Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on
Monday announced the release of its financial and operating results for the
three and nine months ended March 31, 2019. “Our company is pleased with the
results of our third quarter financials and with the progress made thus far on
our strategic priorities for the 2019 calendar year. This quarter saw a marked
increase in revenue on both an annual and quarter-over-quarter basis. This
revenue growth was driven by an increase in our capacity at the 7ACRES
facility, a ramping up of our product packaging capabilities and, we believe,
consumer preference for high-quality cannabis,” Supreme Cannabis CEO Navdeep
Dhaliwal said in the news release. “As we report the company’s third quarter of
fiscal 2019, we reflect on our first six months of legal cannabis sales in
Canada. While Supreme Cannabis was originally viewed as a contrarian for taking
a consumer-oriented approach to the cannabis market, 7ACRES’ strong consumer
feedback, status as a top-ten revenue producer in the industry and recognition
as a coast-to-coast award-winning premium brand affirms that our approach to
the Canadian cannabis market is winning with the people who will drive revenue:
consumers.”
To view the full press release, visit http://ibn.fm/F0tgv
About Supreme Cannabis
The Supreme Cannabis Company is a global diversified
portfolio of distinct cannabis companies, products and brands. Since 2014, the
company has emerged as one of the world’s fastest-growing, premium plant
driven-lifestyle companies by effectively deploying capital, with an emphasis
on disciplined growth and high-quality products. Supreme Cannabis’ portfolio
includes 7ACRES, its wholly owned subsidiary and multi-award-winning brand;
Cambium Plant Sciences, a plant genetics and cultivation IP company; Medigrow
Lesotho, a cannabis oil producer located in southern Africa; and a brand
partnership and licensing deal with Khalifa Kush Enterprises Canada. For more
information, visit the company’s website at www.Supreme.ca.
NOTE TO INVESTORS: The latest news and updates
relating to SPRWF are available in the company’s newsroom at http://ibn.fm/SPRWF
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