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’sprivate 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. 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.
John Fowler, CEO of Supreme Cannabis
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.
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