The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF)
(FRA: 53S1) today welcomed Health Canada’s final regulations for new
cannabis products and reiterated its expanded product strategy. Per the update,
Health Canada, on June 14, released amended cannabis regulations to license
holders to permit the legal production and sale of three additional types of
cannabis products, including cannabis edibles, extracts and topicals. The
regulations support Supreme Cannabis’ expanded product strategy, as the company,
under its brands, intends to create high-quality cannabis extracts, including
vaping liquids, concentrates, oils and tinctures. “As we prepare to bring new
products to market, we are pleased to see regulations that prioritize consumer
safety and align with our focused and forward-looking approach,” Supreme
Cannabis CEO Navdeep Dhaliwal said in the news release. “Over the last year, we
have made diligent investments to prepare for the cannabis extracts market,
which in some legal U.S. states, represents upwards of 35% of industry sales.
Supreme Cannabis has positioned brands, secured partnerships and developed
inputs to address this meaningful segment of the market and introduce
high-quality cannabis products as early as possible.”
To view the full press release, visit http://ibn.fm/Zgqeu
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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