Thursday, October 16, 2025

Latest

Supreme Cannabis To Raise $22.5 Million Under Bought Deal Financing

The Supreme Cannabis Company (TSX: FIRE) this afternoon announced that it will be raising $22.5 million via a bought deal offering. Lead by BMO Capital Markets, the offering is expected to close later this week.

Units will be sold at a price of $0.31 per each under the terms of the offering, with each unit consisting of one common share and one half of a common share purchase warrant. Each warrant is valid for a period of three years from the date of issuance, with an exercise price of $0.40 per share.

An over allotment option has also been granted in connection with the offering, valid for a period of 30 days following the close of the transaction.

Net proceeds from the financing are to be used to fund growth initiatives, strategic opportunities, along with working capital and general corporate purposes.

The financing is expected to close February 19, 2021.

Supreme Cannabis last traded at $0.35 on the TSX and remains halted, likely signaling an upsize to the financing.


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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

From Founder To Former: Severance In the Cannabis Sector

You’re only the worth the value of your severance package. Or at least, that’s what...

Thursday, January 9, 2020, 06:13:51 PM

Supreme Ships Truverra Product To Israel, Provides No Details

Supreme Cannabis (TSX: FIRE) has gone international. The company announced this morning that it has...

Thursday, April 2, 2020, 08:53:12 AM

Supreme Cannabis Files For $9.75 Million ATM Offering

The Supreme Cannabis Company (TSX: FIRE) this afternoon filed paperwork with Sedar indicating that the...

Friday, April 24, 2020, 02:26:33 PM

Dhaliwal Departs Supreme Cannabis, Moore Named as Interim CEO

The Supreme Cannabis Company (TSX: FIRE) appears to have a slight leadership problem. Following the...

Monday, January 6, 2020, 08:26:36 AM

Supreme Cannabis To Be Acquired By Canopy Growth For $0.44 Per Share

Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) is apparently still heavily focused on the Canadian...

Thursday, April 8, 2021, 08:29:07 AM