- Effective February 4, Supreme Cannabis securities began trading on the Toronto Stock Exchange
- Supreme is focusing on pursuing opportunities in the emerging global cannabis market and generating sustainable growth
- Supreme’s wholly owned subsidiary, 7ACRES, cultivates craft-quality cannabis on a commercial scale
The Supreme Cannabis Company Inc. (TSX: FIRE) (OTC: SPRWF) (FRA: 53S1) has started trading on the Toronto Stock Exchange (“TSX”). Effective February 4, the company’s listed securities began trading under ticker symbols ‘FIRE’ and ‘FIRE.DB’ (http://nnw.fm/Wb8G4).
This move is designed to support the company’s strategy of targeting premium brands, leverage its coast-to-coast distribution in Canada and aid in its expansion into the international cannabis market. The company will also focus on generating sustainable growth. The company’s common shares and senior unsecured convertible debentures due in 2021 were voluntarily delisted from the TSX Venture Exchange when trading began on the TSX.
The move to the TSX comes as the company’s future looks especially promising. Supreme estimates that its annual production target will grow early this year to full capacity, from its current 17,500-50,000 kg. (http://nnw.fm/1SCNm). The company is focused on penetrating the global cannabis market. Supreme sees its marketing effort in Canada – where it has achieved national wholesale distribution, operated retail stores and offers online availability – as especially appealing to legal-aged cannabis enthusiasts (“LACE”).
The Toronto-based company plans to grow in what it sees as an emerging global market and seeks to expand by satisfying the needs of LACE consumers for premium cannabis. Supreme is focused on producing quality product that commands higher price points than competitors. The company is deploying a timing strategy of “first in, wins,” when it comes to national listing success.
Supreme’s wholly owned subsidiary, 7ACRES, operates a 440,000-square-foot facility in Ontario, where it cultivates craft-quality cannabis on a commercial scale. The one-of-a-kind hybrid greenhouse uses advanced HVAC and CO2 enrichment, combining the best practices of indoor cannabis cultivation with the power of the sun.
In addition, Supreme has a long-term global distribution partnership agreement with Lesotho-based Medigrow for the export of medical-grade cannabis oil to Canada and other international markets.
For more information, visit the company’s website at www.Supreme.ca
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
