- Supreme
Cannabis’ mission is to grow the world’s best cannabis and become a leader
in the industry
- The
company has its “7ACRES” modern grow facility
- Supreme
Cannabis recently reported its Q1 financial results
Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF)
(FRA: 53S1) engages in the production of medical cannabis in Canada. Its
corporate mission is to grow the world’s best cannabis and become a leader in
the global industry. The company formed 7ACRES as the first licensed producer
centered on growing high-quality cannabis in high quantities. Supreme Cannabis
Company is headquartered in Toronto, Ontario.
Ever since 7ACRES was federally licensed to produce on March
11, 2016, Supreme Cannabis has been pursuing its mission of becoming the
foremost international cultivator of cannabis. The company is proficient at
cultivating high-quality cannabis at scale. Since 2014, Supreme has been at the
center of the cannabis space in pursuit of the significant opportunity in
cannabis, rooted in Canada, with global opportunities on the horizon as well.
Regarding its 7ACRES initiative, Supreme’s state-of-the-art
greenhouse, technology and careful cultivation practices underwent development
to enable 7ACRES to grow high-quality cannabis sustainably and at scale. 7ACRES’
hybrid greenhouse is located in Kincardine, Ontario (http://ibn.fm/HEBb2). This is a
340,000-square foot facility. Here, indoor-quality buds are produced with
sun-grown characteristics.
7ACRES’ facility is the largest of its type to grow with
advanced HVAC and CO2 enrichment utilizing full-spectrum sunlight. This is
instead of the limited-spectrum lamps used by numerous hybrid growers. 7ACRES
has a current capacity of 13,333 kilograms of dried cannabis annually. Plans
are to boost production by mid-2019 to a rate of 50,000 kilograms
annually (http://ibn.fm/LRY91).
Supreme Cannabis employs a supplier/distributer/retailer
model. This model allows the company to concentrate on its pursuit of the best
cultivation practices and plants without the requirement to invest in
packaging, retail, physician education or clinics. This model ensures that
Supreme can focus on cultivating craft quality cannabis at commercial scale.
Recently, Supreme Cannabis announced record revenues for Q1
2019 (the three months ended September 30, 2018). Revenue for Q1 was $5.14
million. This represents a 229 percent increase from Q1 2018 ($1.56 million)
and a 45 percent increase from the prior quarter ($3.55 million). Moreover,
after Q1 2019, Supreme made first shipments of 7ACRES-branded high-end cannabis
to six of Canada’s provincially regulated adult-use channels (http://ibn.fm/ZHsmO).
Navdeep Dhaliwal, Supreme Cannabis Chief Executive Officer,
said in a news release, “Supreme Cannabis’ results in the first quarter mark a
solid beginning to a historic year in a competitive, dynamic and rapidly
evolving marketplace. Q1 2019 results are continued validation for the
successful execution of our strategy for our 7ACRES business to establish a
competitive advantage in quality driven regulated cultivation at scale.”
As legalization grows beyond Canada, Supreme Cannabis plans
to continue to identify new prospects to build unique cannabis businesses
worldwide. Its 7ACRES is on course to become Canada’s leading cultivator of
consistently first-rate commercial cannabis. The company will use this as a
springboard to increase its portfolio of companies and offer growth
opportunities to shareholders looking to embrace all that the cannabis sector
offers.
For more information, visit the company’s website at www.Supreme.ca
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