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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 thehonesttruth on Apr 23, 2021 6:41pm

Conversion Ratio

Hio, Based on today's closure, here are the calculations: 100, 000 Fire shares @ 0.385 = $38500 Market value conversion 100,000 Fire shares x 0.01165872 = 1165 Weed shares @ $34.20 = $39843.00. Conclusion: Buy buy buy Fire shares if you're staying for the conversion. *****CGC shareholders are buying all the Supreme shares right now at a discount***** Trust this helps the Supreme shareholders!!!! JMHO Cheers THT
Comment by WealthBuilder99 on Apr 24, 2021 11:41am
For people planning to hold Canopy long, I stress this post. Currently you can buy shares at a discount via Supreme assuming the deal goes through which it most likely will. Similarly, some very interesting opportunities exist in the debentures and warrants. The first series of warrants (Fire.WT) are very attractive, giving one the ability to leverage their money with no added risk. At last ...more  
Comment by Craiger02 on Apr 24, 2021 5:39pm
Absolutely agreed! Exactly what I was trying to stress to people a couple weeks ago. 
Comment by OptGreen on Apr 24, 2021 7:02pm
How does the .DB investment compare to .T now with the WEED deal C02, I looked at it a bit when they were offered  but had more than enough in .T and decided not to move any over. Dollar for dollar which comes out ahead? JMHO...Opt
Comment by WealthBuilder99 on Apr 24, 2021 9:00pm
I know this was directed at Craiger but I'll jump in. At $140, Fire.DB is equivalent to buying Supreme shares at $0.40, which is about on par with the current Canopy conversion price. The benefit is one gets a 13.6% yield in addition to any upward moves on Canopy stock (5.7% cash interest plus 7.9% accretion, payable in additional debentures) Fire.WT does in effect give one leverage on ...more  
Comment by OptGreen on Apr 25, 2021 12:03am
By all means WB, much appreciated, I was just interested in what it was looking like post WEED deal....knew there was money to be made but I had more than enough invested already and whatever the gain after taxes. There is not a big difference in need and want with age and if it wasn't for legalization and Supreme, I would be at little to no risk at this stage of the game. Anyway i am ...more  
Comment by Craiger02 on Apr 25, 2021 5:21pm
Thanks Wealth! Agreed, the upside on these warrants has a lot of potential  while having very little risk by way of a cheap entry point   AND they don't expire until 2023 or 2024 I believe  lots of time to hold on them. who knows where canopy could be trading at that point 
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