Supreme Warrants (Fire.WT)Has anyone else taken notice, that warrants currently trade at no premium to the stock. IE the current price of a warrant (the first series: Fire.WT) is about $0.15, with a $0.23 exercise price until January 2024. The current price of $0.15 plus a deferred $0.23 exercise price = $0.38, is roughly the same price as the stock. Therefore, it makes zero sense to buy Supreme or Canopy common shares while this fact remains. One can effectively gain leverage and significantly increase their upside, with no added risk. a 50% upside move on Canopy shares, would translate into a 50% upside move on Supreme shares, OR a 120% upside move on warrants.
Things to consider.
Cheers