Supreme Cannabis Company Inc. (The) T.FIRE

Couldnt resist these prices

[541house]

I double my position today!! Let's hope for some good news with Beena and financial's

[JaCkSnap]

Good Man! I did too a while back.  Still believe in the company.  Multi-award winner proven brand 7ac think their going places over the next copuple of years.

[OptGreen]

Here here 541, there is nothing better than to see seasoned investors buying here but adding is even better...not to worry there will be good news, just how good is the question. With the extra time for filing yearend report, with little material info reported and a no fluff or bullshite to be reported policy, no news is good news. All the best. JMHO...Opt

[541house]

Have they announced the production of oil yet? I know its coming! My grandma works with a guy who works with a guy who works with a guy and he told her the oil is coming!!!!!

[RealistGhost21]

Hey OptGreen I offer to buy your share for $0,02 CAD (not US of course) I know you did pay more than $2,50 in average but still you won't lose all your money.

[vulcan123456789]

good for you congrats.. it's a great opprotunity at these prices..I've been buying for weeks myself. very close to doubling my initial position as well.. more shares in strong hands the better.. cheers

[JaCkSnap]

Yup, Long & strong here too!

[nearnorth101]

I doubled up too, got some at .17 today

[Method]

Not allowed to buy the debentures or don't want any free shares?

[nearnorth101]

I'm going to buy some of the debentures tomorrow

[Method]

Good luck! At least the return is guaranteed to be higher than the common. 

[johnale]

Is this gonna close by September 1st? Or is this getting delayed?  Only Friday/Monday left before September 1st Tuesday.  as well - if it gets delayed - would that not force a short squeeze? 

[Method]

  I asked IR but did not get a response so my guess is maybe.  I don't see why it would cause a short squeeze unless the cost of carry is so high that it makes the position unprofitable. The converts would theoretically sell off though as retail is still ignoring debentures in favour of the stock. 

[theTransporter]

There will never be a short squeeze with the ATM still in play. Anyone with a great short position can cover through buying into the ATM which is fixed to the price of the day. 

[theTransporter]

Actually the ATM is also most likely the reason you dont see any upward movement from any big buyers here. They drive the price down and instead of buying 1 million shares for example in the open market, they buy into thrbATM which doesn't propel the stock price upwards with such a large purchase.  until they ATM is fulfilled or closed, there will be no short squeeze or upward

[Method]

You might be overstating the impact of the ATM. Did you see how much the ATM sold last month? I think it's probably turned off at these prices and in light of the debt refinancing.

[maritimedreamer]

method, were you able to find out how much was sold on atm last month? i was not able to find it... i believe month prior was a few mil... so 7 or so left? 

[Method]

It's the last filing on SEDAR - August 7.  Aggregate Number of Common Shares Distributed during the Month               94,500 Average Sale Price of Common Shares Distributed during the Month              C$0.246

[maritimedreamer]

ty

[vulcan123456789]

I got an order at .165 today.. it's a steal.. I'm keeping a order or 2 at all times. get a dip pick up more.... the more shares held in strong hands the better good luck to all. and congratulations on your purchases.. cheers

[risingstars]

I also thought about to buy but earnings are still too far away (estimation 2020-09-15). Without news it becomes cheaper and cheaper... By the way, I am not expecting a good Q4 2020 but I expect a good outlook (profit)....

[RealistGhost21]

They can't make a profit the compagny was not built that way.

[541house]

realghost are you the rodent on the fire board?  When people dont understand they spew stupid shiiiiit so quiet the adults are talking now!!! I know that this company is moving in the right direction, new products ,reduced expenses and increased sales are a few things this company has going for it this quarter!! 

[risingstars]

Then why did we already have a profitable quarter? Achieves first positive Adjusted EBITDA1 quarter of $3.2 million. https://www.prnewswire.com/news-releases/supreme-cannabis-announces-q4-and-2019-fiscal-year-end-financial-results-300920109.html