The Supreme Cannabis Company Inc. (TSX: FIRE) (OTC: SPRWF) (FRA: 53S1) has started trading on the Toronto Stock Exchange (“TSX”). Effective February 4, the company’s listed securities began trading under ticker symbols ‘FIRE’ and ‘FIRE.DB’ (http://cnw.fm/uicA0).
This move is designed to support the company’s strategy of targeting premium brands, leverage its coast-to-coast distribution in Canada and aid in its expansion into the international cannabis market. The company will also focus on generating sustainable growth. The company’s common shares and senior unsecured convertible debentures due in 2021 were voluntarily delisted from the TSX Venture Exchange when trading began on the TSX.
The move to the TSX comes as the company’s future looks especially promising. Supreme estimates that its annual production target will grow early this year to full capacity, from its current 17,500-50,000 kg. (http://cnw.fm/B7EUj). The company is focused on penetrating the global cannabis market. Supreme sees its marketing effort in Canada – where it has achieved national wholesale distribution, operated retail stores and offers online availability – as especially appealing to legal-aged cannabis enthusiasts (“LACE”).
The Toronto-based company plans to grow in what it sees as an emerging global market and seeks to expand by satisfying the needs of LACE consumers for premium cannabis. Supreme is focused on producing quality product that commands higher price points than competitors. The company is deploying a timing strategy of “first in, wins,” when it comes to national listing success.
Supreme’s wholly owned subsidiary, 7ACRES, operates a 440,000-square-foot facility in Ontario, where it cultivates craft-quality cannabis on a commercial scale. The one-of-a-kind hybrid greenhouse uses advanced HVAC and CO2 enrichment, combining the best practices of indoor cannabis cultivation with the power of the sun.
In addition, Supreme has a long-term global distribution partnership agreement with Lesotho-based Medigrow for the export of medical-grade cannabis oil to Canada and other international markets.
For more information, visit the company’s website at www.Supreme.ca
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