Tag: SPRWF

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Providing Premium Brands, Products to Cannabis Industry

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), together with its various divisions and operating assets, is focused on delivering quality products, securing synergistic industry partnerships and employing powerful distribution networks. An article discussing the company reads, “Each of SPRWF’s operating assets is very focused and aims to achieve excellence at its core function. With 7ACRES, the company has created a business that produces the highest-quality premium cannabis at scale. With the recent launch of Cambium Plant Sciences, a cannabis genetics firm located in Goderich, Ontario, Supreme Cannabis further focused 7ACRES’ operations, spinning out its successful genetics business into its own company. The company is investing approximately $14 million in the construction of a state-of-the-art, 34,000-square-foot research and development facility. Cambium’s aim is to lead the agricultural revolution of cannabis genetics, redefining consumer experiences and cultivation economics across the international cannabis industry.”

To view the full article, visit http://cnw.fm/ko7Va

About the Supreme Cannabis Company

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 by effectively deploying capital, with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly owned subsidiary and multi-award-winning brand; Blissco Cannabis Corp., a wellness cannabis brand and a multi-licensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant-genetics and cultivation IP company; Medigrow Lesotho, an cannabis oil producer located in Southern Africa; Supreme Heights, an investment platform focused on CBD brands in the United Kingdom and Europe; and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. 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)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

420 with CNW – Five Reasons Pennsylvania is Experiencing a Medical Marijuana Drought

A 21-year-old Dalton Hunsberger, who has Perkasie man’s epilepsy, uses medical marijuana to treat his seizures, nausea, and anxiety. However, according to his mother, it has been a challenge accessing the medicine for the past two months, because it sells out the minute it gets to the dispensaries.

According to several dispensary owners, Pennsylvania is on the brink of medical marijuana drought, which has prompted dispensaries to ration marijuana sales. A dispensary in Fishtown, Restore Integrative Health Care, has issued a limit of 7g limit per patient every day, 14g limit per day at Keystone in South Philadelphia and 28g in TerraVida Holistic Centers in Abington caps.

According to the CEO of Keystone Dispensaries, rationing was instituted so that more people could get access to medicine. The Department of Health in Pennsylvania is responsible for overseeing and regulating marijuana markets. Nate Wardle, the spokesperson of the department of health, say that Cannabis shortage is due to the ever-growing state medical marijuana program.

In Pennsylvania, there 60 plus cannabis retail shops which cater to more than 200,000 registered patients. According to the patients and patients’ advocates, the Department of Health which regulates marijuana markets is to blame for not anticipating the rise in demand; and for not ensuring that there are enough marijuana growers to meet the patients’ needs.

According to industry observers, medical marijuana drought is not only as a result of lack of expertise in regulating the fast-growing industry by state officials but also because;

  1. Some Marijuana Growers are not Cultivation the Crop

The number of growers in the state stays constant, while the number of patients and dispensaries continues to increase. In a state where there should 25 medical marijuana growers, only ten growers are active two years after attaining grower permits.

Pennsylvania awarded the first 12 permits in June to farmers, but only a few were qualified to proceed as some lacked the expertise while others did not have the financial capability to maintain plant growth.

Agrimed LLC was among the first to get the permit; however, the state has no plan of renewing the license because the company has not supplied the state with marijuana citing theft of the marijuana plants. Another company was Readings Franklin Lab who immediately after getting the permit tried to flip it for $20 million. Currently, the two companies are controlled by Harvest Inc. of Arizona, a beleaguered marijuana company.

The second round of permits was issued in July 2018, where the awarded companies promised to start supplying in a period of six months. However, none of them has shipped marijuana in over a year.

  1. Increased Number of Dispensaries

The number of approved dispensaries continues to skyrocket from the initial 43 at the beginning of the year to the present 67 of which 60 are fully operational. All dispensaries must be stocked with all the medicines from buds, vapes, oils, and concentrates. The dispensary owners are struggling to maintain inventory due to the increased competition.

  1. Increased Number of Registered Patients

When medical marijuana was approved, there were 17 qualifying conditions, but currently, there are 23 conditions. Among the qualifying conditions added are anxiety, opioid-use disorder, and Tourette’s syndrome. More than 3,000 patients registered when anxiety was approved. This put pressure on the existing supply of medicine.

  1. Patients are Ordering More Buds Instead of Vapes

Patients are ordering buds since they are cheaper than vapes. More so, because vaping has been linked to a lung ailment, even those who could afford the vape products are switching to dry flower, a reality that has caused a supply shortage.

  1. Presence of Mold, Microbial Spoilage that Results in no Harvest

In the months of July and August, Pennsylvania experienced a sudden onset of humidity which affected their crop significantly, resulting in little or no product to take to the market due to the damage by mold.

Experts believe that experienced marijuana industry players like Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) and The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) may have solutions to the medical marijuana production challenges being faced in Pennsylvania and the players there could do well to consult.

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

Do you have a questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

420 with CNW – UK Experts Want Medical Marijuana Free for All

The UK government has legalized the use of medical marijuana; however, accessing it is next to impossible. This has prompted professors, doctors, health experts, and politicians to sign letters petitioning the government to make medical marijuana free to all patients. To access medical marijuana for free, patients have to present a prescription from the NHS (National Health Service), which serves as the United Kingdom’s comprehensive, universal, and free-at-the-point-of-service system of medication.

It is legal to prescribe medical cannabis under particular conditions on the NHS system; however, there exist several restrictions and obstacles that hinder specialists from prescribing medical marijuana treatment to patients. The letter signed by the pharmacists, health experts, and members of parliament appeals to the UK Health Secretary Matt Hancock to lift these restrictions. The Members of Parliament representing the Liberal Democrats and Labour have also signed a letter to the Prime Minister, Boris Johnson, appealing to him to intervene for the patients who are unable to access medical marijuana prescriptions.

Doctors and politicians are ready to change the highly restrictive measures administered by the UK government regarding legal access to medical cannabis. The UK government system governing access to medical marijuana does not give access to those patients who highly need it, thus causing unnecessary deaths and addiction to painkillers which could be avoided by treating the patient with medical cannabis.

In their letter to Mr. Hancock, the health experts argue that the failure of the medical and pharmacy professions to embrace medical cannabis is the leading cause of death from conditions that could be prevented, such as epilepsy.

A recent study by Public  Health England concludes that a quarter of the population, ‘mainly adults’ consume strong painkillers, sleeping aids and antidepressants. The conditions forcing them to take these medications could be effectively and safely treated using medical marijuana.

Health experts in the UK want these restrictions lifted because it would make it easier for the doctors to prescribe medical cannabis for treatment using the NHS system. They want Hancock to scrape off the rule requiring a senior doctor to sign off on a prescription and allow a general specialist to write medical marijuana prescriptions. Besides, they want the laws governing the importation of medical marijuana simplified.

The proposed changes to medical marijuana could improve the lives of many patients because with a prescription from the medical provider; patients can access medical cannabis freely. Lack of access to medical cannabis prescription forces patients to seek the help of private caregivers who are very expensive; forcing the patients to turn to the use of unregulated weed for relief.

For the long term effect of free medical marijuana to be seen, professors, health experts and MPs advocate for the training of doctors on medical cannabis treatment and the process of prescribing. Medical cannabis should be prescribed to patients suffering from chronic pain, epilepsy, cancer, multiple sclerosis, depression and insomnia.

In response to the letter, NICE (National Institute for Health and Care Excellence) is opposed to the use of medical marijuana, citing lack of enough clinical evidence.

Industry analysts think that marijuana industry actors like The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) and The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) would wish that UK patients get as much access to Medical marijuana as those in Northern America.

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

Do you have a questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Expanding Globally through Strategic Partnerships

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) continues to capitalize on the growing cannabis industry and expand its global footprint through strategic partnerships. An article discussing the company reads, “SPRWF has entered into international partnerships to reach and meet the growing demand for recreational and medical cannabis. Khalifa Kush Enterprises (‘KKE’) entered into an international partnership with SPRWF to develop and launch a lineup of premium cannabis. KKE Oils are created with premium cannabis supplied by 7ACRES, the flagship brand of SPRWF, and the line consists of recreational-focused offerings. The products are among the first-ever recreational-focused cannabis oils in Canada and became available earlier this year. . . . As global demand for medical cannabis oil grows, SPRWF also benefits from its investment in Medigrow Lesotho. The two companies entered into a long-term global distribution partnership in March 2018. Medical cannabis oil will be produced by Medigrow in Lesotho and then exported to Canada and additional international markets.”

To view the full article, visit http://cnw.fm/W7yfD

About the Supreme Cannabis Company

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 by effectively deploying capital, with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly owned subsidiary and multi-award-winning brand; Blissco Cannabis Corp., a wellness cannabis brand and a multi-licensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant-genetics and cultivation IP company; Medigrow Lesotho, an cannabis oil producer located in Southern Africa; Supreme Heights, an investment platform focused on CBD brands in the United Kingdom and Europe, and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. 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)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Releases of Q4 and 2019 Fiscal Year End Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Tuesday announced the release of its financial and operating results for the fourth quarter and fiscal year ended June 30, 2019. Among the results, the company reported achievement of its first positive Adjusted EBITDA quarter of $3.2 million, a 90% increase in net revenue to $19 million in Q4 2019, up from $10 million in Q3 2019, as well as a 370% increase in fiscal total revenue to $41.8 million in 2019, up from $8.9 million in 2018. “We end fiscal 2019 as one of the few Canadian cannabis businesses building sustainable operations and valuable brands, reporting $3.2 million in Adjusted EBITDA for the fourth quarter,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Our positive Adjusted EBITDA and significant revenue growth in the fourth quarter reflects the rapid scale of our 7ACRES business and continued strong sales pricing for our brands from the provinces as we transition our premium supply to recreational sales channels.”

To view the full press release, visit http://cnw.fm/5YVzh

About Supreme Cannabis

The Supreme Cannabis Company 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 by effectively deploying capital, with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly-owned subsidiary and multi-award-winning brand; Blissco Cannabis Corp., a wellness cannabis brand and a multi-licensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant genetics and cultivation IP company; Medigrow Lesotho, an cannabis oil producer located in southern Africa; Supreme Heights, an investment platform focused on CBD brands in the UK and Europe and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. 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)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

420 with CNW – Congress to Vote on Marijuana Banking Bill This Month

A bipartisan bill that was drafted to protect the banks that accept marijuana businesses as clients will be put before the whole House for a vote this month, according to the office of the Majority Leader.

This decision was announced during a closed-door meeting of the Democratic Party lawmakers held on Thursday. The exact date hasn’t been agreed upon, but it will be this month.

Some lawmakers who attended that closed-door meeting revealed that there was a suggestion that the bill be voted upon after suspending the rules of procedure. If this were to happen, at least two-thirds of the lawmakers have to vote in favor of the bill if it is to pass.

The SAFE Banking Act currently has 206 cosponsors, which means that the advocates of this bill still have some work to convince more members to come on board so that the option of voting under suspended rules can result in success.

The suspension process also doesn’t allow lawmakers to make any changes to the law being considered, and this could be a potential flashpoint since it is possible that some legislators want to include other provisions, such as protecting banks that do business with hemp companies, before the bill is passed.

It isn’t entirely far-fetched to consider the possibility that a completely new bill may be tabled for a vote. This option is likely in case the lawmakers talked to those who are opposed to the SAFE Banking Act and new terms were agreed upon and included in the new version. This could explain why the idea of voting under suspended rules arises.

The SAFE Banking Act had been expected to receive a floor vote before the House went on recess in August, but this didn’t happen.

Meanwhile, the Senate Banking Committee is also getting set to vote on a marijuana banking bill. No date has been set, but committee chair Mike Crapo (R-ID) said on Thursday that a panel is getting the bill ready.

This announcement may have forced the hand of the Democrats in Congress since they have been unwilling to let the Republicans in Senate advance the marijuana law before the Democrats do anything along the same lines.

The Democrats have positioned themselves as the champions of marijuana law reform, so it is crucial, at least for perception purposes, for the bill in Congress to be voted upon before the Republican-dominated Senate considers a similar bill.

Regardless of the motives behind the timing of the House vote, analysts believe different members of the marijuana industry, such as The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) and The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF), will welcome this crucial legislation since it will make it easier for the industry to thrive.

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

Do you have a questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsBreaks – Supreme Cannabis Company Inc.’s (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES Launches New Proprietary Strain: Jack Haze

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that its wholly-owned subsidiary, 7ACRES, has launched Jack Haze, a new proprietary strain. Per the update, Jack Haze is 7ACRES’ first sativa dominant strain and delivers high THC content with a terpinolene forward profile with a complex aroma with notes of citrus, pine and warm spice. “Jack Haze’s novel name pays homage to the well-known Jack Herer strain, this cultivar’s expression possesses a unique Haze profile with a classic, sweet sativa smell and strong visual appeal,” Chief Advocacy Officer and Founder John Fowler said in the news release. “As we develop and introduce unique strains, we further differentiate 7ACRES’ high end flower offering and continue to achieve premium pricing across Canada.”

To view the full press release, visit http://cnw.fm/wT2G9

About Supreme Cannabis

The Supreme Cannabis Company 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 by effectively deploying capital, with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly-owned subsidiary and multi-award-winning brand; Blissco Cannabis Corp., a wellness cannabis brand and a multi-licensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant genetics and cultivation IP company; Medigrow Lesotho, an cannabis oil producer located in southern Africa; Supreme Heights, an investment platform focused on CBD brands in the UK and Europe and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. 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)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Fortifies Global Position via Truverra Acquisition

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) entered into a definitive agreement to acquire Truverra Inc. in mid-July. A recent article discussing the agreement reads, “The deal involves the transaction of 14.7 million common shares of Supreme Cannabis, with an approximate value of $20,000,000 (http://cnw.fm/kZ74p).  ‘The recent introduction of Health Canada’s amended cannabis regulations creates a distinct opportunity for Supreme Cannabis to establish a leading position in the cannabis extracts markets,’ Dhaliwal added. ‘With the acquisition of Truverra, we secure a Toronto-based facility equipped to extract our high-quality inputs for concentrates and vaping liquids in the near term.’”

To view the full article, visit http://cnw.fm/1eiQU

About the Supreme Cannabis Company Inc.

The Supreme Cannabis Company 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 by effectively deploying capital with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly owned subsidiary and multiaward-winning brand; Blissco Cannabis Corp., a wellness cannabis brand and a multilicensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant-genetics and cultivation IP company; Medigrow Lesotho, a cannabis-oil producer located in Southern Africa; Supreme Heights, an investment platform focused on CBD brands in the United Kingdom and Europe; and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. 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)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

420 with CNW – Mexican Senator Files Cannabis Legalization Bill as Supreme Court Deadline Looms

Barely a month before the deadline given by the Mexican Supreme Court compelling the government to pass legalization legalizing marijuana elapses, a senator has filed a bill to end prohibition.

Sen. Julio Menchaca Salazar, the chair of the Senate Judicial Committee and a member of the ruling party in the country, filed the bill that seeks to legalize the possession, cultivation and use of marijuana by adults.

The bill intends to amend two existing laws while also providing for the use of medical marijuana. The bill will also legalize the use of industrial hemp in the manufacture of textiles.

During a speech delivered on the floor of Mexico’s Senate, Salazar argued that the prohibition of marijuana only benefited criminal enterprises. He also pointed out that it was possible to legalize and regulate the marijuana market, and he cited the example of different states in the U.S. that had done so successfully.

The introduction of this bill was made just a week after the Mexican Senate announced that it was going to conduct a series of events that were geared at encouraging dialogue about the objectives and the likely challenges that may be faced while the legal cannabis industry is implemented.

Talk about reforming Mexico’s marijuana laws has been an ongoing thing, but the movement only gathered momentum after the Supreme Court made a crucial fifth ruling last year to the effect that the government was in violation of the constitution by prohibiting adults from consuming recreational marijuana.

That ruling effectively tied the hands of the government and forced it to begin working out how the recreational marijuana industry can be regulated. In fact, Salazar revealed that legislators would use their recess in the summer to draft a legalization law.

True to that promise, a bill was introduced from amongst the many that the public had been told about. Since this particular bill is coming from a leading figure in the ruling government, there is a high likelihood that it will be passed without major changes. President Lopez Obrador has also spoken in favor of legalization, so it is unlikely that the bill will encounter any serious hurdles.

When the bill is eventually passed and implementation begins, yet another neighbor to the U.S. will have legalized marijuana and this could apply subtle pressure on the U.S. to reform its own marijuana laws as reform advocates would refer to the success attained in those neighboring countries.

Industry analysts believe that marijuana industry players like The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) take comfort in the hope that marijuana reforms will eventually take place at the federal level in the U.S., so it is just a matter of waiting out this interim period.

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

Do you have a questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CBDNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Pursuing Opportunities in European CBD Health, Wellness Markets

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently debuted its London-based investment platform, Supreme Heights. The platform was launched to pursue opportunities in the United Kingdom and European CBD health and wellness markets. A recent article discussing the company reads, “‘Supreme Cannabis is positioned to quickly act on attractive opportunities and establish an early-mover advantage in the space,’ Supreme Cannabis CEO Navdeep Dhaliwal stated in a news release. ‘Supreme Heights will benefit from our experience launching some of the most premium cannabis brands in Canada and from the strong leadership and the deep industry connections of our UK partners.’ . . . Supreme Heights CEO Patrick Morton said that, with the guidance of Supreme Cannabis, his company would seek to make targeted investments in value-add categories and diverse segments including vaporizers, edibles, beverages, topicals and ancillary services.”

To view the full article, visit http://cnw.fm/tR42P

About the Supreme Cannabis Company Inc.

The Supreme Cannabis Company 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 by effectively deploying capital with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly owned subsidiary and multiaward-winning brand; Blissco Cannabis Corp., a wellness cannabis brand and a multi-licensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant-genetics and cultivation IP company; Medigrow Lesotho, a cannabis-oil producer located in Southern Africa; Supreme Heights, an investment platform focused on CBD brands in the UK and Europe; and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. 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/SPRWF

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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

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

Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer

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

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com