- Proprietary oil formulation expected to be introduced in April 2019 for select markets with
roll out to additional provinces expected by the end of June 2019.
- The oil products will be produced using High-End CannabisTM grown by 7ACRES and formulated to preserve the
naturally occurring terpenes unique to the strain.
TORONTO, March 22, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX: FIRE)
(OTCQX: SPRWF) (FRA: 53S1) today announced that the Company expects its previously announced oil products line to be introduced
to adult-use consumers in select Canadian markets starting April 2019.
Supreme Cannabis plans to initially ship oil products to select markets before expanding distribution of its cannabis oil line
to additional provinces which is expected by the end of June 2019. Each bottle will contain a
proprietary blend of highly-purified cannabis oils and terpenes derived from plants grown by 7ACRES.
"Premium oils require premium cannabis," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "Our
formulation will leverage super-critical CO2 technology to produce a high quality, purified cannabis oil which we
re-formulate with the naturally occurring cannabis terpenes from our 7ACRES' High-End CannabisTM. The result is a
unique, plant-based cannabis oil that carries the award-winning qualities of our flower into an oil product for consumers looking
for a premium cannabis oil experience."
About Supreme Cannabis
The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF)
(FRA: 53S1) is a Canadian publicly traded company committed to providing premium brands and products that proudly reflect
its consumers, people and uniquely innovative culture. The Company's portfolio includes its wholly-owned subsidiary and
multi-award-winning brand, 7ACRES.
7ACRES is a federally licensed producer of cannabis operating inside a 440,000-square-foot facility in Kincardine, Ontario. 7ACRES is dedicated to providing consumers with a premium-quality product that
recognizes its customers are informed, discerning and value a brand and culture that aligns with their principles. 7ACRES brand
success has been reflected in its multiple award wins, including the "Brand of the Year" award at the 2018 Canadian Cannabis
Awards, and in provincial supply agreements where 7ACRES' product is consistently listed in the highest brand category available
to recreational consumers.
The Company's growing portfolio also includes an equity investment and long-term global distribution partnership with
Lesotho-based Medigrow for the exporting of medical-grade cannabis oil.
The Supreme Cannabis Company has been a leading innovator in the sector including the design of growing facilities and
development of operational excellence metrics. Together with our flagship brand, proprietary technology and products, unique
culture, and industry-leading team, we seek to deliver our shareholders consistent long-term value creation.
Stay Connected:
For more information, please visit The
Supreme Cannabis Company and 7ACRES websites.
Follow us on Twitter, Facebook, or Instagram.
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 the
expected roll-out of our oil products line 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 October 2, 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.
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SOURCE The Supreme Cannabis Company, Inc.
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