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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) > Supreme is being dump !!!
View:
Post by RealistGhost21 on Oct 06, 2020 12:48pm

Supreme is being dump !!!

TORONTOOct. 6, 2020 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF ("HMMJ":TSX) and the Horizons US Marijuana Index ETF ("HMUS":NEO).

HMMJ is the world's first ETF offering direct exposure to North American-listed securities that have significant business activities in the marijuana industry. This quarter, seven constituents were removed from HMMJ's portfolio:

Deletions

Company Name

Ticker

Exchange

Agraflora Organics International Inc.

AGRA

CSE

Supreme Cannabis Co.

FIRE

TSX

Khiron Life Sciences Corp.

KHRN

TSX-V

Namaste Technologies Inc.

N-X

TSX-V

Pharmacielo Ltd.

PCLO

TSX-V

Sundial Growers Inc.

SNDL

NASDAQ

WeedMD Inc. 

WMD

TSX-V

HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Marijuana Index, net of expenses. This index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the marijuana industry. The North American Marijuana Index selects from a current universe of companies that have operations that may include one or more offerings of biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the marijuana industry. Securities within HMMJ's index generally have a market capitalization of greater than C$75 million.

"Despite a strong recovery in Q2 2020  following the market volatility in March, Canada's marijuana industry struggled in the third quarter in the face of COVID-19's continued pressure on businesses and a lack of positive news to buoy the sector,said Steve Hawkins, President and CEO of Horizons ETFs. "Additionally, growing confidence in potentially increasing federal political support for U.S.-based multi-state operators (MSOs) has resulted in net new money in the sector being increasingly allocated to U.S. names rather than the Canadian licensed producers." 

Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar quarter. At that point, all stocks eligible for inclusion in the index are generally re-weighted by their respective market capitalization. 

The holdings of HMMJ and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMMJ. It is important to note that HMMJ may not hold all of the constituent names in its index. The manager of the HMMJ, through the use of a stratified sampling strategy, may invest in securities that closely match the investment characteristics of HMMJ's index, provided they are consistent with the ETF's investment objectives and strategies.

Comment by puppymonkeybaby on Oct 06, 2020 1:06pm
Yikes. But wait, I'm confused. Vulcan and Opt say its full steam ahead for Beena and Supreme. 
Comment by vulcan123456789 on Oct 06, 2020 2:11pm
an etf had re balanced and dumped fire.. that's a good sign in some respect...what does an etf do buy sell buy sell flip flip flip.. its showing theres not enough money in it for them to flip.. hence we are stable at this point.. stable waiting on q1 report then we go from there.. them getting out for now gives us more stability.. who cares..sure shorts make an issue of it jmho
Comment by theTransporter on Oct 06, 2020 2:45pm
Actually they disclosed their reasoning in the NR, simply FIRE dropped below the $75M valuation qualification threshold. This company is worth less than when it didn't have a sales license.
Comment by Method on Oct 06, 2020 7:08pm
The important part is that they are done selling. The stock held in relatively well considering.  Often the best time to buy a stock is soon after it's been deleted out of an index or had to issue equity to debt holders. This stock did both. 
Comment by George141 on Oct 06, 2020 7:47pm
...that may be so Trans...but that was on speculation aka( pie in the sky)(the bear in the bush)..(monkey on ice skates)..you name it...what we have now is real deal...not Fowler's (the blues brother)..or Nav (the 150 million) balloons...We now have a licence, legal greenhouses, we have a network across the country, a guy named Jean (or the other way around)..we have brand of the year (2 years ...more  
Comment by LI33VESTREAM on Oct 06, 2020 8:11pm
This post has been removed in accordance with Community Policy
Comment by puppymonkeybaby on Oct 07, 2020 9:52am
This is the post that encapsulates Vulcan's market knowledge. If anyone needs to understand the credibility of VUlcan, look no further than this post. 
Comment by vulcan123456789 on Oct 07, 2020 10:04am
puppy puppy puppy.. your intelligence and market knowledge astounds me. ... a short is a short and they attack threats. thank you
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