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Today is the day. Big benchmark for investor confidence. Good luck!!
Supreme Pharmaceuticals (CVE:SL) shares jumped on Thursday after the company said it will use the full seven business days of the extension it received to complete the due diligence on its proposed acquisition of a producing medical marijuana facility in the South Okanagan.
Shares climbed 15.4% in early deals this morning, to 7.5 cents on the TSX Venture Exchange.
The company said this means it will report news of a final decision regarding the acquisition on Tuesday, April 15.
In the statement released late Wednesday, it apologized to investors for the "misperception" from its prior press release that a decision would be made as of April 10.
It stressed that the due diligence process thus far has been "positive", and is moving ahead smoothly.
Supreme announced last month that it signed a conditional deal to buy a medical marijuana-producing facility for up to 12 months for a total of $1.0 million in cash and shares. If the due diligence is satisfactory, Supreme will make a $100,000 option payment, it said.
The medical marijuana business has been a booming sector for Canadian juniors lately, with one after the other making their way into the arena in preparation for a massive reform from the newly established Marijuana for Medical Purposes Regulations (MMPR).
The vendor of the optioned medical marijuana business is currently producing the drug under the old MMAP license, Supreme said, but it added that it has a realistic chance of acquiring a major MMPR commercial license from Health Canada given that it is an established business.
Get ready for a bounce play!!!
Green is good!
Can't wait to see power hour and the close! .07+!! Giddee up!
Now your tuggin' on my heart strings.. Nothin' like some high stakes black jack.. I'm all in :) SPRWF!! Yee ha
The share structure, business plan and CANADIAN WEED!! SPRWF is going to be epic! Trading like a champ on two exchanges. Dollar land baby!
I promise to hold till 1.00+ :)$$$$
Who would sell a dollar+ stock at .065.. ? Crazy.. But thanks for the shares!! Nom nom nom..
Good freakin morning SPRWF!! Forget penny land this is a dollar+ stock!! Long!
Share reduction has to happen. Or some record breaking revenues.
In on SPRWF.. Definitely looking to get in on others.
Now this is where we need to be!
Okidoki. I'm back in on this lotto play for a milli why not.. :)
Here is my theory.. American weed is still illegal at the federal level. (Yes, legal in some States).. The exchange is governed by the feds.. That said, if an American company is getting into the weed biz and lists on the exchange, the gov may have issues with that.. Just a thought.
I concur.. Canadian weed companies like SPRWF are the way ahead.. Until the Feds delist MJ as a schedule drug. IMO.. In fact we should start a Canadian MJ Play board..
Under a buck is a deal.
Giddee up! SPRWF! Green baby.
April 15. SPRWF!! I like the no BS PRs. We don't need any fluff here. This is going to fly!!
Not getting mine till at least a buck!
Patience young dragon fly.. SPRWF!!
All good. Long SPRWF!!
They are doing another period of DD. See PR for more info.
Keep your eye on the prize... Tweed currently trading at 4.05+... We could see a buck when this dd is over and we acquire the grow up. IMO! SPRWF!
Anything less than a buck is a discount. Make the shorties pay!
Cheers to a fantastic next couple of weeks!
Wow outstanding DD. I took a pretty serious position in this company and I getting more and more stoked each day! IMO we are in for dollar land with SPRWF. Long!
Outstanding post. We are headed in the right direction.
Not really sure how to take that news.. Maybe the offer was too low..
Come on green close!!
I think you got em' my second sell was at .11. Cheers and good luck.
Sweet i'm out.. Thanks!
There is your 7500 at .112.. Anybody else want to buy? I'm selling this POS
Stoked to see how TW_D is trading.. Lots of potential for SPRWF!
Well said. SPRWF long!!
Just too many shares out there folks.
I think I had 500 bucks in wine last week.. Blahaha
Tweed (TWD) will only be available on the TSX Venture Exchange.. You'll have to be a pretty savvy trader to get in at a decent level.
On the other hand, we have a ground floor opportunity to make some very good gains. Of course, this is dependent on news and follow through.
I'm long on this one. I like the management, their vision and personal history. I will say that I don't like the fact this stock is traded on two exchanges. I certainly wish we had all the attention. SPRWF!!
+ stock options playa
How? Why? Proof?