if they lost money.  Invest at your own risk and what you can afford to lose plain and simple.  It’s pretty much reiterated over and over again on these forums.

tl/dr:  We could of waited for organic growth ( remember nasdaq application ) but with the o/s min a reverse split was going to happen which would of left a sour note to investors.  

Oh and warrants ( as has always been the case ) should be transferred over at same ratio.  I’m holding good amount of warrants and plan to hold longer.  Jmo but another perspective.


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