In the last trading session, the stock price of Supreme Pharmaceuticals Inc (CVE:FIRE) gained around 1% to close the day at $1.23. The gains came at a share volume of 244,720 compared to average share volume of 683,119. After the recent gains, the market cap of firm stands around $231 million. The trading in stock of Supreme on TSX Venture exchange was stopped by IIROC on June 16, which majorly was an outcome of a pending news from the firm. The stock trades under the ticker “SPRWF” on OTC Marketplace. Trading of stock on TSX exchange was resumed in the last week of June.
IIROC has an option to halt trading in a security temporarily, usually when some material news report is expected to be released by a company. These suspensions are issued depending on the notion that all shareholders have the right to get equal timely access to key information. IIROC marks as the self-regulatory firm which looks after trading activities and investment dealers on both equity as well as debt marketplaces in Canada.
Earlier, Supreme Pharmaceuticals posted that it has obtained permission from the TSX exchange to list its stock. Subsequent to this nod, the company’s stock commenced trading on the popular TSX.V platform under the ticker “FIRE”. The stock was listed on the TSX platform in the first week of June. As the company’s stock got listed on TSX.V, they were delisted from another Canadian exchange, CSE, at the close of day on June 5, 2017.
John Fowler, who is the CEO of Supreme, expressed that this shift from the CSE platform to the TSX.V exchange marks an achievement in their progress as a leading firm in the industry. Since they launched their operations in 2013, they have worked arduously to come in the list of leading growers of premium cannabis yielded on a commercial scale in Canada.