Sunday, June 22, 2025

Latest

Supreme Cannabis Launches $30.0 Million ATM Financing

The Supreme Cannabis Company (TSX: FIRE) late last night announced that it will be conducting another at the market equity program, which is more commonly referred to as an ATM financing among investors. The financing will be conducted by that of BMO Capital Markets.

In total, the company will look to raise gross proceeds of up to $30.0 million via the sale of its equity directly on the market at prevailing market prices. The company has attempted to position the financing as providing “additional financing flexibility should it be required in the future.” Shares are to be sold primarily on the Toronto Stock Exchange under the financing.

The program is effective as of March 3, and has a currently stated expiry of the earlier of March 24, 2023, or the issuance and sale of $30.0 million in common shares. Proceeds are to be used for working capital, capital expenditures, the repayment of debt, and general corporate purposes.

The announcement follows the news that the company closed a bought deal financing for $29.5 million just two weeks ago.

The Supreme Cannabis Company last traded at $0.28 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

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

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

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

Supreme Cannabis Sees Oil Sales License Awarded, Insider Sales

Blissco, a subsidiary of The Supreme Cannabis Co (TSX: FIRE) was awarded an oils sales...

Sunday, October 6, 2019, 06:17:39 PM

Supreme Cannabis Reports Revenues of $19.0 Million for Fourth Quarter

The Supreme Cannabis Company (TSX: FIRE) announced its fourth quarter financial results this evening, recognizing...

Tuesday, September 17, 2019, 06:13:55 PM

Supreme Cannabis Revenues Drop 40% to $11.4 Million

The Supreme Cannabis Company (TSX: FIRE) filed its first quarter 2020 financials after the bell...

Thursday, November 14, 2019, 05:09:46 PM

Supreme Cannabis Sees Revenues Decline 22.6% To $13.6 Million In Q3

Supreme Cannabis (TSX: FIRE) last night reported its third quarter 2021 financial results, reporting net...

Friday, May 14, 2021, 07:27:08 AM

Stifel Reinitiates Coverage On Eight Cannabis Operators

Earlier this week, Stifel released a new report on cannabis operations, focused predominantly on US-based...

Friday, July 24, 2020, 03:30:00 PM