- Supreme
Cannabis is one of the world’s fastest-growing premium plant-driven
lifestyle companies
- Supreme
Cannabis has supply agreements in place throughout eight Canadian
provinces
- The
company gained advanced extraction infrastructure and expertise through
its Blissco acquisition
The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF)
(FRA: 53S1) maintains a diversified, international portfolio of
distinct cannabis companies, products and brands. Since 2014, it has emerged as
one of the world’s fastest-growing, premium, plant-driven, lifestyle companies.
The company’s growth strategy includes key industry agreements and its wholly
owned 7ACRES subsidiary. Based in Toronto, Ontario, Supreme Cannabis is working
to be an innovator in the cannabis sector regarding the design of cultivation
facilities and the development of operation excellence metrics.
Supreme Cannabis is Canada’s only licensed cannabis producer
that’s primarily focused on premium brands and offers products with
coast-to-coast distribution. The company has supply agreements in place
throughout eight Canadian provinces. Its 7ACRES subsidiary is its flagship
brand. The 7ACRES cultivation facility is among the first 40 of Canada’s
federally licensed cannabis producers (http://ibn.fm/JuUPc).
Federally licensed since 2016, 7ACRES operates a 440,000-square-foot
cultivation facility in Kincardine, Ontario. 7ACRES’ slogan – ‘Craft Quality,
Commercial Scale’ – emphasizes the company’s focus on growing high-quality
cannabis in high quantities. As of May 2019, total flowering room space at the
operation totaled 230,000 square feet.
Recently, The Supreme Cannabis Company and Blissco Cannabis
Corp. announced that the Supreme Court of British Columbia issued a final order
approving the earlier announced arrangement between Supreme Cannabis and
Blissco (http://ibn.fm/XOHm5).
Supreme Cannabis will acquire all of the issued and outstanding common shares
of Blissco not already owned by Supreme Cannabis.
With this acquisition, Supreme Cannabis gains advanced
extraction infrastructure and expertise. Located in Langley, British Columbia,
this 14,000-square-foot production facility has been producing cannabis oils
and pre-rolls since receiving its cultivation, cannabis sales and oil
production licenses last year.
“With the closing of this acquisition, Supreme Cannabis will
expand its portfolio to include a consumer-focused brand that specializes in
products for the premium global wellness category,” Supreme Cannabis CEO
Navdeep Dhaliwal stated in a news release. “In addition to gaining an
established wellness brand, Supreme Cannabis will acquire Blissco’s facility
built to EU GMP standards that has been extracting oils for the Canadian market
since August 2018.”
Furthermore, the company’s investment portfolio includes an equity
position and long-term worldwide distribution partnership with Medigrow Lesotho
(PTY) Limited in Africa. This partnership’s focus is the export of medical
cannabis (CBD) oil to Canada and other global markets in the European Union and
South America.
Supreme Cannabis’ growth strategy also includes its C$12
million supply agreement with Tilray Inc. (NASDAQ: TLRY), a worldwide leader in
cannabis research, cultivation, processing and distribution. With this
agreement, Supreme Cannabis will supply Tilray with dried cannabis in support
of medical cannabis patients in Canada for a one-year period.
Supreme Cannabis continues to advance its mission of growing
the world’s best cannabis and becoming a leader in the worldwide industry. For
investors, the company offers potential ROI with its 7ACRES brand, proprietary
technology and products, and passion for cannabis. Supreme Cannabis also
continues to look for new opportunities globally as legalization expands beyond
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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