Supreme Cannabis Company Inc. (The) T.FIRE

Supreme Approved for Additional Production Capacity

[theTransporter]

Supreme Cannabis Approved for Additional Production Capacity

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NEWS PROVIDED BY

The Supreme Cannabis Company, Inc.

08:00 ET

 

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• Supreme Cannabis receives approval for additional 20,000 sq.ft. of flowering rooms at 7ACRES facility 
• New flowering rooms expected to support an increase in annual production potential to 13,330kg 

TORONTO, Sept. 5, 2018 /CNW/ - The Supreme Cannabis Company ("Supreme Cannabis" or the "Company") (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1), announced that it has obtained Health Canada approval to commence cultivation on approximately 20,000 square feet of additional flowering rooms at its 7ACRES facility.  

 

The additional flowering rooms will increase total potential flowering capacity to 90,000 square feet and, assuming a current yield, will bring 7ACRES' annual production potential from 10,000kg to 13,330kg.

"As the first coast-to-coast premium cannabis brand in Canada, 7ACRES is already one of the fastest scaling producers in the country.  This flowering room expansion continues to increase our capacity and improve our ability to meet the demand of cannabis enthusiasts upon legalization of adult use cannabis in Canada," said John Fowler, CEO of Supreme Cannabis.

Completion of flowering rooms at the 342,000-square foot 7ACRES facility remains on schedule for completion in December 2018.  With an annual production capacity expected to reach 50,000 kg once the 7ACRES facility is fully operational, the Company is committed to supplying premium-quality cannabis flower to the Canadian recreational market from coast-to-coast.

[Diemannschaft]

The news just keep on coming.

[maritimedreamer]

booo ya! Nice job supreme 

[theTransporter]

Let's see if the market shows FIRE some love today.  It's been left out in the cold for too long. Pre-market is rather weak.