RE: Having received the Final Order, Supreme Cannabis and BlissThis deal is looking better all the time SC with the coming "global premium wellness" access and the capacity expansion of the facility to 7mil tincture bottles by year's end. I think we see more expansion of the BC operation going forward of which Kettlewell/team would struggle with to get off the ground on their own....Supreme will get them where they need to go and gain the expertise of Kettlewell/team, the 'wellness' area is going to go big fast in Europe.
Fowler/team are hitting all the right areas of this 'budding' industry and as the sales start to hit their stride we are going to see some very nice growth while many in the industry correct to the downside. All the best, JMHO...Opt
Supreme Cannabis Closes $48 Mln Acquisition of Blissco
04:49 PM EDT, 07/11/2019 (MT Newswires) -- Supreme Cannabis (FIRE.TO) on Thursday said it closed the $48 million acquisition of cannabis processor and distributor Blissco as it expands into the global premium wellness category.
Supreme said Blissco's extraction operations will produce cannabis oil for more of its brands, and expects to have the capacity to produce 7-million tincture bottles annually by year end.
"In addition to accelerating Supreme Cannabis' entrance into Canada's wellness space, Blissco will provide the company with a future platform for entry into international wellness markets. Blissco has built its extraction labs to EU GMP standards and has initiated the EU GMP certification process," the company said in a release.
Supreme shares closed down $0.05 to $1.37 on the Toronto Stock Exchange
Price: 1.3700, Change: -0.0500, Percent Change: -3.52