- Supreme Cannabis continues to identify new opportunities to build innovative cannabis businesses
- The company’s 7ACRES subsidiary operates a 440,000 sq. ft. cultivation facility
- Supreme Cannabis’ goal is to become the leading producer of premier commercial cannabis
The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) concentrates on building innovative cannabis businesses around the world. A global movement headquartered in Toronto, Ontario, Canada, the company established 7ACRES as the first licensed producer focused on growing high-quality cannabis in large quantities. The 7ACRES licensed producer subsidiary operates a 440,000 sq. ft. facility in Kincardine, Ontario. On March 11, 2016, 7ACRES was federally licensed to produce (http://ibn.fm/WOiwo).
Supreme Cannabis developed 7ACRES’ state-of-the-art greenhouse, technology and thorough cultivation practices to enable 7ACRES to grow premier cannabis sustainably and at scale. 7ACRES is the largest facility of its type to engage in growing with advanced HVAC (heating, ventilation and air conditioning) and CO2 enrichment utilizing the full-spectrum sun instead of limited-spectrum lamps. What results in the final production is indoor-quality buds with sun-grown characteristics, as the greenhouse is essentially an indoor facility with skylights.
7ACRES is on course to becoming Canada’s foremost cultivator of consistently first-rate commercial cannabis. 7ACRES leverages a customizable cultivation program and a proprietary drying technology. In addition, it features a hybrid manual finish encompassing automated trimming and hand trimming.
For early this year, the estimated production run rate at 7ACRES is 50,000 kg at full capacity. As of September 1, 2018, the annual production run rate was 13,333 kg (http://ibn.fm/d9pDN). 7ACRES concentrates on the high margin segment of the market and is listed as a premium product by all Canadian provinces.
Supreme Cannabis Company has partnerships with a number of Canadian cannabis firms (http://ibn.fm/H7BY8). These include Aurora Cannabis, Emerald Health Botanicals, Namaste and Zenabis, among others. These partners are some of Canada’s top cannabis retailers.
Supreme Cannabis also focuses on high-quality investments. The company has an equity interest and distribution agreement with Medigrow Lesotho (PTY) Limited (http://ibn.fm/3mzs0). With this distribution partnership, cannabidiol oil will be exported to Canada and other global markets in the European Union (EU) and South America.
Recently, Supreme Cannabis Company announced its reception of conditional approval from the Toronto Stock Exchange (TSX) to uplist from the TSX Venture Exchange (TSXV) and list its common shares on the TSX (http://ibn.fm/q3k22). With the completion of the final listing requirements, Supreme Cannabis Company’s common shares will be delisted from the TSXV and will begin trading on the TSX under the symbol ‘FIRE’.
In a news release, Navdeep Dhaliwal, Supreme Cannabis Company’s chief executive officer, said, “Graduating to the TSX will broaden our investment appeal and leave us well positioned to execute on our strategic imperatives for 2019, which is why we’re pleased to add this milestone to our list of accomplishments for the year.”
Supreme Cannabis Company offers investors the opportunity to grow with them as they work to identify new opportunities to build unique cannabis businesses. With a vision to become an international leader in cannabis, the company is focusing on continuous growth via research and innovation. With its 7ACRES brand named ‘Brand of the Year’ at the 2018 Canadian Cannabis Awards (http://ibn.fm/WFn55), Supreme Cannabis is positioned for new heights in the cannabis industry.
For more information, visit the company’s website at www.Supreme.ca
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