• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

Canaccord to Lead Syndicate for Supreme's $30 MM Bought Deal

October 17, 2017


This morning, Supreme Pharmaceuticals Inc. (TSXV:FIRE) announced that it entered into an agreement with Canaccord Genuity Corp. (TSX:CF), as lead underwriter on behalf of a syndicate of underwriters, in which the underwriters have agreed to purchase, on a bought deal, private placement basis, $30,000,000 CAD aggregate principal amount of convertible debenture units at a price of $1,000 per convertible debenture unit.


Each convertible debenture unit will consist of $1,000 CAD principal amount of 8.0% senior unsecured convertible debentures and 313 common share purchase warrants of the company. 


The convertible debentures will bear interest from the date of closing at 8.0% per annum, payable annually in arrears on December 30, 2018 and thereafter semi-annually on the last day of June and December in each year and will mature two years following the closing of the offering.


Additionally, the underwriters will have an option to acquire up to 4,500 additional convertible debenture units, each having the same terms as the convertible debenture units above.


For more information regarding the convertible debenture units, be sure to check out the full release here


To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters. Also, connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram!



Please reload

Please reload

Please reload


© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.