- Supreme
Cannabis subsidiary 7ACRES recently released its first sativa-dominant
strain, with rare sensory characteristics differentiating the high-end
flower offering
- Supreme
Cannabis is positioned to develop value-add new cannabis products with its
acquisition of Truverra
- The
company’s collaboration with PAX Labs Inc. creates inroads into the
lucrative Canadian vaporizer segment
The
Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a
diversified portfolio of cannabis brands that deliver positive experiences,
continues to expand through several brand offerings designated for its
discerning customer base. Through its various brands, SPRWF continues to
synthesize its consumer-driven approach with a strong foundation of business
fundamentals to realize promising revenue goals.
Recently, SPRWF announced the initial market entry of Jack
Haze, a proprietary strain from its 7ACRES subsidiary. The unique 7ACRES Jack
Haze strain is the first of a series designed to differentiate the high-end
flower offering of 7ACRES from that of its competitors. That superior quality,
the company says, will enable it to maintain premium pricing across Canada.
Jack Haze is the company’s first sativa-dominant strain, offering rare sensory
characteristics and a crisp and zesty evergreen flavor with visual appeal. The
Jack Haze strain will be available in September in select Canadian provinces
supplied by 7ACRES (http://ibn.fm/5LWXI).
“This cultivar’s expression possesses a unique haze profile
with a classic, sweet sativa smell and strong visual appeal,” Chief Advocacy
Officer and Founder John Fowler stated in a news release. “As we develop and
introduce unique strains, we further differentiate 7ACRES’ high end flower
offering and continue to achieve premium pricing across Canada.”
As the company enhances and expands its flower offering
under its 7ACRES brand, it is also taking steps to prepare for ‘Cannabis 2.0’
products in Canada. SPRWF recently acquired Toronto-based and privately held
Truverra. This move intensifies Supreme Cannabis’ focus on expanding its
cannabis presence in Canada (http://ibn.fm/K9vAr).
Through the acquisition of Truverra, Supreme Cannabis gained
a 5,000-square-foot Health Canada licensed facility in Scarborough, Ontario.
Truverra’s wholly owned subsidiary, Canadian Clinical Cannabinoids Inc.
operates this strategically located and licensed facility. From this operating
asset, Supreme Cannabis is preparing to produce high-quality cannabis extracts,
including concentrates and vaping liquids.
“The recent introduction of Health Canada’s amended cannabis
regulations creates a distinct opportunity for Supreme Cannabis to establish a
leading position in the cannabis extracts markets,” SPRWF CEO Navdeep Dhaliwal
stated in a news release. “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.”
Deepening its Canadian market presence, Supreme Cannabis has
also partnered with PAX Labs Inc. (http://ibn.fm/Akxxr), a market leader with over 1.5 million
devices sold worldwide and a “reputation as the best pen-and-pod system in the
U.S.” This move allowed Supreme Cannabis to become a foundational brand partner
and supplier for the PAX Era in Canada. Supreme Cannabis’ subsidiary, 7ACRES,
was one of only four licensed producers chosen to be an initial partner in
creating cannabis oil pods for the PAX Era.
Analysts from CFN Media Group (http://ibn.fm/Plad0) noted in a
recent report that “nothing speaks more clearly to the ability to scale than
Supreme this month providing revenue guidance for the next year in the range of
$150 million to $180 million.” The article adds that “the robust growth is owed
to management’s ability to make prescient moves to stay in front of regulation
changes in addition to operational excellence.”
The Supreme Cannabis portfolio includes 7ACRES, its wholly
owned subsidiary and multi-award-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 cultivation IP and plant genetics firm;
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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