- The
company’s international partnerships expand its market reach and its line
of recreational and medical cannabis products
- Supreme’s
recent acquisition of Truverra Inc. gives it a foothold in the growing
European market, as well as access to a 5,000-square-foot licensed
facility in Ontario
- SPRWF’s
research and development efforts supply agriculturally focused,
disease-resistant, premium-seed stock to global markets
The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF)
(FRA: 53S1) operates with the mission of growing the world’s best
cannabis and becoming a leader in the global industry. Supreme Cannabis has
eyes on the expanding global market and has strategically positioned itself to
be a leader in the space, with premium products, authentic brands and
international investments.
SPRWF has entered into international partnerships to reach
and meet the growing demand for recreational and medical cannabis. Khalifa Kush
Enterprises (“KKE”) entered into an international partnership with SPRWF to
develop and launch a lineup of premium cannabis. KKE Oils are created with
premium cannabis supplied by 7ACRES, the flagship brand of SPRWF, and the line
consists of recreational-focused offerings. The products are among the
first-ever recreational-focused cannabis oils in Canada and became available
earlier this year.
As global demand for medical cannabis oil grows, SPRWF also
benefits from its investment in Medigrow Lesotho. The two companies entered
into a long-term global distribution partnership in March 2018. Medical
cannabis oil will be produced by Medigrow in Lesotho and then exported to
Canada and additional international markets.
Closer to home, SPRWF recently closed on its acquisition of
Toronto-based private company Truverra Inc. (http://ibn.fm/Tb0He). Selling CBD products through its
subsidiary, Truverra (Europe) B. V., Truverra is dedicated to becoming a global
leader of hemp- and cannabis-derived medicinal products with clinically proven
efficacy. This acquisition only strengthens SPRWF’s position in the global
cannabis market. Truverra is positioned to take advantage of the emerging CBD
wellness market in Europe and is currently in the process of developing unique,
cannabis-derived branded ingredients.
In addition to Truverra’s CBD business in Europe, Truverra’s
Canadian subsidiary, Canadian Clinical Cannabinoids Inc. (“CCC”), operates a
licensed facility in Ontario. “With the acquisition of Truverra, we secure a
Toronto-based facility equipped to extract our high-quality inputs for
concentrates and vaping liquids in the near-term,” SPRWF CEO Navdeep Dhaliwal
stated in a news release referencing CCC’s 5,000-square-foot licensed facility
that will be focused on producing cannabis-derivative extracts to be made
available later this year (http://ibn.fm/FMQeV).
Truverra isn’t SPRWF’s only strategic move into the rapidly
emerging European cannabis market. In June 2019, SPRWF launched London-based
Supreme Heights as a separate entity. Supreme Heights is a CBD-focused
investment platform that will make strategic investments in and provide support
services to businesses in the CBD health and wellness segment. The goal is to
support local UK and European businesses that share SPRWF’s core values of
sustainability, innovation and community. This new entity will work to assess
investment opportunities, identify synergies and advance businesses in its
portfolio. Early-stage entrepreneurial companies will be assisted with capital
and guidance in the development of innovative products.
Additionally, SPRWF maintains a strong position in Canada
through its subsidiary and flagship brand, 7ACRES. 7ACRES is a licensed
producer that operates a 440,000-square-foot facility in Ontario with a total
licensed cultivation space of 230,000 square feet. From seed to shelf to
consumer, 7ACRES prides itself on making every effort to cultivate a harvest
greater than the previous in appearance, aroma and flavor. With a commitment to
constantly improving techniques and practices, the company is leading the way
toward a higher standard of cannabis. 7ACRES offers coast-to-coast distribution
and is well on its way to becoming Canada’s leading cultivator of consistently
superior cannabis.
In addition to partnerships, acquisitions and high end premium
brands, SPRWF is leading the way in the development and licensing of
next-generation, cannabis-plant genetics and cultivation IP. Cambium Plant
Sciences was launched earlier this year to focus on supplying agriculturally
focused, disease-resistant, premium-seed stock to the global cannabis market.
Cambium’s 34,000-square-foot research and development facility in Goderich,
Ontario, is using proprietary research, technology and scientific methodologies
to revolutionize recreational, medical and wellness cannabis cultivation.
SPRWF continues to expand its global footprint through
strategic partnerships, acquisitions and premium brands.
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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Editor@QualityStocks.com
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