Supreme Cannabis Company Inc. (The) T.FIRE

News

[nearnorth101]

 

Supreme Cannabis’ 7ACRES Facility is Fully Licensed.

This week, Supreme Cannabis’ 7ACRES facility in Kincardine, Ontario received licensing approval from Health Canada for multiple secure storage rooms, processing rooms and grow rooms. As announced on February 13th, subsequent to completion of final construction at 7ACRES, the Company submitted licence approval to Health Canada for an additional 20,000 square feet of flowering space and 10,000 square feet of vegetation and propagation space. With receipt of these licenses, the company expects to bring the additional 30,000 square feet of cultivation space online prior to the end of March, bringing total flowering, vegetation and propagation space to 280,000 square feet.

In addition to cultivation space, 7ACRES received licensing for four processing rooms, one laboratory and three additional secured storage areas. Processing space will be dedicated to value-add product manufacturing, final packaging and labeling activities. The licensing of 7ACRES’ laboratory allows for the facility to expand its internal analytical capabilities and allocate additional space to genetics R&D.

With additional operations rooms and cultivation space licensed, the Company looks forward to completing its transition to a consumer facing business and achieving further scaled efficiencies. As announced last quarter, 7ACRES has already realized greater operational efficiencies, improving its throughput trimming rate by 400% and increasing its packaging capacity by 200%.

[OptGreen]

This is very good news for many reasons nn, first it appears they are within weeks of the Dec guidance and should be close to/at full production for the better part of FQ4/20...and it is really good to see a NR to update, posittive to boot!! I added the lower part of the NR below, as Corona is the elephant in the room which could cause big problems with staff, production etc at such a critical

[Dunworkin2]

Can you share the link or source for the approval of the additional grow rooms from HC, thanks.

[ediabid]

    Supreme Cannabis’ 7ACRES Facility is Fully Licensed. This week

[Dunworkin2]

Thanks guys! That's another step forward and some positive good news.

[theTransporter]

Odd - didn't see an NR for this.  how was this disseminated?

[jfogarty12]

IF you sign up for  e_mails with Supreme the news was sent  that way Friday ...really wasn't  a News Release per say

[theTransporter]

If the markets continue Friday's end of day rally, they should release this in an official news release as the licenses are material news. Perhaps combine it with the first shipment of their PAX cartridges which they said would be released in Q3. Only a few weeks left.  They better not disappoint again. 

[johnale]

Just to add further proof of things turning around for supreme..  as per the release -  packaging up 200% and trimming 400% -  despite this!!!! -  - they have sold out of sensi star early (before next shipment) - multiple times in quebec- and have had to increase the amount/speed of shipments to the province.  - they sold out of jean guy online in alberta  - sold

[Dunworkin2]

Awesome news. If you can't find Supreme's sensi star or white widow at your local store, or prefer to shop in the comfort of your home to avoid covid-19, try shopping online at Cannmart. Just need to get your medical subscription first through NamasteMD, which is fast and easy.

[OptGreen]

Agreed 100% joh and there is plenty more shelf space available to fill...actions like the trimming and packaging up that much in the last month of FQ3/20 says they are not far off original guidance and close within reason to FQ4/20 estimates is going to go a long way in establishing a quality company....it says management knows what they are doing and what has to be done and it is necessary for

[brentkosta]

This post has been removed in accordance with Community Policy

[RealistGhost21]

You are absolutly right Brent, Supreme sales were around $9 millions Cad (not US of course) so the best outcome is that Supreme only sold a maximum of approx 1 500Kg od cannabis during Q2 (at an approx $6 per gram). It is because demands for their products does not exist. THIS IS A FACT!!!  To those who do not understand guess why they had approx 7000 kg in inventory at the end of Q2.

[johnale]

2 quarters ago - (19mil quarter) - 70% of sales were wholesale. Very little was going into rec market - and whatever was - was selling out.  Ocs increased prices to keep product on shelf. wholesale market collapsed - fire transitioned to retail - and only inserted an 12k bottling line in mid NOVEMBER.  Fire also lost 3 rooms - and had much less flower produced than anticipated in

[watchmeplz]

In my opinion, you sound like a exec, are you? Production costs way to high, not only here but across the board, I took 2 expense line items from this co., not even employee wages and it blew the lid off joint, not even enough for tsx listing fees, or even legal fees. It doesn't matter about tinctures, no one cares, another bad investment. Cannabis, why do you think canopy is divesting from

[Go0B3r]

Hey Watch, get your toothless face out your a$$ and stop hording all the toilet paper bud... you're ACMPR license will be worthless in the near future, and you should stop fighting the current.  Be smart and invest in your family's future so you can continue to be a parasite on society in other ways, because these prices are an absolute gift.  

[nearnorth101]

sent by Supreme in an email 

[RealistGhost21]

Really???  LOL

[RealistGhost21]

This is not a official news yet... probably something you pup out from your head. As long as it is not publicly announced by the compagny it is not true.