- Located
in the Netherlands, Truverra Europe is already established in select
European markets, providing an early foothold for Supreme Cannabis
- Supreme
Cannabis’ investment vehicle, Supreme Heights, provides European upstarts
with access to capital, proven expertise and tools
The
Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a
company dedicated to growing the world’s best cannabis and becoming a leader in
the global industry, is creating inroads into Europe’s cannabis industry
through its various subsidiaries. The company is taking an aggressive approach
to secure its position in Europe’s rapidly increasing cannabis market, a market
worth an estimated $318 million in 2018, which is expected to grow more than
400 percent through 2023 (http://ibn.fm/oMWSS).
SPRWF subsidiary, Truverra and investment vehicle, Supreme Heights are primed
and ready to take advantage of Europe’s rapidly growing cannabis market.
The recently acquired Truverra Inc., a global medicinal CBD brand, provides
Supreme Cannabis with additional expansion opportunity in Europe. Truverra’s
wholly owned European subsidiary, Truverra Europe, is located in the
Netherlands and is already established in select European markets (http://ibn.fm/1VuEV). Truverra
uses clean, pure CBD oil drawn from 100 percent organic, European hemp strains.
The oil is then combined with natural ingredients to create the exceptional
Truverra-branded products that consumers in the United Kingdom have come to
expect.
Supreme Cannabis’ London-based investment platform, Supreme
Heights (http://ibn.fm/IKsLp),
is also penetrating the cannabis market in Europe. The launch of Supreme
Heights provided promising European upstarts in the CBD market access to
SPRWF’s leadership, comprehension of regulations, premium-product
commercialization, marketing, and much more. Patrick Morton, co-founder of
Cannabis Invest UK, was made CEO of Supreme Heights, providing the investment
platform with his already established, expansive network of local and global
cannabis and CBD companies and giving the new platform the jumpstart it needs
in collecting potential investments.
In addition, Supreme’s dynamic brand activity has drawn
investor attention. The company was recently the subject of an article by CFN
Media Group detailing SPRWF’s savvy penetration of the European cannabis
market. The article noted that Supreme Cannabis is building its cannabis
portfolio at a “blistering pace” and described Europe’s “larger opportunity”
for cannabis companies with its population of 513 million people (as compared
to only 37 million in Canada). The article added that only five countries of
the 28 country members of the European Union ban cannabis.
The CFN analysis (http://ibn.fm/ZMAxt) finds 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 launch of Supreme Heights provided the company
with a gateway to investment in the European cannabis market.
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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