Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

View:
Post by Pedal2themetal7 on Apr 08, 2021 6:21pm

Shareholder Value

Depends how an investor interprets the deal. If you hold 100,000 Supreme shares the conversion equates to approximately 1,165 Canopy shares.

Supreme provides a fully operational facility which can produce 50,000 kg of premium product and 7 million tinctures, giving Canopy a great opportunity to expand the Kincardine facility due to the cash available. The premium product was the one segment which eluded Canopy from the start.

It is my understanding Canopy is aggressively pursuing the US and EU markets therefore if successful the stock could provide some growth, not the rocket ship Supreme investors were hoping for, but it could provide gradual growth if their recent acquisitions prove to be a success.

Penny stock investing is a cruel game, its extremely unpredictable and volatile, anything can happen. The manipulation was nauseating, I had never experienced anything like this before, but it appears to be within the confine of the law, therefore it is time to move on.

Thank you all for the sharing of information, and good luck in your future endeavours.
Comment by Pedal2themetal7 on Apr 08, 2021 8:53pm
It's going to take a while for Canopy's shareholders to digest, but the Supreme acquisition will be a cash cow for them. The Supreme side of the operation will be producing at full capacity in no time, and can be expanded as needed due to Canopy's backing.  Beena is a proven leader, and has shown her value at how fast she was able to turn the company around, it wouldn't ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities