Sunday, June 22, 2025

Supreme Cannabis Closes $25.9 Million Bought Deal Financing

The Supreme Cannabis Company (TSX: FIRE) this morning announced the closing of its previously announced bought deal offering. The company managed to raise gross proceeds of $25.9 million via the issuance of 83.5 million units, which includes the full allocation of the over-allotment option.

Under the terms of the offering, each unit was sold at a price of $0.31 per unit, with each unit containing one common share and one half of a common share purchase warrant. Each warrant is valid for a period of three years, and contains an exercise price of $0.40 per share.

The warrants are to begin trading this morning on the TSX, under the symbol “FIRE.WS”.

Proceeds from the offering are to be used to fund growth, for strategic opportunities, as well as for working capital and general corporate purposes.

Supreme Cannabis last traded at $0.295 on the TSX.


Information for this analysis was found via Sedar and Supreme Cannabis. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Dead Cat Bounce? Poking At The Cannabis Market

An unexplained bout of optimism came over the marijuana markets this past week, as the...

Sunday, October 6, 2019, 07:00:13 AM

John Fowler and Supreme Cannabis Part Ways

The Supreme Cannabis Company (TSX: FIRE) announced this morning that founder and current Chief Advocacy...

Tuesday, October 29, 2019, 11:24:13 AM

A Deep Dive Into The Shallow Pool of Listed Cannabis Debentures

Yesterday we took a break from small cap equities to take a look at the...

Friday, March 13, 2020, 08:16:29 AM

Supreme Cannabis: Stifel-GMP Raises Price Target To $0.55 Following Q2 Results

Last week, The Supreme Cannabis Company (TSX: FIRE) announced its second quarter 2021 financial results....

Wednesday, February 17, 2021, 10:48:00 AM

Supreme Cannabis Issues 116.6 Million Common Shares In Exchange For $63.5 Million In Debentures

The Supreme Cannabis Company (TSX: FIRE) has finally begun to solve one of its pressing...

Monday, August 31, 2020, 08:33:22 PM