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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

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Post by maritimedreamer on Jan 02, 2020 4:23pm

Volume.....

Has anyone else noticed that FIRE is selling many more shares on the alternate exchanges? Last few days alternate exchanges traded more then tsx.... try for example. Tsx 485 k, total traded 1.23 mil.... the NEO ATS seems most active.....anyone know whom typically uses this?

https://www.stockwatch.com/Quote/Detail.aspx?symbol=FIRE&region=C
Comment by norandos on Jan 03, 2020 2:21am
This post has been removed in accordance with Community Policy
Comment by Fastlane2 on Jan 03, 2020 3:56pm
I'm going to throw a curve ball here as I believe the market is disconnected from reality......no surprise right?  Supreme has a market cap of 226 million with $36 million of cash at the end of September and $100 million of convertible debt due in 2021. The convertible notes are deeply out of the money in others words it's a wash. Post Q1, Supreme announced a $90 million senior ...more  
Comment by maritimedreamer on Jan 03, 2020 4:08pm
At least someone bit thanks fast....even though you went down a rabbit hole that I never contemplated or desire..... would there not be a shareholder vote on any buyout? at that point I hope shareholders would offer a solid rejection with a side of gtfo...cannot believe we are talking these share prices...
Comment by Fastlane2 on Jan 04, 2020 9:05am
Going down the rabbit hole as you indicated maritimedreamer is removing all obstacles and even the blinders to see what other aspects or possibilities are out there. Most of you invested here know all of the moving parts with Supreme so need to dive in again, but stop and think about how some companies are struggling with financing and some LP's looking for leverage into the market with a ...more  
Comment by Go0B3r on Jan 04, 2020 12:06pm
This is a rabbit hole I've been in a few times, it's good to see how others are thinking about it.  I imagine kicking tires and scratching the paint job is very much happening here.  I'll leave the paint scratching aside, as my own theories of conspiracy towards the company involving our competitors and/or former board members is more then I care to write about right now ...more  
Comment by OptGreen on Jan 04, 2020 1:23pm
If they got a ridiculous stink offer nothing says they need to even entertain it Fast, what would be the concern? They are cashed up and based on guidance will be the first in the sector to realize real profit, green is hardly an issue for this company to that end. What am I missing here? JMHO...Opt
Comment by norandos on Jan 04, 2020 5:32pm
This post has been removed in accordance with Community Policy
Comment by norandos on Jan 06, 2020 10:50am
This post has been removed in accordance with Community Policy