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The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Key Facilities Completed, Obtain Full Licensing

  • Both SPRWF’s 7ACRES and Blissco operations are 100% complete, licensed
  • Supreme announces plans to conduct all extraction in-house from the now fully licensed facility
  • Licensing of 7ACRES’ transformed tomato greenhouse comes after three years of design, construction, development

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a Canadian leader in the cannabis industry, recently announced two key assets – its 440,000-square-foot, state-of-the-art cultivation 7ACRES plant and its 12,000-square-foot Blissco extraction structure – have been completed and received final approval and licensing for operation. This milestone step makes Supreme one of the few Canadian producers that operates fully constructed and licensed cultivation and extraction facilities.

In March, British-Columbia-based Blissco received Health Canada’s approval on its final licensing amendments, and Supreme announced plans to conduct all extraction in-house from the now fully licensed facility (http://nnw.fm/8A0zm). The licensing announcement came after SPRWF completed construction on a large-scale, ethanol-based extraction lab that expanded Blissco’s existing CO2-based extraction capability.

In the past months, Blissco also received its cannabis oil sales license from Health Canada as well as a license amendment that allows for the sale of cannabis 2.0 products (http://nnw.fm/PtU58). With this license amendment and the capacity to produce over 7,000,000 tincture bottles annually, Blissco’s state-of-the-art extraction facility will process product for 7ACRES’ vaporizer partnership with Pax Labs Inc. Just this week, Supreme Cannabis’ first 2.0 products entered the market in the form of 7ACRES PAX Era vaporizer pods (http://nnw.fm/c5mZ1). This product was produced at the Blissco facility utilizing its advanced extraction and oil-processing expertise.

In addition to extraction, Supreme Cannabis is best known for the premium cultivation it conducts at its flagship 7ACRES facility. The licensing of the 7ACRES’ transformed tomato greenhouse comes after three years of design, construction and development. The facility has achieved premium cultivation at scale with relatively small grow rooms and boasts a unique hybrid facility structure that allows for the plants to benefit from both sunlight and artificial light. In addition to cultivation, advanced processing techniques, innovative R&D and experienced team set 7ACRES apart from other growing operations in the industry.

The Supreme Cannabis Company is emerging 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 of brands (http://nnw.fm/dV13y) caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new-consumer preferences.

In addition to 7ACRES, the company’s brand portfolio includes Blissco, Truverra Inc., Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain including scaled cultivation, value-add processing, centralized manufacturing, and product testing and R&D (http://nnw.fm/g5Nxo).

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://nnw.fm/SPRWF

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