Supreme Cannabis Company Inc. (The) T.FIRE

Earnings out - on the right track - as we all suspected

[AOGEE]

Maintains market position and records third consecutive quarter of positive EBITDA

 

2021 Third Quarter Highlights:

 

Positive Adjusted EBITDA 1 of $0.5 million

Consolidated net revenue of $13.6 million

64 active SKUs as at quarter end, 9 new products introduced in Q3, with presence in all 10 provinces

Maintains a strong liquidity position, including a cash balance of $65.5 million including net proceeds of $45.2 million from the unit offerings in Q3 2021

Subsequent to quarter-end:

 

Entered into an arrangement agreement with Canopy Growth Corporation ("Canopy"), pursuant to which all of the issued and outstanding common shares (the "Supreme Cannabis Shares") of the Company will be acquired by Canopy, with the Company's shareholders receiving (i) 0.01165872 of a common share of Canopy, and (ii) $0.0001 in cash for each share of the Company held.

[Phonse47]

Good results in my opinion. Better than I expected. 

[541house]

Beena says she got "Maxium shareholder value" lmao I dont think so, maybe carry out your original business plan instead of making a quick buck for your board.

[ridingrockets]

Thats just it right there. Horrible. 1- look at the loss everyone 2- look at the decreased sales 3- consider the efficiencies that have been realized over the last year and you'll make more sense of the decreased loss along with decreased sales. 4- ask yourself: had they had more product on hand and were able to make more sales (they implied they missed out due to product on hand) how much