Supreme
Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today provided
an operational update on its focused infrastructure that serves dedicated
functions from seed to sale. Per the update, the company leased its
manufacturing, processing and packaging facility located in Kitchener, Ontario
(“Supreme Cannabis Kitchener”) in response to internal requirements and
foreseeable market demand. Supreme Cannabis Kitchener will function as a
central manufacturing, processing and packaging facility for Supreme Cannabis
brands and, once complete, a location where the company intends to package,
distribute and brand third-party cannabis inputs from quality-focused
cultivators. “With Supreme Cannabis Kitchener, we add the infrastructure to
centralize internal processing and manufacturing and the ability to act as a
packaging, manufacturing and distribution partner for third-party producers,”
Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Centralizing
this increasingly important function in the value chain will create
manufacturing, packaging and distribution synergies across our brands and allow
for our existing operating assets to maintain a focus on their core
capabilities. With this manufacturing center of excellence, we gain the
flexibility to respond to market trends such as working with third-party cannabis
cultivators and long-term optionality to move into additional cannabis 2.0
product categories.”
To view the full press release, visit http://ibn.fm/jdgL0
About Supreme Cannabis Company
The Supreme Cannabis Company, Inc., 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 multi-award-winning brand; Blissco, 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, an 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. Supreme trades as FIRE on
the Toronto Stock Exchange (TSX: FIRE), SPRWF on the OTC Exchange in the
United States (OTCQX: SPRWF) and 53S1 on the Frankfurt Stock Exchange
(FRA: 53S1). Follow the company on Instagram, Twitter, Facebook and YouTube.
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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