Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on
Thursday commented on South Africa’s Department of Health removing Cannabidiol
(“CBD”) from the country’s Schedule 7 list of highly controlled drugs. This
move allows the legal sale of CBD products made in accordance with the
government’s specified preparations. Medigrow Lesotho, the company’s
international medical cannabis oil partner, is licensed by the Lesotho Ministry
of Health to cultivate and manufacture medical cannabis and cannabis oil
products in the Kingdom of Lesotho, a jurisdiction located within Southern
Africa. Through its preferential global distribution agreement with Medigrow,
Supreme Cannabis will be exploring opportunities to serve South Africa’s CBD
market. “This meaningful change to South Africa’s legislation creates immense
opportunity for Medigrow to manufacture and supply high-quality CBD oil to a
neighboring jurisdiction,” Supreme Cannabis CEO Navdeep Dhaliwal stated in the
news release. “We are pleased to see countries like South Africa adopting
thoughtful changes to policy and implementing well-regulated systems with the
potential to improve public health and wellness.”
To view the full press release, visit http://ibn.fm/XTMaP
About Supreme Cannabis
The Supreme Cannabis Company 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;
Cambium Plant Sciences, a plant-genetics and cultivation IP company; Medigrow
Lesotho, a cannabis-oil producer located in southern Africa; 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
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment