Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced its appointment of Nikhil Handa as the company’s new chief financial officer. Current CFO, Dimitre Naoumov, will assume the role of vice president, finance. According to the update, Supreme Cannabis is executing this finance department leadership realignment of leadership to further accelerate its international and domestic growth initiatives. Handa joins Supreme Cannabis with considerable cross-sector capital markets experience and, as CFO, his responsibilities will include stewardship of Supreme Cannabis’ finance department, with an emphasis on capital allocation planning, M&A, and transactional execution as the company focuses on domestic and international expansion of operations and distribution of its premium cannabis products. “Mr. Handa brings a wealth of transactional experience, strategic leadership and financial acumen to our management team and will provide complimentary experience to our already strong finance team,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “His addition will help ensure our Company is well-positioned to seize on available growth opportunities as we look to expand our portfolio of businesses throughout 2019.”
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About Supreme Cannabis Company Inc.
Supreme Cannabis 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 multiaward-winning brand, 7ACRES. 7ACRES is a federally licensed producer of cannabis operating inside a 440,000-square-foot facility in Kincardine, Ontario. 7ACRES is dedicated to providing consumers with a premium-quality product that recognizes its customers are informed and discerning, and value a brand and culture that aligns with their principles. The brand success of 7ACRES has been reflected in its Brand of the Year award at the 2018 Canadian Cannabis Awards and Best Licensed Producer Branding award at the 2018 AdCann Advertising Awards, as well as 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. Supreme Cannabis has been a leading innovator in the sector including the design of growing facilities and the development of operational excellence metrics. The company is confident that with its flagship brand, proprietary technology and products, along with its unique culture and industry-leading team, it will deliver consistent, long-term value creation to its shareholders. For more information, visit the company’s website at www.Supreme.ca.
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