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and stock. 1 million cash and stock(details being worked out)
Based off looking at pictures side by side with whats already been posted on the website. The company has already been to the location. Because the pictures in the shareholders update the plants are bigger then the ones originally posted on the website.
THIS IS HUGE!!!! Pics posted of site visit!!! We are GOLDEN!!
http://www.supremepharmaceuticals.com/images/pdf/management_updates/Management_Update_Brochure_2014_04_04%20.pdf
How to Time the Due Diligence Phase in an M&A Deal
By Bill Snow from Mergers and Acquisitions For Dummies
In theory, due diligence in the M&A process should take no longer than 60 days. When buying or selling a business, you want to close a deal as soon as possible. You should not submit or agree to a letter of intent (LOI) with a longer time frame.
In reality, however, the due diligence phase can take longer than 60 days. In most cases, the delay is the fault of the Seller, who’s often slow in getting information out. Seller needs to have all the due diligence materials prepared and ready to provide to Buyer as soon as both sides sign the LOI.
Regardless of whether you’re buying or selling, push hard for a 60-day due diligence period. Stay proactive with the process: Push and prod for information, and don’t be reluctant to pick up the phone and be a pain in someone’s side. However, other people don’t always work as fast as you’d like, so mentally prepare yourself for 90 days.
Sellers can’t be afraid to remind Buyers that due diligence is confirmatory in nature, meaning Buyer should spend the time confirming Seller’s information and not planning, creating, and combining the two entities. The Buyer should take care of post-closing activities after closing! Otherwise, due diligence will drag on longer than necessary.
The length of time for due diligence should coincide with the length of exclusivity laid out in the LOI because Buyer wants to avoid Seller being able to negotiate with other Buyers while due diligence is still under way.
http://www.dummies.com/how-to/content/how-to-time-the-due-diligence-phase-in-an-ma-deal.html
Supreme Extends Due Diligence Period
MARKETWIRE - CANADA 12:33 PM ET 4/4/2014
Symbol Last Price Change
SPRWF 0.055up +0.005 (+10%)
QUOTES AS OF 03:30:52 PM ET 04/04/2014
CALGARY, ALBERTA--(Marketwired - April 4, 2014) - Supreme Pharmaceuticals Inc.(SPRWF) (the "Company") (OTCBB:SPRWF) reports that the parties have extended the due diligence period in respect to the Company's peviously announced option agreement for an additional 7 business days until April 10, 2014. While due diligence results have been positive to date, the Company requires additional time to ensure the proper assessment of the South Okanagan producing facility before entering into the option.
President and CEO, David Stadnyk stated: "While we still believe this will be a positive transaction for the Company and its shareholders, these additional 7 days will give management the appropriate amount of time to make the best decision for the Company."
SUPREME PHARMACEUTICALS INC. (SPRWF)
David Stadnyk, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com. This News Release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Listed on the TSX Venture under the symbol ("SL")
FOR FURTHER INFORMATION PLEASE CONTACT:
Supreme Pharmaceuticals Inc.(SPRWF)
#772 Alastair Ross Technology Centre
3553 31st Street NW, Calgary Alberta, T2L 2K7
(647) 340-6744
info@supremepharmaceuticals.com
www.supremepharmaceuticals.com
Source: Supreme Pharmaceuticals Inc.(SPRWF)
Buys and sales on TSX:V Pretty heavy volume in the end at .06 in Canada people loading out there!
I cleaned up the important stuff on the data.
Price Size Mkt Time
0.06 500 TSXV 15:08:18
0.06 1,000 TSXV 15:08:18
0.06 6,000 TSXV 15:08:18
0.06 21,000 TSXV 15:08:07
0.06 50,000 TSXV 15:06:45
0.06 10,000 TSXV 15:03:23
0.06 500 TSXV 15:02:34
0.06 500 TSXV 14:45:23
0.06 4,000 TSXV 14:43:00
0.06 41,000 TSXV 14:43:00
0.06 5,000 TSXV 14:43:00
0.06 2,000 TSXV 14:26:43
0.06 45,000 TSXV 14:18:33
0.06 5,000 TSXV 14:18:33
0.06 27,000 TSXV 14:17:49
0.06 30,000 TSXV 14:17:49
0.06 25,000 TSXV 14:17:49
0.06 7,000 TSXV 14:17:49
0.06 18,000 TSXV 14:06:58
0.06 12,000 TSXV 14:06:58
0.06 20,000 TSXV 13:36:25
0.06 8,000 TSXV 13:34:27
0.06 12,000 TSXV 13:34:27
0.06 30,000 TSXV 13:31:58
0.06 5,000 TSXV 13:12:17
0.06 5,000 TSXV 13:12:17
0.06 933 TSXV 13:04:48
0.06 10,000 TSXV 12:56:51
0.06 28,000 TSXV 12:56:42
0.06 5,000 TSXV 12:56:42
0.055 50,000 TSXV 12:40:18
0.055 10,000 TSXV 12:40:18
0.055 11,000 TSXV 12:40:18
0.055 1,000 TSXV 12:40:18
0.055 4,000 TSXV 12:32:35
0.06 18,000 TSXV 12:15:40
http://www.stockhouse.com/companies/level2/v.sl/supreme-pharmaceuticals-inc
It's trading in Canada pretty strong with lower volume then yesterday. We have practically no volume on the US side and are holding well. Calm before the storm people are sleeping on this company. More leverage for me to buy one more time.
Yup, I believe they are finalizing over the weekend. Gotta review everything especially with this type of market where every word in a news release is heavily scrutinized thankfully we don't have brain dead CEO. He's writing sheet music as we speak.
Yes, all contingent on news. This is a ticking time bomb right now. Ready for some explosive news.
It will be a great day tomorrow. Sprwf running its own show about to start very soon.
They just bottling up the lightning until all is ready.
Agreed sprwf isn't a one trick pony. There is a stable of acquisitions that will be in the works.
The CEO is smart he did a slow and steady pr push through shareholder update on March 26th and the visiting of the operation in question of acquisition on April 1st. There will be good news. They are formalizing to the retail investors here like me and you the intentions that should have happened two weeks ago. This gives the company a greater exposure with more retail involved in this venture they are undertaking. Sprwf will be creating some major shareholder wealth for all involved. The insiders own 9% of the company.
It doesn't matter at this point we locked and loaded! When the news goes the money will be flowing through here like its Christmas in Spring!
From stockhouse article very telling!
Supreme Pharmaceuticals (TSX:V.SL, Stock Forum) dropped a half cent today, which comes to an 8.3% drop. Not statistically significant, but with 6.7 million shares traded, there’s a lot of coming and going on that stock. Someone is happily buying almost everything being sold.
Read more at http://www.stockhouse.com/news/natural-resources/2014/04/02/medical-marijuana-update-chlormet-opens-up-growlife-fumbles-results#fdXAuD10iTSqHRyM.99
Discount sale almost over.
RSI is in the 40's we held up quite well through this deflation of volume. This will be the play of the year!
These are normal swings prior to news. They gave us an outline of 10 days updated us two days ago. They've given us plenty of updates it will happen. You gotta remember you don't actually profit/lose until you sell it.
Just a little longer and the fireworks begins. This is a diamond in the rough. CEO is just making this diamond bright and shiny for the news soon.
For a mmj grow op sprwf is highly undervalued. News will confirm shortly.
Bro this is a front runner in mmj Canada once we get news. Kaboooom!!
Nice all these little babies with their lunch money are gonna be really crying tomorrow.
Your bashing skills lack any quality.
Lol wow seriously? Just sell and move on if you can't handle the ups and downs before the news. Set a sell order at .061 someone will eat those up once news release hits.
Lol go sell now please I will buy it at bid.
VRCH mmj low floater 9 million!!!
Lol stay on course. You can't refute the facts. This is about sprwf!
Lol get real this a message board. This platform is used to help make finding information more accessible. One thing about marketing if you see the image it is ingrained once this blows up. That ingrained image will have to be hit by slapping the ask for the sideliners.
You own this company? You should be selling it too! I sell stuff I have passion about and this is one of those things. I want to see my family prosper. The stock market is a very big place this needs as much exposure as possible. It is my duty to share. Good luck to you better luck to me!
The volume here hasn't even started once news comes and we hit 10-20 million volume say good bye to .10
Wallstreet journal article on update of mmj facility acquisition.
http://online.wsj.com/article/PR-CO-20140401-907954.html
On the twitter page sprwf specially hash tags #medical devices. We will have a vape in the works!
Management update 3/26/2014
Very exciting!
To all of our shareholders, followers, and stakeholders, we welcome you to the community at Supreme Pharmaceuticals. We are excited to publish our first of many to come "Management Updates" in an effort to interact with you.
Many of you have noticed the recent halt on the stock and have expressed either concern or excitement. So what does this mean for the company?
At Supreme, we want you to know that management is not concerned about the brief halt that the company experienced. In the long-term we believe it will have little bearing on us and certainly will not hinder the future development of the company or it’s current ventures.
We have had an intense and news-filled past few days; we are happy that you have been able to share them with us. Medical Marijuana, in conjunction with our pursuit of medical devices, has brought a wealth of new attention to the company that we are excited about.
The company has been the largest traded stock in terms of volume on the Toronto Stock Venture Exchange (TSX.V) multiple times recently, and was once again yesterday as per this link to Stockhouse: http://www.stockhouse.com/markets/stocks/tsxv (link will expire at the end of the trading day Wednesday March 26th, 2014). We believe this is extremely positive news for us.
To our investors and stakeholders: We thank you for your continued support. As always we will aggressively pursue opportunities that provide long-term shareholder value. Currently, that means securing a medical device, completing the due diligence on our current purchase option agreement for a producing medical marijuana facility, and applying for a MMPR commercial licence. We believe these ventures will bring the most value to our company.
If you have any questions or would like to speak with us please reach out, as we would like to hear from all of you.
To the future of Supreme and many more Management Updates,
Management
Contact info is attached in header.
Note: This is not a news release and should not be treated as such; it is for the purpose of engaging with our community.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com. This News Release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
http://www.supremepharmaceuticals.com/index.php/corporate/management-updates/21-management-update-march-26th-2014
Sprwf has almost 2k followers on twitter in just 1 week!
https://mobile.twitter.com/supremepharma
I'm hoping prior to news we will be right around .06 to .065. Then the news hits we go to .14. We get halted then open back up at .21.
I've added here at 7 different times paying over 400.00 in fees just to get my feet wet here. I truly believe this company will be going green for a long time.
I have told my whole family to invest here. This has the most reward of all mmj companies this year!
Nice top 5 in active and posted. I did my fair dd for the undecided. I like to help people make money. Gotta pay it forward!
That's fine this isn't for the weak.
Sprwf trades in Toronto exchange ventures