Supreme Cannabis Company Inc. SPRWF Archives

TuesdayNov 17, 2020 11:39 am

QualityStocksNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Q1 2021 Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct businesses, products and brands, on Monday announced its financial and operating results for the three months ended September 30, 2020. “In the first quarter of fiscal 2021, we made solid progress towards our goal of transforming Supreme Cannabis into a premium cannabis CPG company. We continued to execute on our strategy of accelerating revenue and controlling our costs, which led to sequential growth in consolidated net revenue of 24%. Recreational net revenue grew slightly compared to the fourth quarter of 2020, due largely to higher…

ThursdayNov 12, 2020 1:53 pm

QualityStocksNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Announces Supply Agreement with Medical Cannabis by Shoppers

The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) will be providing its Truverra-branded medical cannabis products to patients across Canada. The company will be doing so based on a just-announced supply agreement with Medical Cannabis by Shoppers Inc., a subsidiary of Shoppers Drug Mart Inc. SPRWF’s Truverra products will be available through the Medical Cannabis by Shoppers(TM) online sales platform. A convenient and accessible source of medical cannabis, the platform offers patients a single-source access to a broad range of high-quality products. Using the platform, patients can find and order cannabis products that meet high quality and safety standards; the…

TuesdayNov 10, 2020 10:38 am

QualityStocksNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Reports Annual General Meeting of Shareholders Voting Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct businesses, products and brands, today announced detailed voting results from its 2020 Annual General Meeting of Shareholders that was held on November 9, 2020. Among other highlights, Michael La Brier, Beena Goldenberg, Jackie Poriadjian-Asch, Ronald Factor, Colin Moore and Kenneth R. McKinnon were elected to the company’s board of directors. The newly elected board members will serve until the next annual meeting of shareholders, or until their successors are elected or appointed. In addition, KPMG LLP were reappointed as auditors of the company to hold…

TuesdayNov 03, 2020 11:02 am

QualityStocksNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Schedules Release of Q1 2021 Financial Results, Conference Call

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct businesses, products and brands, today announced that it will be reporting its first quarter financial results for the three months ended September 30, 2020 after markets close on Monday, November 16, 2020. In addition, Supreme Cannabis will host a conference call to discuss the results at 8:00 a.m. Eastern Time on Tuesday, November 17, 2020. Interested parties may join the call by dialing 416-764-8659 or 1-888-664-6392 and entering conference ID number 67218125. The call may also be accessed through the following webcast link: https://ibn.fm/PSog8. To…

FridaySep 25, 2020 10:24 am

QualityStocksNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Q4 and Full-Year 2020 Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct businesses, products and brands, on Thursday announced financial results for the fourth quarter and full-year 2020. According to the update, the company established a platform for strong revenue growth and operational efficiency with a strengthened balance sheet. "Fiscal 2020 was an important transitional year for Supreme Cannabis where we streamlined our operations, reorganized our team, and expanded our portfolio of brands and products that will drive sustainable revenue growth," said Supreme Cannabis president and CEO Beena Goldenberg in the press release. "Looking into 2021, we…

TuesdaySep 22, 2020 10:24 am

QualityStocksNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Revision of Three-Year Term Credit Facility

The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct cannabis companies, products and brands, announced that it has amended its existing credit facility with its lenders; the original agreement was initially announced on Nov. 14, 2019. The new amended agreement notes that SPRWF has secured a 12-month deferral of its financial covenants related to fixed-charge coverage ratio and leverage to begin in the quarter ending March 31, 2022. The agreement also stipulates that new covenants regarding minimum liquidity and EBITDA will be tested in the interim. SPRWF has also agreed to a 75 basis…

WednesdaySep 09, 2020 11:09 am

QualityStocksNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Effects Debenture Amendments

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that the previously disclosed amendments to the terms of its outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018 have been effected. According to the update, the company, in consideration of the reduction of the principal amount of the debentures by $63.5 million, among other considerations, issued an aggregate of 116.6 million common shares and $10,769 principal amount of accretion debentures to debentureholders. In addition, the company entered into a supplemental trust indenture to implement the amendments. To view the full press release, visit http://ibn.fm/WnEEm About Supreme…

FridaySep 04, 2020 10:17 am

QualityStocksNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Scheduled Release of Q4 and Year-End 2020 Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), on Thursday announced that it will be reporting its fourth quarter financial results for the three months and year ended June 30, 2020 after markets close on Thursday, September 24, 2020. According to the update, the company will host a conference call to discuss the results at 8:00 a.m. Eastern Time on Friday September 25, 2020. Interested parties may join the call by dialing 416-764-8659 or 1-888-664-6392 and entering conference ID 36043231. The call can also be accessed through the following webcast link: https://bit.ly/2GffGyf. To view the full press release, visit…

WednesdaySep 02, 2020 3:08 pm

QualityStocksNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Announces Filing of Prospectus Supplement

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF), today announced that, further to the previously disclosed amendments to the terms of its outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018, it has filed a prospectus supplement that qualifies the issuance of up to 58,300,000 common shares of the company to holders of debentures (“debentureholders”) residing in eligible jurisdictions. According to the update, in consideration of the reduction of the principal amount of the debentures by $63.5 million, among other considerations, the company will issue an aggregate of 116.6 million common shares ("consideration shares") to debentureholders. Debentureholders residing in…

TuesdaySep 01, 2020 10:52 am

QualityStocksNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Announces ‘Extraordinary Resolution,’ Amendments to Debenture Terms

The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF), a Canadian cannabis company committed to identifying new opportunities to grow and strengthen its impressive portfolio, has obtained approval from debentureholders to partially convert and amend debentures. The company announced that holders of its outstanding 6% senior unsecured convertible debentures have approved an “extraordinary resolution” outlining amendments to the terms of the debentures, which were issued in October 2018. In part, those amendments include a reduction of the total principal amount of debentures outstanding from $100 million to $36.5 million; an extension of the maturity date of the debentures from October 19, 2021, to the date that…

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