NetworkNewsBreaks – Supreme Cannabis Company Inc
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Posted On: 09/09/2020 3:21:17 PM
NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Effects Debenture Amendments
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that the previously disclosed amendments to the terms of its outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018 have been effected. According to the update, the company, in consideration of the reduction of the principal amount of the debentures by $63.5 million, among other considerations, issued an aggregate of 116.6 million common shares and $10,769 principal amount of accretion debentures to debentureholders. In addition, the company entered into a supplemental trust indenture to implement the amendments.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that the previously disclosed amendments to the terms of its outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018 have been effected. According to the update, the company, in consideration of the reduction of the principal amount of the debentures by $63.5 million, among other considerations, issued an aggregate of 116.6 million common shares and $10,769 principal amount of accretion debentures to debentureholders. In addition, the company entered into a supplemental trust indenture to implement the amendments.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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