The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that 7CRES, its wholly owned subsidiary, has received Health Canada approval to begin cultivating approximately 30,000 square feet of additional flowering rooms at its Kincardine, Ontario facility. According to the update, this raises the total flowering room space to 120,000 square feet (from 90,000 square feet) and increases 7ACRES’ annual production capacity estimate to 17,500kg (from approximately 13,300kg). The facility’s potential capacity is expected to reach approximately 50,000kg per year due to increased production efficiencies and the completion and licensing of all 25 flowering rooms. In addition, 7ACRES also received licensing approval for production space designated for plant micropropagation, and Supreme Cannabis will begin cannabis micropropagation services at the facility to bring additional agricultural sciences to its high-quality cannabis production. “Scaling our 7ACRES facility is a top priority and today’s announcement is another significant step forward towards completing that goal,” Supreme Cannabis President and Founder John Fowler said in the news release. “7ACRES-branded dried flower has received enthusiastic reviews from consumers across Canada. With this additional production capacity, we’ll be able to better satisfy the demand from cannabis enthusiasts coast-to-coast.”
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About Supreme Cannabis
The Supreme Cannabis Company is a Canadian publicly traded 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 flagship brand 7ACRES. 7ACRES is a federally licensed producer of 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 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. The Supreme Cannabis Company has consistently set the standard for innovation in the sector, including the design of growing facilities and development of operational excellence metrics. The company is confident that together with its flagship brand, proprietary technology and products, truly unique culture, and industry-leading team, it will deliver shareholders consistent long-term value creation. For more information, visit the company’s website at www.Supreme.ca
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