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Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.


TSX:FIRE - Post by User

Post by RReis09on Oct 07, 2020 10:46am
95 Views
Post# 31679734

Altria Is Going For Direct Play Into Cannabis:

Altria Is Going For Direct Play Into Cannabis:Tobacco giant Altria made a very public splash with its $1.8 billion investment in recreational cannabis in 2019. Since buying in, the company has been much more quietly trying to claim a long-term stake in the marijuana industry by patenting cannabis technology, public records show. In late August of this year, Altria, the parent company of cigarette brands including Marlboro and Parliament, filed two patent applications for vaporizer devices specifically designed for cannabis, according to United States Patent and Trademark Office filings. The company is also the current owner on two older vaporizer patents from the same inventor filed earlier and acquired through a sale, a company spokesman said. Those patents also specifically mention cannabis. Altria Tobacco company logo seen displayed on a smart phone American tobacco giant Altria is making a power[+] LIGHTROCKET VIA GETTY IMAGES The Altria cannabis devices have temperature controls meant to allow consumers to vaporize THC or CBD. The two best-known cannabinoids in marijuanaboth of which have specific medical applications, according to recent researchalso have different release points. Altria has long acknowledged that tobacco consumption is declining and has sought to diversify its offerings. Experts contacted for this article say the patents show how Altria is considering a more direct play in the marijuana market, and may be preparing for a future in which cannabis is a federal Food and Drug Administration-regulated commodityjust like tobacco. George Parman, an Altria spokesman, declined to discuss the companys specific plans for entering the cannabis market. Altria paid $1.8 billion for a 45 percent stake in Cronos Group, a publicly traded company based in Canada, where marijuana is federally legal. So far, Cronos has made only limited incursions into the United States, dabbling in the hemp and CBD markets. Altria still has an option to buy a majority stake in Cronos. DHL and Philip Morris operate logistics center
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