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Bullboard - Stock Discussion Forum 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 Discussion

Supreme Cannabis Company Inc. (The) > Found this article this morning.
View:
Post by BirchBrook on Jan 09, 2018 12:39pm

Found this article this morning.

Not sure exactly what it means.

THE SUPREME CANNABIS COMPANY, INC. January 8, 2018 TO: Ontario Securities Commission, as Principal Regulator under the Mutual Reliance Review System AND TO: British Columbia Securities Commission Alberta Securities Commission RE: Notice Declaring Intention to be Qualified Under National Instrument 44- 101 – Short Form Prospectus Distributions (“NI 44-101”) The Supreme Cannabis Company, Inc. (the “Issuer”) intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus. This notice does not evidence the Issuer’s intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer. THE SUPREME CANNABIS COMPANY, INC. By: (Signed) “John Fowler” Name: John Fowler Title: Chief Financial Officer
Comment by maritimedreamer on Jan 09, 2018 1:17pm
never seen one of these before.... does anyone know anything about this? or can anyone read between the lines here?
Comment by Fittertrader on Jan 09, 2018 1:22pm
This post has been removed in accordance with Community Policy
Comment by Fittertrader on Jan 09, 2018 1:26pm
This post has been removed in accordance with Community Policy
Comment by BirchBrook on Jan 09, 2018 1:24pm
I believe it's from yesterday's NR, offering stock options. The Company granted 500,000 stock options (each an "Option") to Ms. Gokhale pursuant to the Company's Amended and Restated Incentive Stock Option Plan (the "Plan"). Each Option has an exercise price of $3.05 and is exercisable into one common share , subject to certain vesting conditions and the ...more  
Comment by BirchBrook on Jan 09, 2018 1:27pm
500,000 x 3.05 $. There must be quite a deal in progress,  overseas !
Comment by Stockie9 on Jan 09, 2018 1:44pm
This could mean a number of things, usually this is something mutual funds distribute to investment firms or retail investors giving an outline of the fund and/or financial info before someone buys in. 1. This could be a big investments firm and/or company looking to buy a major stake in Supreme. Yes, they can buy it in the market but Supreme may be offering a private offering to them, may be ...more  
Comment by Fittertrader on Jan 09, 2018 1:47pm
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Comment by MaxTMaxT on Jan 09, 2018 2:39pm
would it have anything to do with LOI. For supply contracts. ???????
Comment by Fittertrader on Jan 09, 2018 3:29pm
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Comment by Fittertrader on Jan 09, 2018 3:31pm
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