Supreme Cannabis Prices $20 Million Overnight Marketed Public Offering – World News Report

/EIN News/ — Not for distribution to U.S. news wire services or dissemination in the United States.

TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) — The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today the pricing of its previously announced overnight marketed public offering (the “Offering”) of units of the Company (“Units”) at a price of $0.19 per Unit. The underwriters for the Offering have agreed to purchase 105,260,000 Units from the Company for total gross proceeds of approximately $20 million.

Each Unit will be comprised of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant of the Company (each full common share purchase warrant, a “Warrant”). Each Warrant will be exercisable to acquire one common share of the Company (a “Warrant Share”) for a period of 36 months following the closing date of the Offering at an exercise price of $0.23 per Warrant Share, subject to adjustment in certain events.

BMO Capital Markets is the sole bookrunner for the Offering. The Offering is expected to close on or about January 29, 2021, and will be subject to market and other customary conditions, including approval of the Toronto Stock Exchange.

In addition, the Company has granted the…

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/EIN News/ — Not for distribution to U.S. news wire services or dissemination in the United States.

TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) — The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today the pricing of its previously announced overnight marketed public offering (the “Offering”) of units of the Company (“Units”) at a price of $0.19 per Unit. The underwriters for the Offering have agreed to purchase 105,260,000 Units from the Company for total gross proceeds of approximately $20 million.

Each Unit will be comprised of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant of the Company (each full common share purchase warrant, a “Warrant”). Each Warrant will be exercisable to acquire one common share of the Company (a “Warrant Share”) for a period of 36 months following the closing date of the Offering at an exercise price of $0.23 per Warrant Share, subject to adjustment in certain events.

BMO Capital Markets is the sole bookrunner for the Offering. The Offering is expected to close on or about January 29, 2021, and will be subject to market and other customary conditions, including approval of the Toronto Stock Exchange.

In addition, the Company has granted the…

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