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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 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, […]
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 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: […]
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, […]
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 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 […]
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 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 […]
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 […]
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 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”) […]
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 […]
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: […]
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 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. […]
Canopy Growth Completes Acquisition of Supreme
/in 2021, Investor Relations, News, Press Release /by adminAcquisition solidifies Canopy Growth’s leadership position in the Canadian recreational market SMITHS FALLS, ON June 23, 2021 – Canopy Growth Corporation (“Canopy”) (TSX: WEED, NASDAQ: CGC) and The Supreme Cannabis Company, Inc. (“Supreme”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce the completion of the previously announced arrangement (the “Arrangement”) whereby Canopy has […]
The Supreme Cannabis Company, Inc. Obtains Final Order for Arrangement with Canopy Growth Corporation
/in 2021, Investor Relations, Press Release /by Nicole SaleToronto, Ontario (June 15, 2021): The Supreme Cannabis Company, Inc. (“Supreme”, the “Company” or “we”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is pleased to announce that it has been granted the final court order from the Ontario Superior Court of Justice (Commercial List) approving the plan of arrangement (the “Arrangement”) with Canopy Growth Corporation (“Canopy”), […]
The Supreme Cannabis Company, Inc. Announces Shareholder Approval of Arrangement with Canopy Growth Corporation
/in 2021, Press Release /by adminToronto, Ontario (June 10, 2021): The Supreme Cannabis Company, Inc. (“Supreme” or the “Company” or “we”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is pleased to announce that, at its special meeting (the “Supreme Meeting”) of shareholders of Supreme (“Supreme Shareholders”), Supreme Shareholders approved the plan of arrangement (the “Arrangement”) with Canopy Growth Corporation (“Canopy”), pursuant […]
Independent Proxy Advisors ISS and Glass Lewis Support Supreme’s Plan of Arrangement with Canopy Growth Corporation and Recommend that Shareholders Vote “FOR” the Arrangement Resolution
/in 2021, Investor Relations, Press Release /by Nicole SaleTwo institutional shareholders who represent in aggregate approximately 5.46% of the total issued and outstanding Supreme shares on a non-diluted basis have entered into voting support agreements Shareholders are reminded to vote “FOR” the arrangement resolution ahead of the voting deadline on June 8, 2021 at 10:00 a.m. (Toronto time) Don’t delay. Vote today: For […]
The Supreme Cannabis Company, Inc. Mails Information Circular for Special Meeting of Shareholders
/in 2021, Press Release /by adminToronto, Ontario (May 17, 2021): The Supreme Cannabis Company, Inc. (“Supreme”, the “Company” or “we”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that it has mailed a management information circular (the “Information Circular”) and related proxy materials for the special meeting of Supreme shareholders (“Supreme Shareholders”) to be held virtually on June […]
Supreme Cannabis Announces Financial Results for Q3 2021
/in 2021, Press Release /by adminMaintains market position and records third consecutive quarter of positive EBITDA 2021 Third Quarter Highlights: Positive Adjusted EBITDA[1] of $0.5 million Consolidated net revenue of $13.6 million 64 active SKUs as at quarter end, 9 new products introduced in Q3, with presence in all 10 provinces Maintains a strong liquidity position, including a cash balance […]
Supreme Cannabis Schedules Third Quarter 2021 Financial Results Release and Conference Call
/in 2021, Press Release /by Nicole SaleTORONTO, April 30, 2021 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it will be reporting its third quarter financial results for the three months ended March 31, 2021 after markets close on Thursday, May 13, 2021. The Company will host a conference […]
Canopy Growth to Acquire The Supreme Cannabis Company
/in 2021, Press Release /by Nicole SaleApril 8, 2021 – Canopy Growth Corporation (“Canopy”) (TSX: WEED, NASDAQ: CGC) and The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Supreme”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) under which Canopy will acquire all of Supreme Cannabis’ issued and […]
Supreme Cannabis Launches Sugarleaf THC Gummies
/in 2021, Featured, Investor Relations, News, Press Release /by George GretesTORONTO, March 8, 2021 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it has launched THC gummies under its sugarleaf brand. The first variety, Strawberry Peach, is being shipped to cannabis retailers in British Columbia, Saskatchewan, Alberta Manitoba and PEI, and is expected […]
Supreme Cannabis Announces At-the-Market Equity Program
/in 2021, Featured, Investor Relations, News, Press Release /by George GretesNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, March 3, 2021 – 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 Announces Closing Of $25.9 Million Bought Deal Public Offering Including Full Exercise Of Over-Allotment Option
/in 2021, Featured, News, Press Release /by George GretesTORONTO, Ontario (February 19, 2021) – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today the closing of its previously announced bought deal public offering (the “Offering”) of 83,490,000 units of the Company (“Units”) for aggregate gross proceeds to the Company of $25,881,900, including the full […]
Supreme Cannabis Announces $22.5 Million Bought Deal Financing
/in 2021, Featured, News, Press Release /by George GretesTORONTO, Feb. 16, 2021 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that it has entered into an agreement with BMO Capital Markets, on behalf of a syndicate of underwriters, under which the underwriters have agreed to buy on bought deal basis […]
Supreme Cannabis Announces Financial Results for Q2 2021
/in 2021, Featured, Investor Relations, Press Release /by George GretesContinued strong revenue growth and operational efficiency 2021 Second Quarter Highlights: Positive Adjusted EBITDA[1] of $3.6 million Consolidated net revenue of $18.3 million 54% net revenue growth quarter-over-quarter 52 active retail SKUs with 9 new SKUs introduced in Q2, with presence in all 10 provinces Completed fourth shipment of medical cannabis to Israel through its […]
Supreme Cannabis Announces Closing of $23 Million Overnight Marketed Public Offering Including Full Exercise of Over-Allotment Option
/in 2021, Press Release /by George GretesTORONTO, Ontario (January 29, 2021) – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today the closing of its previously announced overnight marketed public offering (the “Offering”) of 121,049,000 units of the Company (“Units”) for aggregate gross proceeds to the Company of $22,999,310, including the full […]
Supreme Cannabis Schedules Second Quarter 2021 Financial Results Release and Conference Call
/in 2021, Investor Relations, Press Release /by George GretesTORONTO, January 28, 2021 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it will be reporting its second quarter financial results for the three months ended December 31, 2020 after markets close on Thursday, February 11, 2021. The Company will host a conference […]
Supreme Cannabis Prices $20 Million Overnight Marketed Public Offering
/in 2021, Press Release /by George GretesNot for distribution to U.S. news wire services or dissemination in the United States. TORONTO, Jan. 26, 2021 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today the pricing of its previously announced overnight marketed public offering (the “Offering”) of units of the Company (“Units”) at […]
Supreme Cannabis Announces Overnight Marketed Public Offering
/in 2021, Investor Relations, Press Release /by George GretesTORONTO, Jan. 25, 2021 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that it has launched an overnight marketed public offering of units of the Company (the “Units”) at a price of $0.19 per Unit for gross proceeds of approximately $20 million (the […]
Supreme Cannabis Expands International Medical Cannabis Shipments
/in 2021, News, Press Release /by Nicole SaleSupreme Cannabis Completes its First Shipment of Medical Cannabis to Australia and Fourth Shipment of Medical Cannabis to Israel TORONTO, January 8, 2021 – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it has made its first shipment of medical cannabis to Australia in […]