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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 OptGreen on Jan 29, 2021 2:49pm

Big Volume

Big volume at $.17, more than double of any of the rest on my page, we should be close to burning through what they wanted to soon one would think....maybe green close? Looking good and the best part is all the news is yet to come.

As long as they get the shares where they want them we should see some material, sustainable lift in SP as the numbers and news is made available over the coming days....it is time, need to see $1 SP in the rear view as soon as possible in the months to come.  JMHO...Opt
Comment by Mandibule on Jan 29, 2021 3:13pm
Technically speaking, $0.17 would be a support that must hold
Comment by Mandibule on Jan 29, 2021 3:15pm
Comment by Lou793 on Jan 29, 2021 3:53pm
How can there be this much trading on a stock and it continues to go down.  
Comment by vulcan123456789 on Jan 29, 2021 3:59pm
manipulation
Comment by johnale on Jan 29, 2021 4:03pm
Someone care to explain what the heck today was?  52.6mil total volume.  barclays dumped 16.5mil and anon picked up most of it.  what was that!?? All at 17 cents. This was nuts 
Comment by Nearnorth1234 on Jan 29, 2021 4:31pm
would the 16.5 million be MMcap?
Comment by johnale on Jan 29, 2021 4:37pm
I'm not sure - but 243 mil volume for January.  If MM sold ~20% of volume like other months - 48.6mil sold.  they only had 54mil left.  someone was in a hurry to sell today, but buyers were there all day taking the shares.  very odd - but maybe MM trying to liquidate the last chunk of shares they have. 
Comment by WealthBuilder99 on Jan 29, 2021 5:21pm
I wonder whether MMCap was selling leading up to the financing because they knew it was coming, in an effort to free up cash to participate in the overnight deal and acquire warrants. Just a theory as one could have net increased their equity position, and today was the closing date which may explain the all time record volume. We'll know for sure next time they file. I also think you might ...more  
Comment by johnale on Jan 29, 2021 6:11pm
I doubt they participated at all. Talking to IR you get the sense MM fund wants to hold debs, and not equity at all.  We'll see in a week or so. but lots of money is flowing back into cannabis plays. I'm thinking this was more of an effort to get some other institutions on side.  Ir described this as an "opportunity" that they didn't want to pass on - for a ...more  
Comment by brentkostaa on Jan 29, 2021 4:43pm
In my opinion, those shares that were sold were ultimately acquired by MMCAP to cover either a short position. (potentially naked)... Or simply to ante up in their long drawn campaign. Or both. They'll keep recycling shares through Supreme. Why wouldnt they? It feeds the banks taking the deal. They feed MMCAP. MMCAP pays their "friends". The managment team continues to get their 6 ...more  
Comment by Mnadel01 on Jan 29, 2021 5:35pm
Brent are you in or out? If you're out you spend so much time typing paragraphs here lol.  
Comment by brentkostaa on Jan 29, 2021 5:54pm
I dont have much else going on... what would you like me to do?  I dumped the rest of my debs at 90. So im al dry powder 
Comment by Method on Jan 29, 2021 6:11pm
not much traded there. Pretty small position?
Comment by Lou793 on Jan 29, 2021 8:55pm
It's like Texas Hold' em and we are waiting for the river card.  There seems to be no rhyme or reason.
Comment by brentkostaa on Jan 30, 2021 10:11am
Zing! I made a quick $15K profit strictly from selling debentures over the past few weeks. Its not the banker money you pretend to make, but it's plenty for me and my life style. As a retired under 40'er, with no bills, its a great way to start the year!  One things for sure. You often sound triggered by everything I say. Why is that? It must be jealousy. Does it bother you that ...more  
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