The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that its wholly owned subsidiary, 7ACRES, has obtained Health Canada approval for 50,000 square feet of additional production space at its Kincardine, Ontario, facility. According to the update, five additional rooms will increase 7ACRES’ total flowering space from 180,000 sq. ft to 230,000 sq. ft, increasing estimated annual production capacity from approximately 26,250 kg to 33,580 kg. “With five more flowering rooms at 7ACRES now approved by Health Canada, the finish line is in sight,” Supreme Cannabis President and Founder John Fowler said in the news release. “As 7ACRES continues to work towards full production capacity, we are excited to fulfil demand for our high-end cannabis from enthusiasts coast-to-coast.”
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About Supreme Cannabis
The Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 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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