- The Supreme Cannabis Company’s business model allows it to control every stage of the process, from cultivation to distribution
- Its subsidiary, 7ACRES, operates a 440,000 square foot facility in Ontario, Canada – the largest facility of its kind to commercially cultivate cannabis
- The company recorded 71 percent revenue growth from Q3 to Q4 in its fiscal year ended June 30, 2018
The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1), a key player in the medical and commercial cannabis industries, intends to become the largest commercial cannabis retailer worldwide through its focus on innovation and emphasis on product quality.
The Supreme Cannabis Company is seasoned in the cultivation of medical cannabis, though it grew out of humble origins after Peter Herburger began cultivating medical cannabis when his daughter, Sarah, became afflicted with chronic pain. Its subsidiary, 7ACRES, was federally licensed for production on March 11, 2016. After Canada legalized the production and sale of commercial cannabis, the company saw its opportunity to broaden its industry reach. It is currently the only licensed producer focused on cultivating craft quality cannabis on a commercial scale, and it has emerged as the industry leader in mass cultivation as a result of its high quality product.
With a passion for quality, the company seeks to excel at every stage of the cannabis industry. 7ACRES operates a 440,000 square foot facility in Ontario, Canada. It is currently the largest facility of its kind to cultivate cannabis with advanced HVAC and CO2 enrichment using the full-spectrum sun. Direct sunlight produces indoor-quality buds with sun-grown characteristics. This is in direct contrast to most “hybrid” growers, who typically used limited-spectrum lamps, and it is indicative of the company’s zest for quality in all stages of the business model, from production to distribution. The Supreme Cannabis Company continues to invest in research and innovation in order to maintain its peak position in the burgeoning cannabis industry.
The company is Canada’s only coast-to-coast premium cannabis producer, and it saw exponential revenue growth in 2018. After uplisting its shares to the OTCQX market in the U.S., the company reported record revenues of C$3.55 million, marking a 71 percent increase from Q3 to Q4. After reporting its revenues for its fiscal year ended June 30, The Supreme Cannabis Company earned its spot amongst the publicly traded Canadian cannabis companies with the highest revenue in their first four quarters of sales.
While varying degrees of cannabis legislation have trickled through the U.S. over the past year, the industry continues to grow worldwide. One recent development in California might mean even more growth for the industry (http://cnw.fm/C8vPY). The state has “endorsed a rule allowing home marijuana deliveries statewide, even into communities that have banned commercial pot sales.” This development, along with others that are likely to follow, will continue to foster growth in the cannabis industry and create future footholds for businesses like The Supreme Cannabis Company to strengthen their staying power.
For more information, visit the company’s website at www.Supreme.ca
About HempWire
HempWire (HW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) HempNewsBreaks 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, HW 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. HW 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, HW brings its clients unparalleled visibility, recognition and brand awareness. HW is where news, content and information converge.
To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.hempwire.com
Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.hempwire.com/disclaimer/
Do you have a questions or are you interested in working with HW? Ask our Editor
HempWire (HW)
Denver, Colorado
www.hempwire.com
303.498.7722 Office
Editor@HempWire.net
