- Supreme
Cannabis continues to identify new opportunities to build innovative
cannabis businesses
- The
company’s 7ACRES subsidiary operates a 440,000 sq. ft. cultivation
facility
- Supreme
Cannabis’ goal is to become the leading producer of premier commercial
cannabis
The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF)
(FRA: 53S1) concentrates on building innovative cannabis businesses around the
world. A global movement headquartered in Toronto, Ontario, Canada, the company
established 7ACRES as the first licensed producer focused on growing
high-quality cannabis in large quantities. The 7ACRES licensed producer
subsidiary operates a 440,000 sq. ft. facility in Kincardine, Ontario. On March
11, 2016, 7ACRES was federally licensed to produce (http://ibn.fm/WOiwo).
Supreme Cannabis developed 7ACRES’ state-of-the-art
greenhouse, technology and thorough cultivation practices to enable 7ACRES to
grow premier cannabis sustainably and at scale. 7ACRES is the largest facility
of its type to engage in growing with advanced HVAC (heating, ventilation and
air conditioning) and CO2 enrichment utilizing the full-spectrum sun instead of
limited-spectrum lamps. What results in the final production is indoor-quality
buds with sun-grown characteristics, as the greenhouse is essentially an indoor
facility with skylights.
7ACRES is on course to becoming Canada’s foremost cultivator
of consistently first-rate commercial cannabis. 7ACRES leverages a customizable
cultivation program and a proprietary drying technology. In addition, it
features a hybrid manual finish encompassing automated trimming and hand
trimming.
For early this year, the estimated production run rate at
7ACRES is 50,000 kg at full capacity. As of September 1, 2018, the annual
production run rate was 13,333 kg (http://ibn.fm/d9pDN). 7ACRES concentrates on the high
margin segment of the market and is listed as a premium product by all Canadian
provinces.
Supreme Cannabis Company has partnerships with a number of
Canadian cannabis firms (http://ibn.fm/H7BY8).
These include Aurora Cannabis, Emerald Health Botanicals, Namaste and Zenabis,
among others. These partners are some of Canada’s top cannabis retailers.
Supreme Cannabis also focuses on high-quality investments.
The company has an equity interest and distribution agreement with Medigrow Lesotho
(PTY) Limited (http://ibn.fm/3mzs0).
With this distribution partnership, cannabidiol oil will be exported to Canada
and other global markets in the European Union (EU) and South America.
Recently, Supreme Cannabis Company announced its reception
of conditional approval from the Toronto Stock Exchange (TSX) to uplist from
the TSX Venture Exchange (TSXV) and list its common shares on the TSX (http://ibn.fm/q3k22). With the
completion of the final listing requirements, Supreme Cannabis Company’s common
shares will be delisted from the TSXV and will begin trading on the TSX under
the symbol ‘FIRE’.
In a news release, Navdeep Dhaliwal, Supreme Cannabis
Company’s chief executive officer, said, “Graduating to the TSX will broaden
our investment appeal and leave us well positioned to execute on our strategic
imperatives for 2019, which is why we’re pleased to add this milestone to our
list of accomplishments for the year.”
Supreme Cannabis Company offers investors the opportunity to
grow with them as they work to identify new opportunities to build unique
cannabis businesses. With a vision to become an international leader in
cannabis, the company is focusing on continuous growth via research and
innovation. With its 7ACRES brand named ‘Brand of the Year’ at the 2018
Canadian Cannabis Awards (http://ibn.fm/WFn55),
Supreme Cannabis is positioned for new heights in the cannabis industry.
For more information, visit the company’s website at www.Supreme.ca
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