- Supreme Cannabis to supply 7ACRES' premium brand recreational cannabis to Alberta's
private cannabis retailers and through AGLC's online consumer portal
TORONTO, July 5, 2018 /CNW/ - The Supreme Cannabis
Company, Inc. ("Supreme Cannabis" or the "Company") (TSXV:FIRE), today announced that the Company's wholly-owned subsidiary,
7ACRES, has entered into a supply agreement with the Alberta Gaming, Liquor & Cannabis Commission ("AGLC") to supply
recreational cannabis to Alberta's private cannabis retailers and the AGLC's online cannabis
store, www.albertacannabis.org.
Under the terms of the agreement, 7ACRES will supply the AGLC with recreational cannabis upon legalization. The AGLC has
communicated that they plan to evaluate product demand of the recreational market in order to inform their supply needs for the
remainder of the year.
"We are very excited to serve as a trusted partner to the AGLC and Albertans. Alberta
offers a unique opportunity for quality-driven brands as it is one of the most sophisticated private retail markets in the
country and its approach to retailing cannabis recognizes that ensuring quality and offering a selection of products are critical
steps towards impacting the illicit market," said John Fowler, CEO of Supreme Cannabis. "Supreme
Cannabis anticipates broad provincial acceptance that 7ACRES' lineup is a premium brand, and as such will be ranked as a top-tier
product in their stores."
Alberta becomes Supreme Cannabis' second provincial recreational partner. The Company will
provide updates on further provincial partners as they become available.
About Supreme Cannabis
Supreme Cannabis is a Canadian publicly traded company committed to becoming a leading cultivator and distributor of sun grown
cannabis through its wholly-owned subsidiary 7ACRES. 7ACRES is a federally licensed producer of cannabis pursuant to the ACMPR
operating inside a 342,000 sq. ft. Hybrid Facility. The Hybrid Facility combines the best technology of indoor production with
the efficiencies and sustainability of a greenhouse, in a single large-format production footprint. Please visit www.supreme.ca and www.7ACRES.com for more information.
Forward-Looking Information
Certain statements made in this press release may constitute forward-looking information under applicable securities laws.
These statements may relate to anticipated events or results and include, but are not limited to, expectations regarding our
regulatory environment and potential changes in law, the listing of 7ACRES's products in top-tier brand categories, entry into
agreements with future provincial partners and other statements that are not historical facts. Particularly, information
regarding our expectations of future results, targets, performance achievements, prospects or opportunities is forward-looking
information. Often, but not always, forward-looking statements can be identified by the use of forward-looking terminology such
as "may" "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "outlook", "forecast", "anticipate",
"foresee", "continue" or the negative of these terms or variations of them or similar terminology. Forward-looking statements are
current as of the date they are made and are based on applicable estimates and assumptions made by us at the relevant time in
light of our experience and perception of historical trends, current conditions and expected future developments, as well as
other factors that we believe are appropriate and reasonable in the circumstances. However, we do not undertake to update any
such forward-looking information whether as a result of new information, future events or otherwise, except as required under
applicable securities laws in Canada. There can be no assurance that such estimates and
assumptions will prove to be correct. Many factors could cause our actual results, level of activity, performance or
achievements or future events or developments to differ materially from those expressed or implied by the forward-looking
statements, including, without limitation, the factors discussed in the "Risk Factors" section of the Company's Annual
Information Form dated January 22, 2018 ("AIF"). A copy of the AIF and the Company's other publicly
filed documents can be accessed under the Company's profile on the System for Electronic Document Analysis and Retrieval
("SEDAR") at www.sedar.com. The Company cautions that the list
of risk factors and uncertainties described in the AIF is not exhaustive and other factors could also adversely affect its
results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking
information and are cautioned not to place undue reliance on such information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE The Supreme Cannabis Company, Inc.
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