Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this
morning announced its entry into a definitive arrangement agreement with
Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B). Under the
agreement, Supreme Cannabis will acquire all of the issued and outstanding
common shares of Blissco, not already owned by Supreme Cannabis, by way of a
court-approved plan of arrangement under the Business Corporations Act (British
Columbia). The arrangement is an all-stock transaction with a total value of
approximately C$48 million. “Blissco has built a distinct and authentic premium
wellness brand. Through our strategic partnership and prior investment in the
company, we developed a deep understanding of the business and a high level of
confidence in the senior management team. This transaction will allow Blissco
to focus its business around the production and commercialization of cannabis
oils and topicals for the premium wellness consumer,” said Navdeep Dhaliwal,
CEO of Supreme Cannabis. “Blissco shares our vision, mission, and values.
Through this transaction, we will combine best-in-class processes,
commercialization, marketing and brand building expertise, and skilled
management, ensuring we continue to achieve our vision to improve global
well-being with cannabis.”
To view the full press release, visit http://ibn.fm/lN4MH
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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