Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1),
a company committed to providing premium-cannabis brands and products, recently
provided an update on its strategy and outlook for the remainder of fiscal
2020. An article discussing the company reads, “Supreme Cannabis reiterated its
strategy to transition from a business-to-business model to a consumer-facing,
premium-cannabis business. A focus on expanding its consumer-facing product
portfolio is expected to drive near-term revenue with new high-quality brands
and products for a variety of consumers hitting the market in the coming
months. This expanded portfolio will be supported by an innovative sales model
that achieves comprehensive distribution to cannabis retailers across Canada. .
. . ‘As we realign our structure and expectations with the current state of the
industry, I maintain my strong belief in Supreme Cannabis’ ability to drive
near-term revenue growth, profitability and long-term value with new
high-quality brands and products at every key price segment,’ Supreme Cannabis
interim president and CEO Colin Moore stated in a news release. ‘I’m proud of
the team’s progress and difficult work rightsizing the company’s cost structure
and focusing the business on near-term revenue drivers. As one of the few
licensed producers with completed cultivation infrastructure and in-house,
value-added processing capabilities, as well as proven premium brands in the
recreational market, we are well positioned to accelerate our CPG-focused
transition. Our strong liquidity position, including the credit facility
arranged by a tier-one bank, further ensures we have the capital necessary to
execute going forward.’”
To view the full article, visit http://ibn.fm/X592W
About Supreme Cannabis Company Inc.
Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 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. Supreme Cannabis’
portfolio of brands caters to diverse consumer experiences, with brands and
products that address recreational, wellness, medicinal and new-consumer
preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra,
Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands
are backed by a focused suite of world-class operating assets that serve key
functions in the value chain, including scaled cultivation, value-add
processing, centralized manufacturing and product testing, and R&D. 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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