CannabisNewsWire
CannabisNewsWire

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LimeLight of The week is

The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF)

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The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) is committed to providing premium brands and products that reflect the company’s knowledgeable customers, passionate employees, and culture of innovation. Supreme Cannabis’ mission is to grow the world’s best cannabis and become a leader in the global industry. The company calls its Toronto Venture Exchange stock symbol FIRE “a testament to our passion for cannabis and our obsession with quality.”

Supreme Cannabis believes the world is ready to follow Canada’s lead by ending the 100-year cannabis prohibition and, as Canada’s only coast-to-coast premium cannabis producer, the company sees itself at the center of this global shift.

In August 2018, Supreme Cannabis uplisted its shares to the to OTCQX market in the U.S., where the company trades under the ticker symbol SPRWF. The following month Supreme reported record Q4 revenues of CAD$3.55 million, a 71-percent increase over the previous quarter. Supreme Cannabis also recorded revenue of CAD$8.85 million for its fiscal year ended June 30, 2018, placing it among publicly traded Canadian cannabis companies with the highest reported revenue in their first four quarters of sales.

Company Highlights

  • Canada’s only licensed cannabis producer principally focused on premium brands and products with coast-to-coast distribution
  • Current annual production run rate of 13,333 kg, ramping up to estimated 50,000 kg full capacity in 2019
  • Recently signed 1-year CAD$12 million supply agreement with Tilray Inc. (OTC: TLRY) to support medical cannabis patients
  • Commands premium wholesale prices up to one-third higher than other brands
  • Supply agreements in place with six Canadian provinces
  • Recently uplisted to OTCQX market in the U.S under ticker symbol SPRWF
  • In September 2018 announced record fiscal year and Q4 results
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