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The Supreme Cannabis Company, Inc. completes $25.9 million overnight marketed public offering

Date closed: 2/19/2021

Transaction Value: $25.9 million

On February 19, 2021, The Supreme Cannabis Company, Inc. (Supreme Cannabis or the Company) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) completed its bought deal public offering (the "Offering") of 83,490,000 units of the Company for aggregate gross proceeds to the Company of $25,881,900, including the full exercise of the over-allotment option granted to the underwriters in connection with the Offering.

The Offering was conducted by a syndicate of underwriters led by BMO Capital Markets and including Stifel GMP, ATB Capital Markets Inc., Cormark Securities Inc., Eight Capital and Raymond James Ltd.

Supreme Cannabis, headquartered in Toronto, Ontario, is a global diversified portfolio of distinct cannabis companies, products and brands.

BLG represented Supreme Cannabis with a team led by Andrew Powers that included Cameron MacDonald.