On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Well Positioned to Address Changes in Cannabis Product Regulations

  • In line with Health Canada’s amended cannabis regulations, Supreme Cannabis has reaffirmed its expanded product strategy
  • Supreme Cannabis plans to debut a range of cannabis extract offerings, including vaping liquids, concentrates, oils and tinctures
  • Health Canada’s amended regulations permit the legal production and sale of three additional types of cannabis products, including cannabis edibles, extracts and topicals

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is prepared to meet Health Canada’s amended cannabis regulations, which include three additional types of cannabis products: cannabis edibles, extracts and topicals (http://cnw.fm/C4st8).

The company’s strategy is to target premium brands, leverage its coast-to-coast distribution in Canada and expand into the international cannabis market. Supreme Cannabis’ expanded product strategy includes adding high-quality cannabis extracts, including vaping liquids, concentrates, oils and tinctures, to its brand portfolio.

Supreme Cannabis also plans to enter the extracts category through its agreement with vaporizer firm Pax Labs Inc. Terms of the agreement call for Supreme Cannabis subsidiary 7ACRES to become one of only four licensed producers to supply cannabis pods for the PAX Era vaporizer in Canada.

Supreme Cannabis also intends to commercialize and develop a product lineup that includes extracts and oils through its partnership with Khalifa Kush Enterprises of Canada ULC. Its proposed acquisition of Blissco Cannabis Corp. will also provide for new product development – under the Blissco brand – of oils and topicals for the wellness consumer.

Regarding the cannabis extracts market, Supreme Cannabis CEO Navdeep Dhaliwal said in a news release, “Supreme Cannabis has positioned brands, secured partnerships and developed inputs to address this meaningful segment of the market and introduce high-quality cannabis products as early as possible.” Dhaliwal added that the cannabis-extracts market represents some 35 percent of industry sales in some legal U.S. states.

New Health Canada regulations are expected to come into effect October 17, 2019. On July 15, license holders can start to submit requests for license amendments. On October 17, license holders can begin to submit new product notifications. Mid-December 2019 is the earliest anticipated date when new products can be sold, per a Health Canada release (http://cnw.fm/TMh7z).

Supreme Cannabis is a Toronto-based company that is focusing on pursuing opportunities and generating sustainable growth in what it sees as an emerging global market.

For more information, visit the company’s website at www.Supreme.ca

NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://cnw.fm/SPRWF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks 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, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

Archives

Select A Month

Official NewsWire Relationships

Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo USA CBD Expo

CannabisNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722