Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and Blissco Cannabis (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B:GR) on Thursday announced that the Supreme Court of British Columbia has issued a final order approving the previously announced plan of arrangement between the two companies. Per the terms of an arrangement agreement dated May 16, 2019, Supreme Cannabis will acquire all issued and outstanding common shares of Blissco. The companies plan to close the acquisition on July 12, 2019. “With the closing of this acquisition, Supreme Cannabis will expand its portfolio to include a consumer-focused brand that specializes in products for the premium global wellness category,” Supreme Cannabis CEO Navdeep Dhaliwal stated in the news release. “In addition to gaining an established wellness brand, Supreme Cannabis will acquire Blissco’s facility built to EU GMP standards that has been extracting oils for the Canadian market since August 2018. Blissco’s scaled capabilities allow for Supreme Cannabis’ high-quality inputs to be processed in-house, creating a near-term large-scale extraction opportunity to serve multiple brands under the Supreme Cannabis umbrella. As we integrate Blissco’s operations, we continue to identify strong synergies between our businesses to create long term value.”
To view the full press release, visit http://nnw.fm/xch7W
About Supreme Cannabis
The Supreme Cannabis Company is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium plant driven-lifestyle companies by effectively deploying capital, with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly owned subsidiary and multi-award-winning brand; Cambium Plant Sciences, a plant-genetics and cultivation IP company; Medigrow Lesotho, a cannabis-oil producer located in southern Africa; Supreme Heights, a investment platform focused on CBD brands in the UK and Europe; and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. For more information, visit the company’s website at www.Supreme.ca.
NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://nnw.fm/SPRWF
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com