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ASK is super thin on SL, lets hit .17
Years end! another 3 months
that is what is happening IMO. CEO and employees have been doing just fine waiting for the inspection, huge salaries(for a company that makes $0) and selling free shares. Remember the layoffs, that lasted what 3 weeks?
Seriously, where is Supreme at with HC?? I thought in June, HC was reviewing their application per July monthly progress report??? Still no inspection has been scheduled? but of course 5 million more shares were added to O/S
Supreme prolly has 3 more PPs before an inspection is scheduled
I doubt this ever sees .3 again. even if they can grow nobody believes in the CEO.
We need to get back in the .10s bad and hold
We need volume bad today!
And hopefully monthly progress report has an inspection date but I doubt it.
Even if it says we have a inspection date, with no specific date given im fine wit that.
Canaccord Genuity Corporation is just dumping shares today
nice volume today so far
Why cant he buy shares in public market?
I think he gave himself those shares.
ASK is so thin, SL could go up with some buys
Something that I believe he knew, and had no problem cashing ridiculous paychecks and sold plenty of free shares
All he knows what to do is PPs. Hes good at that. All that money he raised with PPs could have went to something else while they waited for HC. Maybe something that makes a buck
If he had money invested in this, im sure he would have been doing a lot more. All he has done is say waiting on HC. Remember he said 4-6 weeks in December.
Look how many shares he sold, you think anyone wants to invest in this when the CEO and other employees are selling any chance they get
Everytime he has sold, pps was followed up with red days
Fowler destroyed this stock
SL is looking bad, bid support wise
U miss all the sells? and that's only recent, look at all the red Xs on the top, those were sells
Fact: Roughly $2.5million in private placements and Debt settlements while company has waited for HC
Where did all this money go? Facility is already to HC standards? Plus all the insider sells
$2.4 million in PP since Fowler has been CEO and HC has already been notified facility is ready for inspection
684k
http://www.cnsx.ca/cmsAssets/docs/Filings/2015/2015_08_05_15_20_46_SL_Supreme_Closes_Private_Placement_.pdf
1.465M
http://www.cnsx.ca/cmsAssets/docs/Filings/2015/2015_04_24_11_44_20_SL_Supreme_Completes_$1465M_Private_Placement_.pdf
258k
http://www.cnsx.ca/cmsAssets/docs/Filings/2015/2015_01_23_13_16_36_SL_Supreme_Closes_Private_Placement.pdf
He says inspection is right around the corner everyday since Dec!! He is a Bullsh*tter
He collects a huge paycheck and sells free shares, while he plays on social media everyday
Why would HC all of sudden do a inspection? why didn't they do it in Jan?
If we were pre-rollback PPS would be .02!!!! lmfao
Why would HC give this scam a license???? SO after 8 months you think HC is going to be like I think its about time to do a inspection and let them grow. Nope, they knew something wasn't right with this company. They knew they have no intentions of growing MMJ, just spend investors money and then go bankrupt
Huge PP dumping again. Nobody wants to hold these shares
Getting a license is a fantasy, This was all a charade by fowler to sell free shares and collect a huge paycheck
When the CEO has nothing invested watch out, I learned my lesson
R supreme employees getting paid right now?
Supreme will be lucky to get one seed in the ground in 2015
If that is really even there intentions
So true, inspection is highly unlikely at this point
CEO continues to dump shares
When is the inspection happening? never i assume? im so glad sumpreme employees are back, they were gone for what a month? lol this company has destroyed investors money
most warrants are at .50 so what r u talking about?
the recent ones wont be tradable til august
Hopefully that means HC is ready to do an inspection on Supreme. Supreme has waited long enough
Still crazy want Supreme management has made($$) during this wait, that is the reason for all this dilution
That is why I am extremely pissed about the situation, SL employees were being paid as if the company was making millions a year when in fact they were doing shit(because they were waiting for HC to inspect)
What the hell were they doing this past 6 months to warrant being paid that high??? they were prolly going on FB everyday
it already has... and all the warrants are still out there, so if pps did rise warrants will hit the market fast
Think about how crazy this is.. How can any company survive??? really, HC wants this perfect facility and it has to sit there for monthssssss or years til they inspect it.
Ill be shocked is supreme ever gets inspected, they will run out of money before HC inspects them
Supreme should start taking offers from tweed or bedrocan seeing as they are the only ones who know how to deal with HC. PPS would prolly go up if tweed or bedrocan bought SL's facility because it would actually get inspected and weed would start growing.
With supreme not being able to secure a inspection date, serious concerns that they willl even be able to put out a product.
this all could have been a scam to create jobs so all the ammcan employees could get salaries while they "wait" on HC who is never coming
now they arentt getting salaries, their millions of shares will be hitting the market
Ya if they ever do become unrestricted shares will be .0001 at that point.
Has anyone been able to trade any of these restricted shares? If so how did they do so?
Great article! Thank you for the read!!
Everyone should read this:
http://www.pumpsanddumps.com/2015/04/fitx-postmortem-bill-chaaban-digs.html
Fowler keeping his word, he said that this would happen if inspection was delayed
So fowler isnt lying which is one bright spot
Also 14june will be 6 months so hopefully HC inspects by then. We waited this long, we just gotta hold alittle longer, things should get interesting soon
NEWS: Kincardine medical marihuana facility layoffs come after five months of waiting on Health Canada federal inspections
Kincardine’s medical marihuana facility has laid off its 15 workers, and management will continue to operate at zero salary while they await a Health Canada inspection of the completed facility.
Advanced Medical Marihuana Canada (AMMCan), a subsidiary of Supreme Pharmaceutical, has spent over $500,000 in upkeep costs since Dec. 12, 2014, when it informed the federal government that renovations were completed and it was ready for inspection of the pharmaceutical marihuana facility at the Bruce Energy Centre, off Bruce Road 20 near Lake Huron.
AMMCan president Peter Herburger said they had hoped inspections would have come sooner within the estimated six-month window for inspections, so after five months of waiting the company is tightening up financially until inspectors arrive.
Herburger said he explained the situation to his “family” of workers, of which a number of senior staff will stay on at no cost until inspectors arrive.
“We’re extremely disappointed in having to take the actions we did,” Herburger said. “The process of obtaining our license to grow and sell medical marijuana has taken much longer than anticipated. Having said that, these layoffs are temporary and we remain dedicated to the Kincardine area and our mission as a company.”
Having been in contact with Health Canada officials a number of times in the past few months, Herburger said although they’re ready for production, there are many companies waiting on the federal government’s approval.
“I expect Health Canada is overwhelmed with the sheer amount of applications and that is the reason for the delay,” Herburger said.
Huron-Bruce MP Ben Lobb said Health Canada public servants are dealing with about 1,300 similar applications and said AMMCan is still within the four to six month timeline for inspection.
“That’s what takes up the department’s time, there are only so many inspectors and they’re doing their best,” he said. “(AMMCan) knows the timeline. But I’m pretty confident they’ll get their inspection in the near-term.”
Lobb said he’s been in regular contact with AMMCan staff, has visited the facility “a couple of times” and was sympathetic to their concerns.
“The facility is great,” Lobb said. “We’ve done all we can. It’s in the hands of the public servants at Health Canada.”
Of the entire 340,000-square-foot facility, AMMCan has prepared about 16,000-square-feet of growing area in ‘Phase Zero,’ which currently sits empty, glowing white and sitting in state.
“When we pass the inspection we’ll be able to start growing,” he said.
With another 40,000-square-feet used for offices, a production and processing area, product vault and shipping across multiple levels of internal and external security, the company has transformed the former produce greenhouses into a medical-grade production facility.
“We are literally a pharmaceutical place now, we’re no longer a greenhouse other than we have glass on the roof,” Herburger said.
The layoffs were necessary as part of their financial restraint, considering the four-month growing period required after their inspection is approved to produce their first crop, Herburger said. The product will then need to be inspected in a lab for quality, purity and potency as the final point of the seven-step process that began in early 2014.
“We have to make sure our product is 100% safe, so no contaminants of any kind,” he said. “We have to be 100% sure we know how much we grow, how much we have, how much we sell and where it goes. So it is literally, every step of the process is 100% documented.”
Only after the product is tested will AMMCan secure a “license to sell.” After that point, Herburger said they expect the facility to be inspected monthly to ensure security, safety, record keeping and facility upkeep is met and regulations continue to be followed and kept up to date.
“So the whole system of being able to grow, produce and sell, everything involved we are ready,” he said. “A very heavy weight is on security, record keeping and safety.”
The first batch of medical-grade marihuana is expected to be about 50kg for federal testing. Once into full production, the facility will have about 20 staff producing about 6,000kg of marihuana a year at ‘Phase Zero’. ‘Phase 1’ would increase the facility by 80,000 square feet,’ with Phases 2-4 increasing the building envelope as years progress, employing upwards of 100 people at peak.
“It’s not about if Health Canada will come, it’s when,” said Herburger. “We firmly believe in this project. We plan on being a major employer in this area for many years to come.”
http://www.shorelinebeacon.com/2015/05/11/kincardine-medical-marihuana-facility-layoffs-come-after-five-months-of-waiting-on-health-canada-federal-inspections
This wont be Supreme as they still need inspection
You're kidding me right?!!? that you have any inside to HC
Supreme trades on CNSX a CAnadian exchange