Tag: SPRWF

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Completes Landmark Shipment of Premium Medical Cannabis Products to Israel

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently completed a landmark shipment containing Supreme Cannabis’ premium medical cannabis product from Canada to Israel (http://cnw.fm/8kJWr). An article discussing the company reads, “Supreme Cannabis interim president and CEO Colin Moore reported that the transaction, which was made possible through a partnership with Breath of Life International (BOL Pharma), represents a new international revenue opportunity for Supreme Cannabis and ‘builds Truverra’s global medical brand in one of the most sophisticated medical cannabis markets in the world.’ . . .‘With the support of BOL Pharma, we navigated both Canada and Israel’s complex regulatory landscapes to achieve compliance with regulatory authorities in both countries, including Health Canada, the Canadian Food Inspection Agency and Israel’s Ministry of Health and Ministry of Agriculture and Rural Development,’ Moore continued. ‘We benefitted from BOL Pharma’s skilled team, international experience and solidified position as a leading medical cannabis company in Israel. As we pursue capital-light international opportunities, we will continue to look to Jeff Adams, Truverra’s CEO, and his exceptional team to build Truverra’s medical brand globally.’”

To view the full article, visit http://cnw.fm/ObE0P

About Supreme Cannabis Company Inc.

Supreme Cannabis is a global, diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium, plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new-consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing, and R&D. For more information, visit the company’s website at www.Supreme.ca.

NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://cnw.fm/FIRE

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW – 5 Welcome Trends for Cannabis Amid Coronavirus Pandemic

The past few weeks haven’t been easy for most industries, starting as soon as parts of China started locking down to curb the spread of the Coronavirus. It quickly became apparent that a lot of industries rely on China for cheap raw materials, and as factories slowed down manufacturing in the country, most industries were faced with supply chain disruptions.

At the moment, the virus has infected over 1.9 million people and claimed at least 120,000 lives. Governments have been scrambling to flatten the curve, but most of the Coronavirus measures have wreaked havoc on the economy. However, one industry that’s still going despite the pandemic is cannabis. Marijuana dispensaries saw an almost 160% spike in demand, and most states with legal marijuana have deemed the sector essential.

With most cannabis businesses registering increased sales as millions of people file for unemployment and the economy slides into a recession, some have suggested that the industry may be recession-proof. Here are a few trends that say they might be right;

More people see cannabis as a medicine. Cannabis has always gotten a bad rap, with most anti-marijuana proponents arguing that it is a gateway drug. However, the decision by numerous state governments to declare cannabis essential was a game-changer. Among its very many medicinal applications, cannabis works great against stress and anxiety, making it a perfect companion during stressful times such as these.

Solitary consumption has always been a plus for marijuana. Although group sessions can be fun, they aren’t encouraged due to the Coronavirus pandemic, and marijuana lends itself beautifully to home consumption. Alcohol tends to be a social drug, and there have been a few cases of people meeting up for a pint despite the lockdown.

It doesn’t require a complex supply chain. Sure, companies that make vapes may rely on China for certain parts, but the marijuana itself is homegrown. And seeing as the virus attacks the respiratory system, you shouldn’t be smoking anyway. Most cannabis businesses that don’t rely on vape sales still have most of their supply chains intact, allowing them to keep operating during the lockdown.

Cannabis delivery services have experienced an upsurge of over 85% in demand the past few weeks. States such as Maine and Illinois have approved home delivery of marijuana as a way of reducing contact between employees and customers. With most people stuck at home, any business that can deliver will have an advantage over one that can’t.

Drug use often increases during times of financial difficulty. In fact, there is a long history of alcohol enjoying healthy sales while other industries declined, and cannabis seems to have joined this elite club. And while alcohol barely has any medical benefits, cannabis does, and it is a lot safer than alcohol. Its ability to reduce stress and anxiety makes it an invaluable companion to people looking for a safe drug to help them get through the pandemic.

Experts believe that cannabis industry actors like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) are seeing how they can pivot their strategies to take advantage of these emerging trends.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW – Study Finds Vaping Related Lung Injuries Were Few in States with Legal Marijuana

From August to November 2019, the nation was rocked with a crisis. Over 2,200 individuals were affected by e-cigarette or vaping, product use associated lung injury (EVALI), with over 47 individuals dying in 25 states. And with the growing popularity of vaping as a safe alternative to smoking, the crisis left the cannabis industry in quite a precarious position.

“The popularity of vaping is a central pillar of our forecasts of the future growth of cannabis sales, so it’s crucial for cannabis industry professionals to understand the impact the vaping crisis will have on the market and how best to adjust business strategies in its wake,” stated A Review Market Research and BDS Analytics.

While the crisis provided the anti-marijuana movement with ammunition against the nascent industry, marijuana reform advocates claimed that most of the cases were in states where marijuana was illegal. And according to a study published in an American Medical Association Journal, it seems they may have been right.

After analyzing the Centers for Disease Control and Prevention Data (CDC) on EVALI cases, researchers found that people in states where recreational marijuana is legal were significantly less likely to experience vaping related injuries than those in states where recreational marijuana is illegal.

The crisis was traced back to contaminated vaping cartridges, and people were more likely to find such defective vapes on the black market, compared to retail stores that sell tested and approved products. Published by the JAMA Network Open, the research letter shows that states with recreational marijuana shops had 1.7 EVALI cases per 1 million people while states without had 8.1 cases per I million people.

“The data suggests that EVALI cases were concentrated in states where consumers do not have legal access to recreational marijuana dispensaries. This association was not driven by state-level differences in e-cigarette use, and EVALI case rates were not associated with state-level prevalence of e-cigarette use. One possible inference is that the presence of legal markets for marijuana has helped mitigate or may be protective against EVALI.”

The researchers surmised that it is “possible that people in recreational states tend to purchase marijuana products at legal dispensaries, which may be less likely to sell the contaminated products that are thought to cause EVALI.”

This proves the theory that many industry stakeholders and observers have put forth: legalization is a great way to set quality control standards and ultimately, safeguard public health.

“It appears states that have legal access to marijuana have lower rates of EVALI cases which is consistent with the hypothesis that people have demand for marijuana products, and in states where they don’t have access to them in this regulatory fashion, they end up purchasing them elsewhere,” says study co-author Alex Hollingsworth.

These research findings are likely to vindicate cannabis industry players like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) who have always believed that consumers have a chance to consume high-quality products when cannabis is legalized and regulated.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW – Massachusetts Sees More Applications for Medical Marijuana Cards During COVID-19 Pandemic

As the novel Coronavirus keeps the world in a perpetual state of fear and uncertainty, Massachusetts has registered an upsurge in the number of people seeking medical marijuana cards. This has been a consistent theme in most states that allow medical marijuana, with both medical and recreational marijuana stores experiencing increased demand.

COVID-19 first appeared in Wuhan, China in late 2019 and three months later has infected over 1.3 million individuals and claimed at least 73,000 lives. The U.S. has become the epicenter of the Coronavirus pandemic with over 360,000 infections and 10,764 deaths. Understandably, most of the country has gone into lockdown, with people encouraged to stay indoors, and all but the most essential businesses are to shut down for the time being.

In many states, this included marijuana businesses. States like Colorado have even taken extra steps like allowing curbside pickups and home deliveries to keep employees and patients safe. And most of these states registered increased demand for marijuana, which many use to help with a variety of conditions including anxiety, insomnia, and chronic pain.

According to the Cannabis Control Commission (CCC), there were 1,300 new medical marijuana patients registered in Massachusetts between March 23 and April 1, compared to the 500 just 10 days prior. While some states designated both recreational and medical marijuana as essential, Massachusetts doesn’t allow recreational marijuana sales during the pandemic.

Before patients can apply for a medical marijuana card online, they must get a recommendation from a state-certified physician. And in accordance with social distancing directives, the CCC recently revised some of its rules temporarily to allow medical practitioners to certify new patients using telehealth. To be eligible, you must have a qualifying medical condition such as HIV or Parkinson’s disease.

According to marijuana store owners, a lot of their recreational marijuana customers use cannabis to treat severe anxiety and PTSD, and they hoped Governor Charlie Baker would classify them as essential. However, these hopes were dashed when the governor stated that classifying recreational cannabis stores as essential would create problems for the state.

“If we make recreational marijuana available, we are going to have to deal with the fact that people are going to come here from all over the place, across the Northeast and create problems for us with respect to the fundamental issue we are trying to solve here, which is to stop the spread. And for that reason and that reason alone, I think this is just a non-starter with us,” he said during a press conference.

Experts see the situation in Massachusetts as an eye-opener for marijuana companies like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) to learn that not all customers who buy from recreational cannabis outlets are doing so for purely recreational reasons.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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420 with CNW – Marijuana Prices Soar in Spain Due to COVID-19

Of the over 800,000 confirmed Coronavirus cases in the world, at least 100,000 are from Spain. The country has lost a little over 9,000 patients, and understandably, it has gone into lockdown mode to reduce the spread of the virus. This, coupled with regular hand washing and social distancing is the best way to prevent new infections.

However, the economic impact of the lockdown has been immense. With all but the most essential businesses closed and a large number of people currently unable to work, the economy has been in a steady decline. The situation has also resulted in a spike in marijuana prices in Spain, with hashish and cannabis selling at two or even three times their original price.

Ten days ago, a gram of marijuana would have cost a Spaniard $5.46 or $6.56, but now one would have to fork over $10.93 or even $16.39 for the same amount of cannabis. With all but the most essential supply lines shut down, moving marijuana has become difficult. In fact, the Civil Guard thwarted their shipments on Malaga’s beaches within the last nine days, further exacerbating the situation.

According to police sources, drug trafficking numbers are down due to the lockdown. “Before, there were many young people in the street selling. Now, obviously, you can’t see them,” says one policeman.

“It makes sense that the prices of narcotic substances go up. Police pressure is high and it’s no longer normal for certain people to walk the streets, or for certain vehicles to move at night. The priority is to guarantee what is established in the royal decree, so there is a lot of pressure on movements and a lot of paperwork,” he adds.

The fact that individuals who don’t comply with the Coronavirus-related directives are at risk of a €100 fine or up to one year prison time, on top of the fines for marijuana possession, is a big deterrent.

To avoid detection, sellers have come up with creative ways to sell marijuana. These include quick meetings in supermarket parking lots and for those who are extra careful, the seller hides the marijuana at an agreed-upon spot and gets paid by mobile phone. “This way you keep the security distance without problems because people get their supplies and don’t have to go out so many times,” says one salesman.

“The logic is the same as in supermarket shopping: buy more to go less,” he says.

Analysts say licensed marijuana industry actors like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) are hoping that the COVID-19 pandemic is brought under control long before cannabis supplies dwindle and the people who need these products fail to access them legally.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Completes First Cannabis Shipment to Israel; Provides Corporate Update Regarding COVID-19

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced the successful completion of its first international cannabis shipment from Canada into Israel. Supreme Cannabis partnered with Israel’s largest producer of medical cannabis and cannabis products, Breath of Life International Ltd. (“BOL Pharma”), to offer Truverra-branded premium medical cannabis to patients in Israel. Additionally, the company provided a corporate update regarding COVID-19, in which it detailed its efforts to mitigate risk and manage disruption to its operations. Per the update, minor external business disruptions including supplier and third-party testing delays have extended the launch dates for 7ACRES’ whole flower pre-rolls and PAX pods for the PAX Era vaporizer. They are now anticipated to launch during fiscal Q4 2020. “This transaction represents a new international revenue opportunity for Supreme Cannabis and builds Truverra’s global medical brand in one of the most sophisticated medical cannabis markets in the world,” Supreme Cannabis Interim president and CEO Colin Moore stated in the news release. “With the support of BOL Pharma, we navigated both Canada and Israel’s complex regulatory landscapes to achieve compliance with regulatory authorities in both countries, including Health Canada, the Canadian Food Inspection Agency and Israel’s Ministry of Health and Ministry of Agriculture and Rural Development. We benefitted from BOL Pharma’s skilled team, international experience and solidified position as a leading medical cannabis company in Israel. As we pursue capital-light international opportunities, we will continue to look to Jeff Adams, Truverra’s CEO, and his exceptional team to build Truverra’s medical brand globally.”

To view the full press release, visit http://cnw.fm/i4UwQ

About Supreme Cannabis Company Inc.

Supreme Cannabis is a global, diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium, plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new-consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing, and R&D. For more information, visit the company’s website at www.Supreme.ca.

NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://cnw.fm/FIRE

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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CannabisNewsBreaks – Supreme Cannabis Company Inc.’s (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) New Operating Structure to Boost Efficiencies, Promote Long-Term Growth

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) continues to grow its portfolio as it identifies new opportunities that align with its mission to cultivate the world’s best cannabis and be recognized as a leader in the global industry. An article discussing the company reads, “To support its plans for long-term growth and to drive efficiencies, Supreme Cannabis Company recently implemented a new operating structure. As part of this new structure, the company has expanded distribution of its 7ACRES brand through an enhanced retail-sales strategy and partnership with humble+fume Inc., one of North America’s leading distributors of cannabis accessories. Through this partnership, Supreme Cannabis plans to create the only sales force in Canada able to offer a complete solution of recreational cannabis brands and accessories to retailers. . . . ‘With the number of retail stores in Canada quickly growing and cannabis consumers making their purchase decisions in store, having representation at the individual store level provides an essential opportunity for our business to drive near-term revenue growth and support our transition to a cannabis CPG company,’ Colin Moore, recently appointed director and interim president and CEO of Supreme Cannabis, stated in a news release (http://cnw.fm/6RluT). ‘Our partnership with humble+fume allows us to realize industry-leading sales coverage and focus our sales and marketing efforts at the most impactful stage of the cannabis consumer’s journey. We enter the second half of 2020 focused on the opportunity to address the Canadian market with competitive consumer brands supported by an unmatched sales force.’”

To view the full article, visit http://cnw.fm/qc7nI

About Supreme Cannabis Company Inc.

Supreme Cannabis is a global, diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium, plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new-consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing, and R&D. For more information, visit the company’s website at www.Supreme.ca.

NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://cnw.fm/FIRE

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CanadianCannabisWire.com

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420 with CNW – Federal Agency Says Cannabis Businesses Aren’t Eligible for COVID-19 Disaster Relief

Marijuana businesses have been left between a rock and a hard place after the federal Small Business Administration (SBA) stated on Monday that marijuana companies aren’t eligible for relief to help cushion them against the Coronavirus pandemic.

Since the novel Coronavirus first appeared in Wuhan, China late last year, there have been over 450,000 confirmed cases and 21,000 deaths worldwide. Experts say that if the virus keeps spreading unabated, up to 70% of the world’s population might be infected before it runs its course. Understandably, countries have started implementing lockdown procedures to curb the spread of the disease.

This includes shutting down all but the most essential businesses, self-isolating, and personal distancing whenever you have to go out. And while these measures are essential during the pandemic, they have wreaked and will continue to wreak havoc on the economy. To help alleviate this, businesses meeting certain conditions will have access to disaster relief to help cushion the blow.

The marijuana industry, however, isn’t so lucky. Although several states have allowed marijuana within their borders, it still remains illegal at the federal level, and this denies it access to aid opportunities by federal agencies like the SBA.

“With the exception of businesses that produce or sell hemp and hemp-derived products that were federally legalized under the 2018 Farm Bill, marijuana-related businesses are not eligible for SBA-funded services,” stated a post by the agency’s Northwest branch in response to a tweet from a cannabis business owner inquiring about cannabis’ eligibility.

The SBA encouraged him to explore relief options provided by local or state agencies, stating that “even though federal law prohibits the SBA from providing direct assistance, there are great resources for small businesses from state and local sources.”

Carol Chastang, SBA public affairs specialist last week told the Cannabis Business Times that “because federal law prohibits the sale and distribution of cannabis, the SBA does not provide financial assistance to businesses that are illegal under federal law.” She goes on to say that businesses that aren’t eligible include marijuana growers and dispensaries and businesses that sell cannabis products, even if they are legal under state law.

This comes after a coalition of marijuana industry trade groups including the National Cannabis Industry Association National Cannabis Roundtable and the Cannabis Trade Federation signed a joint letter urging lawmakers to allow cannabis businesses access to disaster relief.

“The ineligibility of cannabis businesses for disaster relief assistance loans is especially inequitable given that these same businesses are required to comply with other Coronavirus related measures such as paid sick leave coverage,” state the letter in part.

“We are not seeking special treatment for state-legal cannabis businesses. We only seek to have them treated on an equal level as all other job-generating, tax-paying companies in this country.”

Experts believe that the news that cannabis businesses aren’t eligible for disaster relief will leave industry players like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) wondering when the cannabis industry in the U.S. will ever get the equal treatment that it rightfully deserves.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Focused on Driving Near-Term Revenue

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company committed to providing premium-cannabis brands and products, recently provided an update on its strategy and outlook for the remainder of fiscal 2020. An article discussing the company reads, “Supreme Cannabis reiterated its strategy to transition from a business-to-business model to a consumer-facing, premium-cannabis business. A focus on expanding its consumer-facing product portfolio is expected to drive near-term revenue with new high-quality brands and products for a variety of consumers hitting the market in the coming months. This expanded portfolio will be supported by an innovative sales model that achieves comprehensive distribution to cannabis retailers across Canada. . . . ‘As we realign our structure and expectations with the current state of the industry, I maintain my strong belief in Supreme Cannabis’ ability to drive near-term revenue growth, profitability and long-term value with new high-quality brands and products at every key price segment,’ Supreme Cannabis interim president and CEO Colin Moore stated in a news release. ‘I’m proud of the team’s progress and difficult work rightsizing the company’s cost structure and focusing the business on near-term revenue drivers. As one of the few licensed producers with completed cultivation infrastructure and in-house, value-added processing capabilities, as well as proven premium brands in the recreational market, we are well positioned to accelerate our CPG-focused transition. Our strong liquidity position, including the credit facility arranged by a tier-one bank, further ensures we have the capital necessary to execute going forward.’”

To view the full article, visit http://cnw.fm/qGu6p

About Supreme Cannabis Company Inc.

Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is a global, diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium, plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new-consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing, and R&D. For more information, visit the company’s website at www.Supreme.ca.

NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://cnw.fm/FIRE

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Inks Sales Agency Agreement with humble+fume

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently signed a landmark sales agency agreement with one of North America’s leading distributors of cannabis accessories — humble+fume (http://cnw.fm/nt7Jw). An article discussing the company reads, “SPRWF’s new agreement calls for humble+fume to act as the exclusive sales agent for Supreme Cannabis Company’s recreational products across Canada, achieving coast-to-coast coverage while, at the same time, creating an appealing sales proposition for retailers. The partnership establishes the only sales force in Canada able to offer a full cannabis solution that includes the sale of both cannabis and cannabis accessories, which are known as high-margin items for retailers. . . . ‘humble+fume is excited to have been chosen by Supreme Cannabis to be their coast-to-coast sales solution partner,’ humble+fume CEO Bob Ritchot stated in a news release. ‘With the rapid expansion of retail outlets in Canada, this well-timed, sales-agent agreement enables us to accelerate our retailer market coverage and build on our existing distribution to 85% of cannabis retailers across Canada.’”

To view the full article, visit http://cnw.fm/O8x0F

About Supreme Cannabis Company Inc.

Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is a global, diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium, plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing, and R&D. For more information, visit the company’s website at www.Supreme.ca.

NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://cnw.fm/FIRE

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CanadianCannabisWire.com

Please see full terms of use and disclaimers on the CanadianCannabisWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CanadianCannabisWire (CNW)
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Editor@CanadianCannabisWire.com