- Effective
February 4, Supreme Cannabis securities began trading on the Toronto Stock
Exchange
- Supreme
is focusing on pursuing opportunities in the emerging global cannabis
market and generating sustainable growth
- Supreme’s
wholly owned subsidiary, 7ACRES, cultivates craft-quality cannabis on a
commercial scale
The Supreme Cannabis Company Inc. (TSX: FIRE) (OTC: SPRWF)
(FRA: 53S1) has started trading on the Toronto Stock Exchange (“TSX”).
Effective February 4, the company’s listed securities began trading under
ticker symbols ‘FIRE’ and ‘FIRE.DB’ (http://ibn.fm/ENb2b).
This move is designed to support the company’s strategy of
targeting premium brands, leverage its coast-to-coast distribution in Canada
and aid in its expansion into the international cannabis market. The company
will also focus on generating sustainable growth. The company’s common shares
and senior unsecured convertible debentures due in 2021 were voluntarily
delisted from the TSX Venture Exchange when trading began on the TSX.
The move to the TSX comes as the company’s future looks
especially promising. Supreme estimates that its annual production target will
grow early this year to full capacity, from its current 17,500-50,000
kg. (http://ibn.fm/i8OMC).
The company is focused on penetrating the global cannabis market. Supreme sees
its marketing effort in Canada – where it has achieved national wholesale
distribution, operated retail stores and offers online availability – as
especially appealing to legal-aged cannabis enthusiasts (“LACE”).
The Toronto-based company plans to grow in what it sees as
an emerging global market and seeks to expand by satisfying the needs of LACE
consumers for premium cannabis. Supreme is focused on producing quality product
that commands higher price points than competitors. The company is deploying a
timing strategy of “first in, wins,” when it comes to national listing success.
Supreme’s wholly owned subsidiary, 7ACRES, operates a
440,000-square-foot facility in Ontario, where it cultivates craft-quality
cannabis on a commercial scale. The one-of-a-kind hybrid greenhouse uses
advanced HVAC and CO2 enrichment, combining the best practices of indoor
cannabis cultivation with the power of the sun.
In addition, Supreme has a long-term global distribution
partnership agreement with Lesotho-based Medigrow for the export of
medical-grade cannabis oil to Canada and other international markets.
For more information, visit the company’s website at www.Supreme.ca
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