- Company recently added square footage to its 7ACRES facility, signifying a 50 percent increase from prior production estimates
- 7ACRES was recognized as ‘Brand of the Year’ at the 2018 Canadian Cannabis Awards
- President and CEO John Fowler was named to High Times’ list of the ‘100 Most Influential People in Cannabis’
The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a leading licensed cannabis producer with a diversified portfolio of products and brands, recently secured Health Canada’s approval for six additional flowering rooms. This addition brings the company’s total production capacity up to 180,000 square feet when measured across 18 flowering rooms. The square footage increase signifies a 50 percent gain from prior production estimates (http://ibn.fm/hSHpd).
This timely expansion takes place as Canada’s cannabis industry has experienced a prolonged supply shortage. According to Cowen & Co., nearly half of all items available on provincial e-commerce websites remain out of stock. As legalization efforts spread, more customers are drawn to the cannabis industry. This widening customer base is only projected to continue with the legalization of edibles expected in October, encouraging licensed producers to expand production capacity.
In a news release, Supreme Cannabis President and Founder John Fowler stated, “With our multi-award-winning 7ACRES brand now available in 8 of 10 provinces, we look forward to completing construction of the facility so that cannabis enthusiasts coast to coast will be able to enjoy what we believe to be the highest quality cannabis grown at scale in the country.”
Supreme Cannabis Company’s emphasis on delivering premium-quality product has attracted industry acclaim. The company’s 7ACRES brand was recognized as ‘Brand of the Year’ at the 2018 Canadian Cannabis Awards. Moreover, Fowler was recently named to the High Times list of the ‘100 Most Influential People in Cannabis’ (http://ibn.fm/OP2Jr). High Times has been the preeminent source for cannabis news since 1974. This honor recognizes Fowler’s depth of experience in the cannabis industry, including more than a decade spent in the medical cannabis sector as a “cultivator, influencer, patients-rights advocate and lawyer.”
Fowler founded Supreme Cannabis’ wholly owned subsidiary, 7ACRES, which has grown to become one of Canada’s leading premium brands. He has sought out leadership opportunities within the industry, serving as the vice chair, adult use and director of the Cannabis Council of Canada, which is the leading organization of Canada’s licensed producers of cannabis under Health Canada’s federal Cannabis Act.
Fowler was honored at the High Times 100 Gala Awards Ceremony in Los Angeles on March 27, 2019, along with his fellow nominees.
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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