Supreme Cannabis Company Inc. (The) T.FIRE

Payday for Method

[theTransporter]

Anyone who has purchased into FIRE.DB at the recent price which was a 75% discount of the full debenture unit, such as Method has been preaching here will see a fruitful return on their investment as of this morning's news. 

I had said that debentures can (and i anticipated it here) be renegotiated such as what recently occurred with TGIF and has happened here. 

congrats to you Method!  

On the equity side (common shares), this adds a significant amount of dilution.  This will make the upward movement more of a grind, but this will be offset with greater buying interest from the market due to a more attentive balance sheet as a result of the debt reduction. This was a move recently done by Aphria. 

I assume Beena wants to get this done before Q4 is released which if it will be as great as many think here, it's a smart move doing it this way. Company will be in a position that it can eventually force conversion of any remaining debentures.

[johnale]

Welcome to the equity debenture holders.  I think this is a great deal for all parties -  effectively supreme raised 63.5 mil at .545 cents - a double from here.  36.5 mil deferred to 2025 - which is huge-  I kept saying this could be differed.......  a big win for all involved -  equity gets the monkey off its back and a better balance sheet - and

[Method]

I think it's a great deal for equity holders mostly.  i think MM through the rest of the debenture holders under the bus since they were probably already short stock. I don't think you will necessarily see all of that equity come to market as a result.  Bonds should trade up meaningfully vs equity though.