Supreme Cannabis Company Inc. (The) T.FIRE

Take-over risk is large now

[johnale]

With the debt a non concern at this point - and MMCap owning a pretty large portion of the equity - supreme becomes pretty high risk for a takeover as the sector is prime for consolidation. 

Unfortunately they hold a pretty large stake - and could accept .45 cents from an aphria or cronos or canopy.

supreme would be pretty attractive at this point with emerging brands in the market and no cash burn with completed infrastructure. 

easily add 40++ mil in annual revenue to an LP - get more market share - and really dominate rec market as retail expands. 

Mmcap gets their money back quick...... 

not what I want - but it's a real risk right now.

[JiffBeasauce]

45 cents il take it.

[maritimedreamer]

sadly i share your concerns.... 

[maritimedreamer]

Is there any way for them to incorpirate a poison pill or anything? or does that have to be set up from inception of the company...... Supreme deserves a break and success on its own 

[Bever73]

Lol co's are taking massive writedowns, have huge inventories, and are downsizing and you imbeciles are talking takeover...dumb and dumber...

[watchmeplz]

In my opinion, there's no f... chance of a take over. Stop spewing garbage. canopy just divested out of facilities and your suggesting them buying another one? Licenses aren't worth anything anymore and even revenue doesn't matter when it's all at a loss.  Hence, canopy divesting on more growing, aka. Not profitable in Canada.  Looks like this is getting set up for a

[OptGreen]

Possible joh but there is a lot of dark grow sq footage out there already as 'bigger' is not better in this industry, at this time....there would have to be a very sweet deal for for many SHs to consider it in the first place and the belief in the post takeover company would have to have the buy in by the folks employed as most were/are dedicated to this company and it's success

[johnale]

I hope not opt - I'm just thinking one of the bigger LPs who need to show some growth may have to do so by aquisition - and fire may be the avenue they do it.  Especially as we gain traction in the rec market while the share price and EV lags.  I did manage to get a hold of IR -  was worried on the wholesale end- as ogi/apha had zero wholesale. But apparently those channels

[vulcan123456789]

well said john... ir does get back to investors I've had a few responses.. very informative.. Ir also confirmed that sales of kk will most certainly not be an issue with health canada.. they are very stringent if how they package and market to remain in compliance with regulations.. that was also good to hear. so no fears there. jmho cheers

[watchmeplz]

In my opinion, Watch out below, there's fully functioning, non-diluted, little to no debt, same-sized LP's going for 2-15million market cap. I don't get why anyone would think this is upticking valued at 70+mil, with 100m+ shares adding to the float, roll back approaching and boat loads of debt. This is crazy people, even if you think this has legs, come back in at a fraction of the

[GHZTECHY]

Did anyone notice FIRE has been taken over by VIVO.T for market cap! Beena, I hope you have an ACE up your sleeves in the next 2 weeks.

[OptGreen]

Agreed joh, what better asset in the sector than FIRE? If the Dec changes were made a year or two ago there would have been more of a chance but since the big moves made by the likes of WEED and ACB have done more harm than good more often than not and they are now, and have been for awhile, trying to right size...while FIRE was right sized all along, with the main focus on quality, the key

[Lou793]

Being taken over or merging with another company would be great.  The Canadian companies should work more collaboratively. The industry needs a Joe Biden win in November to hasten the US legalization.  It needs respected CEO's like Aphria's going on BNN and Mad Money and talking to investors about the 80 or 81% of the market that is still done the old way that the legal industry

[OptGreen]

Maybe let's see Beena's results from her first quarter on the job,with at least ~15% of full production there Lou...there is no need for anything but what Beena/team are doing today and what we will see tomorrow, let's get all the current assets up and running full bore before we start acquiring more. If Biden and the globalists can steal the election stateside bothsides of the 49th

[maritimedreamer]

Johnale, wondering if you could elaborate....... 'was worried on the wholesale end- as ogi/apha had zero wholesale.'...... although i am not totally up to date on these two i thought OGI and APH still had some wholesale sales but have been taking large dives..... i did not think it was at zero? thanks..... happy friday