The Supreme Cannabis Company, Inc. (TSXV: FIRE) (OTC: SPRWF) announced this morning that the company’s wholly owned subsidiary 7ACRES has entered into supply agreements with the Nova Scotia Liquor Corporation and the PEI Cannabis Management Corporation to supply recreational cannabis to their distribution networks beginning October 17, 2018.
operates a federally licensed cultivation and product manufacturing facility in Ontario, Canada. The 342,000 sq. ft. state-of-the-art facility is capable of producing premium quality cannabis and cannabis derived products for distribution to medical and the soon to be recreational markets in Canada. The company’s facility is capable of producing over 50,000 kg of dried cannabis annually.
The Supreme Cannabis Company is now on a short list of companies, such as Canopy Growth, Aphria, and Aurora Cannabis, that have signed numerous recreational supply agreements with numerous provinces in the country. The other provinces the company has signed agreements with are Ontario, British Columbia, Alberta and Manitoba.
As of today the Supreme Cannabis is trading at a price of C$1.84 per share on the Canadian Venture Exchange under the ticker symbol FIRE and has a current market cap of C$487.30 million dollars.
“We are excited to finalize these agreements with the provinces of Nova Scotia and Prince Edward Island. We expect to be one of Canada’s few producers who will be in stores coast-to-coast when the Canadian recreational market kicks off on October 17th, and the only major producer to be listing exclusively as a premium offering,” said John Fowler, CEO of The Supreme Cannabis Company.