Supreme Cannabis Announces Financial Results for Q1 2021

Continued strong revenue growth and operational efficiency 2021 First Quarter Highlights: Positive Adjusted EBITDA of $0.3 million 24% net revenue growth quarter-over-quarter 45 active retail SKUs, with presence in all 10 provinces Completed the third shipment of medical cannabis to Israel through its Truverra brand Maintains a strong liquidity position, including a cash balance of […]

Supreme Cannabis Enters into Supply Agreements with Medical Cannabis by Shoppers

TORONTO, November 12, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that the Company has entered into a supply agreement with Medical Cannabis by Shoppers Inc., a subsidiary of Shoppers Drug Mart Inc. Under the terms of the supply agreement with Medical Cannabis […]

Supreme Cannabis Announces Voting Results of the 2020 Annual General Meeting of Shareholders

TORONTO, Nov. 10, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce the detailed voting results for the 2020 Annual General Meeting of Shareholders (the “Meeting”), held on November 9, 2020. The following six nominees were elected to the board of directors […]

Supreme Cannabis Schedules First Quarter 2021 Financial Results Release and Conference Call

TORONTO, November 3, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it will be reporting its first quarter financial results for the three months ended September 30, 2020 after markets close on Monday, November 16, 2020. The Company will host a conference […]

Supreme Cannabis Announces Financial Results for Q4 and Full-year 2020

Established a platform for strong revenue growth and operational efficiency with a strengthened balance sheet. 2020 Fourth Quarter Highlights: Increased recreational sales net revenue by 27% quarter-over-quarter and 373% year-over-year, supported by brand expansion and the introduction of Cannabis 2.0 products 36 active retail SKUs listed, with presence in all 10 provinces Completed the first […]

Supreme Cannabis Amends Credit Facility

TORONTO, September 21, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announces that it has entered into an agreement (the “Credit Facility Amendment”) with its lenders to amend the three-year term credit facility initially announced on November 14, 2019 (the “Credit Facility”). Under the terms […]

Supreme Cannabis Effects Debenture Amendments

TORONTO, September 9, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that the previously announced amendments (the “Amendments”) to the terms of the Company’s outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018 (the “Debentures”), have been effected. In […]

Supreme Cannabis Schedules Fourth Quarter and Year-end 2020 Financial Results Release and Conference Call

TORONTO, September 3, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it will be reporting its fourth quarter financial results for the three months and year ended June 30, 2020 after markets close on Thursday September 24, 2020. The Company will host […]

Supreme Cannabis Files Prospectus Supplement

TORONTO, September 2, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that further to the previously announced amendments (the “Amendments”) to the terms of the Company’s outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018 (the “Debentures”), it has […]

Supreme Cannabis Obtains Approval from Debentureholders to Partially Convert and Amend Debentures

TORONTO, Aug. 31, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company“) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today that holders (the “Debentureholders“) of the Company’s outstanding 6.0% senior unsecured convertible debentures issued in October 2018 (the “Debentures“) have approved an extraordinary resolution approving the previously announced amendments to the terms of the Debentures. The following amendments, […]

Supreme Cannabis and KKE Canada Announce Mutual Termination of International Partnership

TORONTO, August 14, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and Khalifa Kush Enterprises Canada ULC (“KKE”), have mutually agreed to terminate their exclusive consulting services agreement (“the Agreement”) entered into on December 6, 2018. Supreme Cannabis and KKE amicably part ways in order to re-focus their […]

Supreme Cannabis Launches New Affordable Cannabis Brand Hiway

Supreme Cannabis addresses market demand for affordable high-quality products with the launch of its new brand, Hiway Hiway enters the Canadian cannabis market with Hiway Hash, a potent 2g solventless concentrate product for frequent cannabis consumers Hiway to introduce additional product offerings, including large format flower, additional concentrate products, extracts and vapes TORONTO, August 10, […]

Sugarleaf Launches New Convenience Products for the Modern Cannabis Consumer

Supreme Cannabis’ accessible sugarleaf brand introduces the sugarleaf boost sativa, the Company’s first 510 vaporizer cartridge sugarleaf expands the Company’s pre-roll offering with the introduction of 3×0.5-gram pre-rolls sugarleaf complements its milder and convenient cannabis product portfolio with Sugarleaf bloom, the Company’s first milled flower offering TORONTO, August 5, 2020 – sugarleaf, a recreational consumer […]

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 Q3 2020 Financial Results

Realigned and rightsized operating model delivers immediate cost savings, reducing quarter-over-quarter operating expenses by 23% excluding restructuring charges Increased recreational sales revenue by 245% year-over-year, grew recreational sales volumes by 26% quarter-over-quarter and is accelerating revenue generation with over 30 SKUs in provinces across Canada, new product launches and an enhanced retail distribution model Maintains […]

7ACRES Helps Consumers Discover their Cannabis Taste Buds

7ACRES launches interactive website to help consumers find their cannabis taste preferences, meetyourtastebuds.com. When choosing cannabis, THC is only part of the story; let your taste buds guide you. TORONTO, May 11, 2020 – 7ACRES, a division of The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is […]

Supreme Cannabis Third Quarter Earnings Release Scheduled For May 15, 2020

TORONTO, May 8, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it will be providing its third quarter financial results for the three and nine months ended March 31, 2020 before markets open on May 15, 2020. About Supreme Cannabis. The Supreme […]

7ACRES Launches New Craft Brand Extension, Craft Collective

7ACRES Craft Collective brings together some of the most sought-after cultivars, with a focus on high THC and quality, from the country’s most talented craft producers. Craft Collective will launch small batches of craft cannabis, hand selected by the experts at 7ACRES for specific provinces based on their cannabis preferences. The first strain launched under […]

Supreme Cannabis Appoints Beena Goldenberg as President and CEO

Beena Goldenberg, former CEO of Hain-Celestial Canada, a leading organic and natural products company, has been appointed as the Company’s new President and CEO to drive Supreme Cannabis’ long-term profitable growth as a premium cannabis CPG company Goldenberg succeeds interim President and CEO, Colin Moore, who led the transformation of the Company, streamlining costs and […]

Supreme Cannabis Announces At-the-Market Equity Program

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 24, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it has established an at-the-market equity program (the “ATM Program”) that allows the Company to issue and […]

Supreme Cannabis Completes First Shipment to Israel and Provides Corporate Update

Supreme Cannabis completes landmark international medical cannabis export from Canada to Israel Supreme Cannabis’ international medical brand, Truverra, to be sold through BOL Pharma’s network of pharmacies across Israel Supreme Cannabis provides update on corporate activities amid the COVID-19 pandemic TORONTO, April 2, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) […]

Supreme Cannabis Announces Q2 2020 Financial Results and Updated Plan for Accelerated Revenue Growth

Focuses business on accelerated, near-term revenue growth with enhanced, coast-to-coast sales partnership with humble+fume Enhanced cost structure and near-term revenue generating opportunities expected to drive profitable growth Reports 17% year-over-year net revenue growth and maintains a strong liquidity position with total cash and restricted cash balance of $55 million with $35 million of undrawn capacity […]

Supreme Cannabis Focuses Organization and Reduces Cost Structure to Accelerate Profitable Growth

Corporate positions decreased by approximately 33% and operational positions decreased by approximately 13% Total number of positions decreased by approximately 15% across the Company New structure focuses the business on accelerating revenue growth in the Canadian market TORONTO, February 11, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: […]

Supreme Cannabis Second Quarter Earnings Release Scheduled for February 13, 2020

TORONTO, January 30, 2020 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it will be providing its second quarter financial results for the three months ended December 31, 2019 after markets close on February 13, 2020. About Supreme Cannabis. The Supreme Cannabis Company, […]

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. […]