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I don't fully understand the hype but I welcome it since my average price is .038. Haven't been following much lately
.91 looking forward to tomorrow
here is the recovery
So you're basing it on a guess, ok
What makes you think an approval will not happen ever?
Took a small profit but couldn't get out completely, day job got in the way
I knew this would be a bad day to trade but i'm glad its sort of holding for now
I agree
This is an old video but it did pop up in my news list over the weekend. I guess they re-ran the story
SUPREME PHARMACEUT COM NPV (OTCMKTS:SPRWF) Due For A Bounce
https://insiderfinancial.com/supreme-pharmaceut-com-npv-otcmktssprwf-due-for-a-bounce
On June 1, 2017, SUPREME PHARMACEUT COM NPV (OTCMKTS:SPRWF) announced that it received final approval from the TSX Venture Exchange (TSX.V) to list the Company’s common shares on the TSX.V. The common shares began trading on the TSX.V at the opening of markets on June 6, 2017 under the symbol “FIRE”. In connection with listing on the TSX.V, Supreme’s common shares will be voluntarily delisted from the Canadian Securities Exchange at the close of markets on June 5, 2017. John Fowler, President and CEO, stated:
“The graduation from the CSE to the TSX.V is a milestone in our development as a company. Since we began our journey in 2013 we have strived to become one of Canada’s leading cultivators of high quality cannabis grown on a commercial scale. In 2015, we focused our business model on our strength in cultivation by becoming Canada’s first B2B focused Licensed Producer. Since then we have continued to invest in strengthening our core competency by focusing on continual improvement of our team, facility and cultivation practices. Our ticker symbol ‘FIRE’ embodies our passion for the cannabis plant and our commitment to quality. Our graduation to the TSX.V represents the next chapter of our growth.”
On June 13, 2017, John Fowler, President & CEO, Supreme Pharmaceuticals Inc. (FIRE) along with other members of the Company, joined Brady Fletcher, Managing Director, TSX Venture Exchange, to participate in the ceremonial opening of the market that all new companies that join the TSX Venture Exchange have the privilege of taking part in.
For those not familiar with the Company, Supreme is a Canadian publicly traded company committed to becoming a leading cultivator and distributor of sun grown cannabis through its wholly-owned subsidiary 7ACRES. 7ACRES is a federally licensed producer of medical cannabis pursuant to the Access to Cannabis for Medical Purposes Regulations operating inside a 342,000 sq. ft. Hybrid Greenhouse facility. The Hybrid Greenhouse combines the best technology of indoor production with the efficiencies and sustainability of a greenhouse, in a single large-format production footprint.
In other favorable news about the Company, Supreme Pharmaceuticals Inc announced on June 19, 2017 that its wholly-owned operating subsidiary, 7ACRES, had been granted permission to sell under the Access to Cannabis for Medical Purposes Regulations. Furthermore, Health Canada informed Supreme that the License will be amended in the near term in order to permit 7ACRES to sell cannabis seeds and clones to other licensed producers. Health Canada has removed the previous production and storage capacity of the License. Supreme is now permitted to store up to $150,000,000 worth of cannabis at any given time. In addition, the License term has been extended for an additional two years and the License is now valid until March 11, 2020. John Fowler, President and CEO, stated:
“We are pleased to be making progress with Health Canada. The forthcoming approval to sell cannabis genetics is one leg of our B2B sales model, allowing us to monetize our genetic inventory. As we await an update on the sales approval, we continue to cultivate and build our inventory in advance of sales-approval.”
SPRWF stock has been trading sideways between $1.00, and about $1.45 since the beginning of 2017. It has dipped below $1.00 in the last month or so. The stock is currently trading at $.80. Current market capitalization stands at CA$201.11million, on 187.96 million shares outstanding as of July 8, 2017.
There are a couple of items that need to be cleared up by the Company. First, the websites for both Supreme Pharmaceuticals Inc, and its subsidiary 7ACRES were either not functioning at the time of this article, or provided very limited information. Second, according to the latest financial reports dated March of 2017, the Company is yet to earn its first dollar of revenue. Yet, the corresponding balance sheet reports over CA$91 million in total assets, with CA$42.69 million in liabilities. Nothing wrong with a positive balance sheet, but “where’s the beef (revenues).” Investors will need to see revenues in order for SPRWF to garner any appeal as compared to other Canadian cannabis players already generating revenues. We will be updating our subscribers as soon as we know more. For the latest updates on SPRWF, sign up below!
Image courtesy of Sam Chua via Flickr
Disclosure: We have no position in SPRWF and have not been compensated for this article
lol I'm a little higher
$AAPH Looks like there's plenty waiting for you at .0013
$VTPI works for me
$VTPI not much buying but people are buying
Website is probably not a priority.
I think they are working the phones. We already have product and customers ready
We've been in this range since April with an average of 6 million shares in volume a day. Whether on the ask or bid someone is buying.
right there is a lot of bid support around .01
$VTPI 0.65 x .899
Vital Products, Inc. Acquires Combined USA Corporation (dba XCPCNL Business Services Corporation)
http://www.marketwired.com/press-release/vital-products-inc-acquires-combined-usa-corporation-dba-xcpcnl-business-services-corporation-otcqb-vtpi-2220095.htm
DALLAS, TX--(Marketwired - Jun 5, 2017) - Vital Products Inc. (OTCQB: VTPI) (the "Company") announced today that the Company has acquired Combined USA Corporation, dba XCPCNL Business Services Corporation ("XCPCNL") based in Dallas, Texas. XCPCNL provides payroll, benefits, hospitality, maintenance and personnel outsourcing services for its clients in Dallas, Texas, Orlando, Florida and Chicago, Illinois.
XCPCNL's annual revenue for the last fiscal year-end June 30, 2016 was $9,026,162. The Officers and Directors of XCPCNL are Irving D. Boyes, President & CEO and Marshal W. Dooley, Secretary & General Counsel.
For more information on XCPCNL, please visit: www.xcpcnl.com.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
We movin
We got that a year ago. We should already have buyers, or do you mean something else?
$SPRWF There are some people out there who think we might be overvalued
http://www.minyanville.com/business-news/markets/articles/2524FIRE-2524SPRWF-2523SupremePharma-2524ACB-2524EMC-2524OGI/6/29/2017/id/60327
This phrase can be applied to Supreme Pharmaceuticals (FIRE.V) (SPRWF) after its wholly-owned subsidiary, 7ACRES was granted permission to sell medical marijuana under the ACMPR.
Supreme is a publicly traded Canadian cannabis company focused on becoming a leading cannabis cultivator and distributor through 7ACRES, a licensed medical cannabis producer that operates inside a 342,000-sq. ft. hybrid greenhouse facility in Kincardine, Ontario.
A Long-Time Coming
In March 2016, Health Canada issued 7 Acres its cultivation license and the 16-month gap was by far the largest wait time for any ACMPR licensed producer.
Although the amount of time between license approvals was strenuous, it was not without cause and was not because of Health Canada.
First, 7 Acres cultivates from a seed which takes longer than a clone and adds several weeks to the grow process. And Second, the process was delayed when a nutrient the company uses was involved in a regulatory inquiry earlier this year.
Supreme is Now Larger than Cronos, Emblem, and Organigram
Is the news already priced into shares of Supreme or is there still upside to current levels?
We are cautious with Supreme at current levels as its market cap is north of $250 million. At these levels, Supreme is more than twice the size of Emblem Corp. (EMC.V) (EMMBF) and it is larger than Organigram Holdings (OGI.V) (OGRMF) and Cronos Group (MJN.V).
Although we are favorable on Supreme, we continue to prefer Organigram, Emblem, and Cronos.
Organigram was one of the first publicly traded licensed producers and its valuation is very attractive after a 23% pullback this year. Emblem is the most undervalued licensed producer and is an attractive play on the cannabis and biotech-cannabis markets. Cronos on the other hand offers investors leverage to a firm with a proven track record of success as well as an expanding global footprint.
Is the News Priced in or How High Can Shares Go?
Yesterday's license grant was significant and we will monitor how the market responds to this today. Supreme received a favorable response from the market after this news was announced and the shares jumped almost 9% higher (shares were down when it was reported).
I remember similar trading when we got the license to grow. It was a slow rise to these levels
congrats longs
Someone checking to see if we are alive?
You don't lose until you sell
You never know...
I don't think so until we get some big distribution news. Sounds like it could be soon
She should tell her buddies that
They would need to believe there is low risk
We won't know until an audit is complete. That might be necessary if we can't get over a penny afterwards.
Looks like the excitement and maybe even the flippers are officially gone.
Only the longs are left
I know etrade will let you do it but there is a large fee
Got a letter in the mail. Name change from Vital Products to XCPCNL Business Service Corporation and a decrease in authorized common stock from 1,000,000,000 to 250,000,000 effective June 30th pending approval from FINRA
You said Christie has done nothing. Looking my account, I disagree.
Not if you still own those shares
so what got us out of .000s?
10 DAYS since the last pr
but people on this board email him almost daily
I know right? 10 days without news.
The sky is falling
I want to frame and hang this on my wall
I want to buy more shares also