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TORONTO , Aug. 28, 2018 /CNW/ – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company” (FIRE.V) (SPRWF) (53S1.F), announced that the Company’s wholly owned subsidiary, 7ACRES, has entered into supply agreements with the Nova Scotia Liquor Corporation (“NSLC”) and the PEI Cannabis Management Corporation (“PEICMC”) to supply recreational cannabis to their respective retail stores beginning October 17 , 2018.
Nova Scotia and PEI become Supreme Cannabis’ fifth and sixth provincial recreational partners alongside Ontario , British Columbia , Alberta and Manitoba.
“We are excited to finalize these agreements with the provinces of Nova Scotia and Prince Edward Island ,” said John Fowler , CEO of Supreme Cannabis. “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 17 th, and the only major producer to be listing exclusively as a premium offering. We’re eager for cannabis enthusiasts in both Nova Scotia and PEI to discover 7ACRES’ offerings and experience what we believe to be the highest-quality cannabis being grown at scale in Canada .”
The Company will provide updates on further provincial partners as they become available. With an annual production capacity expected to reach 50,000 kg once the 7ACRES facility is fully operational, the Company is committed to supplying premium-quality cannabis flower to the Canadian recreational market from coast-to-coast.
7ACRES is a federally licensed producer of medical cannabis operating inside a 342,000-square-foot facility in Kincardine, Ontario . 7ACRES is dedicated to providing consumers with a premium-quality product that recognizes its customers are informed, discerning and value a brand and culture that aligns with their principles. 7ACRES brand success has been reflected in provincial supply agreements, where 7ACRES’ product is consistently listed in the highest brand category available to recreational consumers. The Company’s portfolio also includes an equity investment and long-term global distribution partnership with Lesotho -based Medigrow for the exporting of medical-grade cannabis oil.