Supreme Cannabis Company Inc. (The) T.FIRE

question

[vulcan123456789]

day of announcement they set the multiplier. if we went down to .30.. or up to .60. that multiplier would remain the same correct.. if canopy remained at price that was announced we would not be a dollar better off or worse off....would this not be right.. the only way we gain is if canopy price jumps higher. we have same shares but worth more.. am i not reading things correctly.. cheers

[OptGreen]

We get ~$.45 for our FIRE shares, paid in WEED shares as per coversion formula vulc....can sell now before deal completed at market price that will never see north of $.45 again. We make money now as WEED price heads north unless deal falls through for some reason, highly unlikely. I think they are planning on a brand new restructured WEED with a fully funded premium wing with a fully fuctioning

[GustheGreek]

As of right now, you have to look at things as owning Canopy shares instead of Supreme, at the conversion rate of 1 Supreme share =.01165872 Canopy shares. So for example if you have 10,000 FIRE shares, you would have 116 WEED shares. (The .5872 of a share gets paid out in cash by your broker). I wouldn't sell right now... 4 reasons, if you do sell you sell at a discount, Supreme's

[HorsesforCourse]

You actually think Canopy can go up more than the potential Fire had ? - Easily Fire could have given 2 or 3 bagger short term, I doubt Canopy can do that.

[541house]

horseforcourse you are right, I dont see it happening now with canopy so as the shark tank guys would say "for that reason im out" lol

[SamRothstein]

I think that Canopy had close to same chance of being a 2 bagger in short to medium term as FIRE. As evidenced by the fact that they were both trading for double their recent prices in February.   Not as much of a chance of WEED being a 3 bagger though as there would be for FIRE.  However, that is also before you factor in risk.  I don't want to get into another discussion