Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on
Tuesday announced the closing of its acquisition of all of the issued and
outstanding shares of privately-held Truverra Inc. According to the update, the
transaction was completed by way of a three-cornered amalgamation. 2708300
Ontario Ltd., a wholly-owned subsidiary of Supreme Cannabis, combined with
Truverra to form a newly amalgamated company that will operate under the name
“Truverra Inc.” as a wholly-owned subsidiary of the company. Consideration for
the transaction, which was previously announced by Supreme Cannabis on July 17,
2019, consisted of the issuance of approximately 14.7 million common shares of
Supreme to shareholders of Truverra.
To view the full press release, visit http://ibn.fm/RTdng
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 multiaward-winning
brand; Blissco Cannabis Corp., a wellness cannabis brand and a multi-licensed
processor and distributor based in British Columbia; Truverra Inc., a global
medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a
plant-genetics and cultivation IP company; Medigrow Lesotho, a cannabis-oil
producer located in Southern Africa; Supreme Heights, an investment platform
focused on CBD brands in the UK and Europe; 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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