Effective August 29, 2018 Supreme
Cannabis will begin trading on the OTCQX under the ticker symbol
SPRWF
TORONTO, Aug. 29, 2018 /CNW/ - The Supreme Cannabis
Company, Inc. ("Supreme Cannabis" or the "Company") (TSXV: FIRE)
(OTCQX: SPRWF) (FRA: 53S1), a leading Canadian cannabis company
committed to providing premium brands and products to adult
consumers, announced today that its shares of common stock were
approved for trading on the OTCQX® Best Market operated by OTC
Market Group.
The Supreme Cannabis Company stock will begin trading on the
OTCQX, effective today, under the ticker symbol "SPRWF." U.S.
investors can find current financial disclosure and Real-Time Level
2 quotes for the company on www.otcmarkets.com.
The OTCQX market is reserved for established U.S. and global
companies that meet high financial standards, provide timely news
and disclosure to investors, and have a professional third-party
sponsor introduction.
"We are excited about qualifying for the OTCQX market.
Considering the Company's anticipated growth outlook in the
near-term, which includes being on shelves coast-to-coast when the
legal recreational cannabis market launches on October 17, 2018, moving up to OTCQX is an
appropriate next step in the Company's growth plan," said
John Fowler, Chief Executive Officer
of Supreme Cannabis. "Being traded on OTCQX will allow for
greater exposure, accessibility, and liquidity for the investment
community as we continue to execute on our strategy of building a
global cannabis company."
About Supreme Cannabis
The Supreme Cannabis Company
(TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is a Canadian publicly
traded company committed to providing premium cannabis 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 a brand and
culture that aligns with their principles. 7ACRES brand success has
been reflected 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.
The Supreme Cannabis Company has consistently set the standard
for innovation in the sector, including the design of growing
facilities and development of operational excellence metrics. We
are confident that together with our flagship brand, proprietary
technology and products, truly unique culture, and industry-leading
team, we will deliver our shareholders consistent long-term value
creation.
Please
visit www.supreme.ca and www.7ACRES.com for
more information.
Forward-Looking Information
Certain statements made in this press release may constitute
forward-looking information under applicable United States and Canadian securities laws.
These statements may relate to anticipated events or results and
include, but are not limited to, expectations regarding our
regulatory environment and potential changes in law, the growth in
our capacity and sales, our future position of high quality product
and other statements that are not historical facts. Particularly,
information regarding our expectations of future results, targets,
performance achievements, prospects or opportunities is
forward-looking information. Often, but not always, forward-looking
statements can be identified by the use of forward-looking
terminology such as "may" "will", "expect", "believe", "estimate",
"plan", "could", "should", "would", "outlook", "forecast",
"anticipate", "foresee", "continue" or the negative of these terms
or variations of them or similar terminology. Forward-looking
statements are current as of the date they are made and are based
on applicable estimates and assumptions made by us at the relevant
time in light of our experience and perception of historical
trends, current conditions and expected future developments, as
well as other factors that we believe are appropriate and
reasonable in the circumstances. However, we do not undertake to
update any such forward-looking information whether as a result of
new information, future events or otherwise, except as required
under applicable securities laws in Canada. There can be no assurance that such
estimates and assumptions will prove to be correct. Many
factors could cause our actual results, level of activity,
performance or achievements or future events or developments to
differ materially from those expressed or implied by the
forward-looking statements, including, without limitation, the
factors discussed in the "Risk Factors" section of the Company's
Annual Information Form dated January 22,
2018 ("AIF"). A copy of the AIF and the Company's other
publicly filed documents can be accessed under the Company's
profile on the System for Electronic Document Analysis and
Retrieval ("SEDAR") at www.sedar.com. The Company cautions that the
list of risk factors and uncertainties described in the AIF is not
exhaustive and other factors could also adversely affect its
results. Readers are urged to consider the risks, uncertainties and
assumptions carefully in evaluating the forward-looking information
and are cautioned not to place undue reliance on such
information.
Although the Company believes that the beliefs, plans,
expectations and intentions contained in this news release are
reasonable, there can be no assurance those beliefs, plans,
expectations or intentions will prove to be accurate. This news
release shall not constitute an offer to sell or the solicitation
of an offer to buy securities of the Company nor shall there be any
sale of the Company's securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE The Supreme Cannabis Company, Inc.