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…