Cannabis has long been used for medical purposes and in recent decades has gained significant traction in becoming a common and preferred treatment for specific ailments. Cannabis is one of the fastest growing industries in North America and the fastest growing industry in the United States.
The ACMPR: In Canada, the Marihuana for Medical Purposes Regulations (“ACMPR”) are the commercial licenses that govern and allow enterprise to produce and sell medicinal cannabis to registered patients. Supreme, through its wholly owned subsidiary 7ACRES, obtained its ACMPR license to cultivate in March of 2016 for its 342,000 sq. ft. hybrid greenhouse.