- Both
SPRWF’s 7ACRES and Blissco operations are 100% complete, licensed
- Supreme
announces plans to conduct all extraction in-house from the now fully
licensed facility
- Licensing
of 7ACRES’ transformed tomato greenhouse comes after three years of
design, construction, development
The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF)
(FRA: 53S1), a Canadian leader in the cannabis industry, recently announced
two key assets – its 440,000-square-foot, state-of-the-art cultivation 7ACRES
plant and its 12,000-square-foot Blissco extraction structure – have been
completed and received final approval and licensing for operation. This
milestone step makes Supreme one of the few Canadian producers that operates
fully constructed and licensed cultivation and extraction facilities.
In March, British-Columbia-based Blissco received Health
Canada’s approval on its final licensing amendments, and Supreme announced
plans to conduct all extraction in-house from the now fully licensed facility (http://ibn.fm/b5wQ1). The
licensing announcement came after SPRWF completed construction on a
large-scale, ethanol-based extraction lab that expanded Blissco’s existing
CO2-based extraction capability.
In the past months, Blissco also received its cannabis oil
sales license from Health Canada as well as a license amendment that allows for
the sale of cannabis 2.0 products (http://ibn.fm/CjPqB). With this license amendment and the
capacity to produce over 7,000,000 tincture bottles annually, Blissco’s
state-of-the-art extraction facility will process product for 7ACRES’ vaporizer
partnership with Pax Labs Inc. Just this week, Supreme Cannabis’ first 2.0
products entered the market in the form of 7ACRES PAX Era vaporizer pods (http://ibn.fm/3ywJ7). This
product was produced at the Blissco facility utilizing its advanced extraction
and oil-processing expertise.
In addition to extraction, Supreme Cannabis is best known
for the premium cultivation it conducts at its flagship 7ACRES facility. The
licensing of the 7ACRES’ transformed tomato greenhouse comes after three years
of design, construction and development. The facility has achieved premium
cultivation at scale with relatively small grow rooms and boasts a unique
hybrid facility structure that allows for the plants to benefit from both
sunlight and artificial light. In addition to cultivation, advanced processing
techniques, innovative R&D and experienced team set 7ACRES apart from other
growing operations in the industry.
The Supreme Cannabis Company is emerging 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 of brands (http://ibn.fm/3F7L0) caters to
diverse consumer experiences, with brands and products that address
recreational, wellness, medicinal and new-consumer preferences.
In addition to 7ACRES, the company’s brand portfolio
includes Blissco, Truverra Inc., 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 (http://ibn.fm/mbrpz).
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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