Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently reported its financial and operational results for the period ended December 31, 2018. The report highlights the company’s capability to maintain high revenues within the cannabis industry. An article discussing SPRWF reads, “The Q2 report also detailed Supreme Cannabis’ profitability. The company recorded a 359-percent increase in revenue from Q2 2018 ($1.68 million) to Q2 2019 ($7.72 million). The company has also been making moves to stay competitive within the cannabis oil products market, an industry that has been dubbed the next ‘gold rush’ since the 2018 United States Farm Bill removed hemp from the list of controlled substances (http://ibn.fm/73VEk). Demand for hemp-derived CBD products continues to grow worldwide and is estimated to become a $22-billion industry by 2022. Staying ahead of the curve, Supreme Cannabis contracted Medipharm Labs Co. to help coordinate the launch of the company’s cannabis oil product line.”
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About Supreme Cannabis Company Inc.
Supreme Cannabis is a publicly traded Canadian company committed to providing premium brands and products that proudly reflect its consumers, people and uniquely innovative culture. The company’s portfolio includes its wholly-owned subsidiary and multiaward-winning brand, 7ACRES. 7ACRES is a federally licensed producer of cannabis operating inside a 440,000-square-foot facility in Kincardine, Ontario. 7ACRES is dedicated to providing consumers with a premium-quality product that recognizes its customers are informed and discerning, and value a brand and culture that aligns with their principles. The brand success of 7ACRES has been reflected in its Brand of the Year award at the 2018 Canadian Cannabis Awards and Best Licensed Producer Branding award at the 2018 AdCann Advertising Awards, as well as in provincial supply agreements where 7ACRES’ product is consistently listed in the highest brand category available to recreational consumers. The company’s growing portfolio also includes an equity investment and long-term global distribution partnership with Lesotho-based Medigrow for the exporting of medical-grade cannabis oil. Supreme Cannabis has been a leading innovator in the sector, including the design of growing facilities and the development of operational excellence metrics. The company is confident that with its flagship brand, proprietary technology and products, along with its unique culture and industry-leading team, it will deliver consistent, long-term value creation to its shareholders. For more information, visit the company’s website at www.Supreme.ca.
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