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Why Market Focus Is On Supreme Pharmaceuticals, Inc. (OTCMKTS:SPRWF)?

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The trading in stock of Supreme Pharmaceuticals, Inc. (OTCMKTS:SPRWF) on TSX Venture exchange was halted by IIROC on June 16, at the request of the firm pending news. The stock is listed under the ticker “FIRE” on TSX platform. Trading was resumed in the stock last week.

IIROC can take a call to impose a temporary halt on trading in a security, usually in expectation of a material news report by the firm. Trading suspension are issued grounded on the principle that all shareholders should have the equal timely access to vital firm information. IIROC is the self-regulatory entity which oversees all trading activity and investment dealers on equity and debt marketplaces in Canada.

The buzz

Earlier, Supreme Pharmaceuticals reported that it has received approval from the TSX to list the firm’s common shares. After the approval, the common shares commenced trading on the TSX.V platform from June 6, 2017 under the ticker “FIRE”. Pertaining to the listing on the TSX.V, the company’s common shares were delisted from the CSE at the end of session on June 5, 2017.

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John Fowler, the CEO and President of Supreme, reported that the movement from the CSE to the TSX.V is an achievement in their development as a firm. Since they started their journey in 2013 they have worked hard to become one of leading growers of high quality cannabis cultivated on a commercial scale in Canada.

A couple of years ago, the company focused its business model on its strength in cultivation by turning Canada’s preliminary B2B focused LP. Since then it has continued to strengthen its core competency by focusing on improvement of facility, team and cultivation practices. The ticker symbol ‘FIRE’ reflects Supreme’s passion for the cannabis crop and its commitment to quality. Its movement to the TSX.V from CSE highlights the next chapter of company’s growth.

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

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