The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today welcomed Health Canada’s final regulations for new cannabis products and reiterated its expanded product strategy. Per the update, Health Canada, on June 14, released amended cannabis regulations to license holders to permit the legal production and sale of three additional types of cannabis products, including cannabis edibles, extracts and topicals. The regulations support Supreme Cannabis’ expanded product strategy, as the company, under its brands, intends to create high-quality cannabis extracts, including vaping liquids, concentrates, oils and tinctures. “As we prepare to bring new products to market, we are pleased to see regulations that prioritize consumer safety and align with our focused and forward-looking approach,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Over the last year, we have made diligent investments to prepare for the cannabis extracts market, which in some legal U.S. states, represents upwards of 35% of industry sales. Supreme Cannabis has positioned brands, secured partnerships and developed inputs to address this meaningful segment of the market and introduce high-quality cannabis products as early as possible.”
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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
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