Entries by Nicole Sale

Supreme Cannabis Announces Agreement to Partially Convert and Amend Debentures

Supreme Cannabis reduces principal amount to $36.5 million from $100.0 million Extends maturity date on $36.5 million of remaining Debentures to September 1, 2025 and reduces conversion price to $0.285 Reduces annual interest payments by over 50% TORONTO, August 4, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: […]

Supreme Cannabis Announces Change to its Board of Directors

TORONTO, July 3, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that Navdeep Dhaliwal resigned his seat on the Board of directors (the “Board”) effective June 30, 2020. As previously announced on April 27, 2020, Beena Goldenberg, Chief Executive Officer of Supreme Cannabis, […]

Supreme Cannabis Announces Leadership Transition as Company Accelerates Transformation into Premium Cannabis CPG Company

Supreme Cannabis Board Director and former President of Starbucks Coffee Canada, Colin Moore, appointed Interim President and CEO. Navdeep Dhaliwal departs Company, effective immediately. Interim CEO to leverage successful track record to accelerate growth and transformation strategy, while improving speed to market and rightsizing operating and capital spends. Search for new CEO to begin immediately. […]

Supreme Cannabis’ High End Brand, 7ACRES, Launches New Cultivar: Jack Haze

7ACRES launches new proprietary premium strain, Jack Haze. Jack Haze is 7ACRES’ first sativa-dominant strain with rare sensory characteristics. 7ACRES continues to achieve premium pricing with the launch of Jack Haze. TORONTO, SEPTEMBER 9, 2019 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), today announced that […]

Supreme Cannabis Announces the Closing of its Acquisition of Truverra

TORONTO, August 13, 2019 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce the closing of its acquisition of all of the issued and outstanding shares of privately-held Truverra Inc. (“Truverra”) (the “Transaction”). The Transaction was completed by way of a three-cornered amalgamation pursuant […]

Supreme Cannabis Provides Guidance for Positive Fourth Quarter 2019 and Fiscal 2020

Anticipates net revenue of approximately $19 million and positive Adjusted EBITDA1 for Q4 2019. Forecasts net revenue for fiscal 2020 to be between $150 million and $180 million, and positive Adjusted EBITDA1 for fiscal 2020. The Company will not pursue potential share consolidation approved at 2018 annual general meeting. TORONTO, August 13, 2019 – The […]

Supreme Cannabis Appoints New Chief Information Officer and VP of Talent

Ash Rajendra assumes role of Chief Information Officer. Valerie Rother assumes role of VP, Talent. Supreme Cannabis’ Board of Directors announce search for new independent director. TORONTO, July 24, 2019 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today that Ash Rajendra has joined the […]

Supreme Cannabis to acquire Truverra as it prepares for Legalization 2.0 and Global Medical Markets

Truverra’s Health Canada licensed facility in Toronto, ON to produce cannabis derivative products for Legalization 2.0. Truverra to serve as Supreme Cannabis’ global medical brand, building on existing R&D platform and established CBD offering in Europe. Skilled management team with decades of domestic and international experience in highly regulated industries, including life sciences and pharmaceuticals. […]

Supreme Cannabis to Close Acquisition of Premium Wellness Brand and Extraction Company Blissco

Blissco to expand Supreme Cannabis’ portfolio of premium cannabis brands into the wellness category. Will provide in-house extraction capabilities for other Supreme Cannabis brands, including 7ACRES. Will expand Supreme Cannabis’ product portfolio to include CBD and THC wellness products and pre-rolls. TORONTO, July 11, 2019 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the […]