Effective August 29, 2018 Supreme Cannabis will begin trading on the OTCQX under the ticker symbol SPRWF
TORONTO, Aug. 29, 2018 /CNW/ – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a leading Canadian cannabis company committed to providing premium brands and products to adult consumers, announced today that its shares of common stock were approved for trading on the OTCQX® Best Market operated by OTC Market Group.
The Supreme Cannabis Company stock will begin trading on the OTCQX, effective today, under the ticker symbol “SPRWF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX market is reserved for established U.S. and global companies that meet high financial standards, provide timely news and disclosure to investors, and have a professional third-party sponsor introduction.
“Trading on OTCQX will enable Supreme Cannabis to efficiently provide their U.S. investors with current information and greater transparency,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “We are pleased to welcome Supreme Cannabis to our OTCQX Best Market and look forward to supporting the company as it builds long-term shareholder value.”
We are excited about qualifying for the OTCQX market. Considering the Company’s anticipated growth outlook in the near-term, which includes being on shelves coast-to-coast when the legal recreational cannabis market launches on October 17, 2018, moving up to OTCQX is an appropriate next step in the Company’s growth plan.
John Fowler, Chief Executive Officer of Supreme Cannabis
Being traded on OTCQX will allow for greater exposure, accessibility, and liquidity for the investment community as we continue to execute on our strategy of building a global cannabis company.
Supreme Cannabis was sponsored for OTCQX by McMillan LLP, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About The Supreme Cannabis Company Inc.
The Supreme Cannabis Company is a Canadian publicly traded company (TSX-V: FIRE; OTCQX: SPRWF; FRA: 53S1) committed to providing premium cannabis brands and products that proudly reflect its consumers, people and uniquely innovative culture. The Company’s portfolio includes its wholly-owned subsidiary and flagship brand 7ACRES.
7ACRES is a federally licensed producer of medical cannabis operating inside a 342,000-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 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 consistently set the standard for innovation in the sector, including the design of growing facilities and development of operational excellence metrics. We are confident that together with our flagship brand, proprietary technology and products, truly unique culture, and industry-leading team, we will deliver our shareholders consistent long-term value creation.
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