- Supreme’s Truverra acquisition is valued at approximately C$20 million
- Supreme Cannabis intends to repurpose Truverra’s Health Canada-licensed facility to produce cannabis extracts for use in concentrates and vaping liquids
- The company will gain entry into Europe through Truverra’s subsidiary
The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) intends to acquire privately held, Toronto-based Truverra Inc. in a three-cornered amalgamation between Truverra, Supreme Cannabis and a wholly owned subsidiary of Supreme Cannabis. The transaction for 14.7 million common shares of Supreme Cannabis has a value of approximately C$20 million (http://nnw.fm/7MwPa).
Truverra’s Health Canada-licensed facility in Toronto, Ontario, will produce cannabis-derivative products for Legalization 2.0, an industry term for a second wave of regulations in Canada anticipated for…
NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://nnw.fm/SPRWF
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