Looks like some company insider's sold some options. Happens with huge spikes in PPS and new companies. Same just happened to IMLFF (InMed Pharmaceuticals).
Browsing through Supreme's SEDAR documents you'll find this...
Don't be surprised if this happens again. If the company has enough momentum it won't matter.
Since I'm interested in Supreme, I've taken the liberty to contact Supreme about the recent sell off to verify if this was indeed insider's exercising options. I'll let you all know if I hear anything back.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.