TORONTO, Sept. 9, 2020 /CNW/ - The Supreme Cannabis
Company, Inc. ("Supreme Cannabis" or the "Company")
(TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that
the previously announced amendments (the "Amendments") to
the terms of the Company's outstanding 6.0% senior unsecured
subordinated convertible debentures issued in October 2018 (the "Debentures"), have been
effected.
In consideration of the reduction of the principal amount of the
Debentures by $63.5 million, among
other consideration, the Company issued an aggregate of 116.6
million common shares (the "Consideration Shares") and
$10,769 principal amount of accretion
debentures to Debentureholders and entered into a supplemental
trust indenture to implement the Amendments.
About Supreme Cannabis.
The Supreme Cannabis Company, Inc., (TSX: FIRE) (OTCQX: SPRWF)
(FRA: 53S1), is a global diversified portfolio of distinct cannabis
companies, products and brands. Since 2014, the Company has emerged
as one of the world's most premium producers of recreational,
wholesale and medical cannabis products.
Supreme Cannabis' portfolio of brands caters to diverse consumer
and patient experiences, with brands and products that address
recreational, wellness, medical and new consumer preferences. The
Company's recreational brand portfolio includes, 7ACRES, Blissco,
7ACRES Craft Collective, Sugarleaf and Hiway. Supreme Cannabis
addresses national and international medical cannabis opportunities
through its premium Truverra brand.
Supreme Cannabis' brands are backed by a focused suite of
world-class operating assets that serve key functions in the value
chain, including, scaled cultivation, value-add processing,
automated packaging and product testing and R&D. Follow the
Company on Instagram, Twitter, Facebook, LinkedIn and YouTube.
We simply grow better.
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SOURCE The Supreme Cannabis Company, Inc.