Supreme Cannabis to supply the province of British Columbia with 553 kg of cannabis for the recreational market
All Supreme Cannabis’ 7ACRES product to be listed in the top-tier brand category in BC
The Supreme Cannabis Company Inc (TSXV:FIRE), today announced that the Company’s wholly owned subsidiary, 7ACRES, has entered into a memorandum of understanding (“MOU”) with the British Columbia Liquor Distribution Board (“BCLDB”) to supply recreational cannabis to BC’s private cannabis retailers.
Under the terms of the MOU, 7ACRES will supply the BCLDB with 553 kg of cannabis over a 12-month period. All 7ACRES product will be listed in the top-tier brand category in BC – consistent with other provincial supply agreements 7ACRES has signed.
“British Columbia is a bellwether province for the recreational cannabis space – we consider it one of the most informed and discerning consumer markets for cannabis in the country. It is a testament to our brand, culture and our people that we will be listed in the highest brand category in BC,” said John Fowler, CEO of Supreme Cannabis.
British Columbia becomes Supreme Cannabis’ third provincial recreational partner alongside Manitoba and Alberta. The Company will provide updates on further provincial partners as they become available. With an annual production capacity expected to reach 50,000 kg once the 7ACRES facility is fully operational, the Company is committed to supplying premium-quality cannabis flower to the Canadian recreational market from coast-to-coast.
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 medical 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 Continue Reading