- The
exclusive partnership with PAX Labs will enable Supreme Cannabis and its
subsidiary, 7ACRES, to access the highly lucrative vaporizer market
- 7ACRES
will become one of only four companies to supply cannabis oil pods for the
PAX Era
- The
partnership provides a significant strategic advantage to Supreme Cannabis
due to PAX’s market penetration; currently, the company has over 1.5
million devices sold worldwide
A partnership between The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF)
(FRA: 53S1) and PAX Labs Inc. will enable Supreme to become the
foundational brand partner and supplier for premium vaporizer the PAX Era in
Canada.
Pending the legalization of vaporization products in the
country, Supreme Cannabis will become one of only four initial supply PAX Era
partners, the company announced in a press release (http://ibn.fm/u6di5). This
opportunity enables Supreme Cannabis to enter the lucrative vaporization
product market. The company’s wholly owned subsidiary, 7ACRES, has been chosen
as an initial partner that will create cannabis oil pods for the PAX Era.
PAX Labs is a market leader in the field of vaporizer
products. Set up in 2007, the company aims to create a responsible and
personalized cannabis experience for its users. In 2018, PAX became an
award-winning consumer technology brand due to its focus on design and
innovation.
The PAX Era is a cannabis oil vape pen. Its delivery method
is precise and innovative, allowing for control over concentration, flavor,
potency and temperature. Currently, PAX has over 1.5 million devices sold
worldwide. A partnership with such a well-established entity is expected to
provide Supreme Cannabis with opportunities for a quick and effective market.
“Supreme Cannabis is excited to be partnering with PAX to
provide consumers with the ultimate vaporizing experience. Together, we expect
to deliver 7ACRES’ multi-award winning flower extracted into oils exclusively
for use in North America’s best-selling premium vaporizer, the PAX Era,”
Supreme Cannabis CEO Navdeep Dhaliwal stated in a news release.
7ACRES is a leading Canadian brand in the high-end cannabis
field. Expansion to new product categories is currently being undertaken while
7ACRES focuses on maintaining its high standards and quality, to which
discerning customers have become accustomed, according to Dhaliwal.
As per the terms of the agreement, the 7ACRES vaporizer oil
will be sold exclusively for use with the PAX Era. The new 7ACRES PAX Era pods
will be sold in every jurisdiction where Supreme Cannabis has provincial supply
agreements. It’s also possible that Supreme Cannabis will start creating
cannabis pods for the PAX Era under a different brand.
The Supreme Cannabis Company has developed a global,
diversified portfolio of cannabis companies, products and brands. The company
established itself as a fast growing, premium cannabis and plant-driven
lifestyle entity through a focus on sustainable growth and the development of
high-quality products.
7ACRES, the Supreme Cannabis Company’s wholly owned
subsidiary, is an award-winning brand that grows high-end cannabis. The company
provides hand-crafted cannabis flower to discerning customers. Products are
characterized by superior genetics, aroma, appearance, size and texture.
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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