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Weed upstart The Supreme Cannabis Company Inc. (TSX:FIRE) could very well outperform Canopy Growth Corp (TSX:WEED)(NYSE:CGC) and deliver higher gains with the latest storm that hit the industry giant.
SEATTLE, March 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing The Supreme Cannabis Company (FIRE.TO) (SPRWF) (53S1.F). The cannabis industry may have been dominated by microcaps a couple years ago, but multi-billion dollar valuations, blue chip investments, cannabis-focused ETFs, and growing analyst coverage is helping it reach a new level of maturity. The wider market is finally starting to realize the cannabis industry’s significant potential in both medicinal markets, as a pharmaceutical alternative, and recreational markets, as an alcohol or tobacco alternative.
TORONTO, March 7, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX:FIRE.TO - News) (OTCQX:SPRWF - News) (FRA:53S1.F - News), today announced the strengthening of its board of directors (the "Board") with the appointment of a new independent director, Kenneth R. McKinnon, Q.C. As an experienced corporate executive and director, Mr. McKinnon brings substantial financial oversight and business advisory experience to the Company's Board. Mr. McKinnon is currently a Partner at Citrus Capital Partners Ltd. and serves on the board of Touchstone Exploration Inc., and Alvopetro Energy Ltd. His previous director experience includes Petrominerales Ltd. and Lightstream Resources Ltd. where he served as Chairman from 2011 -2016. Mr. McKinnon also served on the Board of Governors of the University of Calgary and as a Director of Alberta Innovates, holding positions on the Executive Committee and as Chairman of the Compensation and Governance Committees in each organization.
Now, cannabis is rapidly emerging around the globe as countries begin to reverse the laws and legalize its medicinal use again. While most countries are exploring opportunities within the medical cannabis sector, the proliferation of recreational cannabis is rapidly spreading throughout the western hemisphere of the world. Currently, the U.S. and Canada dominate the recreational sector, however, countries in Latin America are also looking to legalize cannabis for adult-use.
PALM BEACH, Florida, Feb. 20, 2019 /CNW/ -- Canadian cannabis companies are ramping up their operations and are also looking to take their expertise to nations around the world. With our Tier-3 cultivators license, our active focus is on medical tourism in Jamaica, having designed and constructed the first of our 'Ganja Café's' within a short tour bus ride from the cruise ship terminals in Ocho Rios," said Richard Bailey, President of R&D Pharma.
Over the last year, Canada approved its recreational use. Corporate America is using cannabinoids and hemp oil in everything from lotions and pain balm to beverages. President Trump signed the 2018 Farm Bill into law.
Cannabis companies are noticing a shift in the industry, with many businesses moving away from a cultivation-oriented focus and embracing the importance of branding. The Supreme Cannabis Company Inc. (TSX-V:FIRE.V - News) (OTC:SPRWF - News), Aurora Cannabis Inc. (TSX:ACB.TO - News) (NYSE:ACB - News), Canopy Growth Corp (TSX:WEED.TO - News) (NYSE:CGC - News), Curaleaf Holdings Inc. (CSE:CURA) (OTC:CURLF - News) and Green Growth Brands (CSE:GGB) (OTC:GGBXF - News) have all been making forays into the realm of cannabis branding and building retail awareness. The problem is that most companies have a production-oriented mindset, with a management team and corporate philosophy that shows.
TORONTO, Feb. 12, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX:FIRE.TO - News) (OTCQX:SPRWF - News) (FRA:53S1.F - News), announced the release of its financial and operating results for the three and six months ended December 31, 2018. Q2 2019 revenue for the Company was $7.72 million, a 359% increase from Q2 2018 ($1.68 million) and a 50% increase from Q1 2019 ($5.14 million). Q2 2019 net comprehensive loss for the Company was $1.55 million, compared to a net loss of $2.03 million in Q2 2018 and a net loss of $5.39 million in Q1 2019.
Three stocks from different industries, including Vermilion Energy Inc. (TSX:VET)(NYSE:VET), are expecting high growth in earnings ahead of them.
CORAL GABLES, FL / ACCESSWIRE / February 11, 2019 / The marijuana stock market has occupied media headlines over the course of the past couple of years, during the course of which top players in the industry saw huge boosts in investor interest. In recent news, lawmakers have pushed for the passing of legislation in favor of legalizing marijuana, and as a result, the marijuana stock market has responded well. ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the industry, is taking advantage of the fact that we are seeing a steady increase in consumer approval of cannabis and its myriad of uses.
TORONTO, Feb. 8, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX:FIRE.TO - News) (OTCQX:SPRWF - News) (FRA:53S1.F - News), is pleased to announce it has received approval from The Depository Trust Company ("DTC") of New York to make the Company's shares DTC eligible. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies.
Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot reporting on the CBD market As it grows, branding becomes essential to companies hoping to stand out. According to Brightfield Group analysts, the CBD market is expected to hit $22 billion by 2022, overtaking the cannabis market with $20 billion by 2020. This is good news for most companies in the sector, but it also adds to market saturation, which means brand awareness may be the only way to stay ahead of the pack.
Supreme Cannabis' wholly owned subsidiary, 7ACRES, has agreed to supply cannabis to retailers in the provinces of New Brunswick and Saskatchewan. TORONTO, Feb. 7, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX:FIRE.V - News) (OTCQX:SPRWF - News) (FRA:53S1.F - News) announced that the Company's wholly owned subsidiary, 7ACRES, has entered into a supply agreement with the New Brunswick Liquor Corporation to supply recreational cannabis to its retail stores and has been registered as a supplier in the province of Saskatchewan. Saskatchewan and New Brunswick become 7ACRES' seventh and eighth provincial partners alongside British Columbia, Alberta, Manitoba, Ontario, Nova Scotia and PEI.
Is Canopy Growth Corp (TSX:WEED)(NYSE:CGC) still a good marijuana investment, or does a Canadian competitor offer a better play?
TORONTO, Feb. 5, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX:FIRE.TO - News) (OTCQX:SPRWF - News) (FRA:53S1.F - News) today announced that it will be providing its second quarter financial results for the three months ended December 31, 2018 before markets open on February 12, 2019. The Supreme Cannabis Company (TSX:FIRE.TO - News) (OTCQX:SPRWF - News) (FRA:53S1.F - News) is a Canadian publicly traded company committed to providing premium brands and products that proudly reflect its consumers, people and uniquely innovative culture.
TORONTO , Feb. 4, 2019 /CNW/ - Navdeep Dhaliwal , CEO and Director, The Supreme Cannabis Company, Inc. (FIRE), joined Michael Kousaie , Vice-President, Strategy and Product Innovation, Toronto Stock Exchange ...
Cannabis News Listed securities of Supreme Cannabis Co. (TSXV: FIRE) (OTCQX: SPRWF) are expected to begin trading on the Toronto Stock Exchange on February 4, according to the company. At that time, Supreme Cannabis' common shares and 6.0% senior unsecured convertible debentures due 2021 will be voluntarily delisted from the TSX Venture Exchange and will […] The post Cannabis Stock News Daily Roundup February 4 appeared first on Market Exclusive.
Cronos Group Inc. (CRON), for example became the first cannabis company to list on the NASDAQ in early 2018. ''It's very significant for the company and the whole industry,'' said Mike Gorenstein, Cronos founder and CEO, as quoted by Bloomberg. Canopy Growth (CGC) listed on the NYSE in 2018, as did Tilray Inc. (TLRY).
TORONTO, Jan. 31, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSXV:FIRE.V - News) (OTCQX:SPRWF - News) (FRA:53S1.F - News) announced today that its listed securities are expected to commence trading on the Toronto Stock Echange (the "TSX") on February 4, 2019. At that time, Supreme Cannabis' common shares and 6.0% senior unsecured convertible debentures due 2021 will be voluntarily delisted from the TSX Venture Exchange and will commence trading on the TSX under the symbols "FIRE" and "FIRE.DB", respectively. On February 4, 2019, Supreme Cannabis will also participate in the market open ceremony.
7ACRES, a subsidiary of Supreme Cannabis Co. (TSXV: FIRE) (OTCQX: SPRWF), has received approval to increase production capacity of its facility in Kincardine, Ontario. "7ACRES-branded dried flower has received enthusiastic reviews from consumers across Canada. With this additional production capacity, we'll be able to better satisfy the demand from cannabis enthusiasts coast-to-coast," Supreme Cannabis President […] The post Supreme Cannabis Gets Approval to Boost Production at Kincardine Plant appeared first on Market Exclusive.
7ACRES receives Health Canada approval for approximately 30,000 sqft of additional production space. Licensed space at 7ACRES increases to 120,000 sqft and target annual production capacity is expected to increase to approximately 17,500kg. 7ACRES also received Health Canada approval for its plant micropropagation space.
SEATTLE, Jan. 22, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing The Supreme Cannabis Co. (FIRE.V) (SPRWF) (53S1.F). Through its 7ACRES subsidiary, the company operates one of the most successful premium cannabis brands in the market with over 300,000 sq. ft. of grow space and rapidly growing revenue. Investors may want to take a closer look at the stock as it scales up in 2019 and beyond.
Cannabis News PharmaCielo Ltd., the parent company of Colombia's cultivator and producer of medicinal-grade cannabis oil PharmaCielo Colombia Holdings S.A.S., issued a corporate progress update in preparation for its public listing on the TSXV under the ticker PCLO (TSXV:PCLO) on or about January 18. Headquartered in Canada, PharmaCielo is a privately-held firm that focuses on […] The post Cannabis Stock News Daily Roundup January 10 appeared first on Market Exclusive.
TORONTO, Jan. 9, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSXV:FIRE.V - News) (OTCQX:SPRWF - News) (FRA:53S1.F - News) announced today that it has received conditional approval from the Toronto Stock Exchange (the "TSX") to graduate from the TSX Venture Exchange ("TSXV") and list its common shares on the TSX. "Graduating to the TSX will broaden our investment appeal and leave us well positioned to execute on our strategic imperatives for 2019, which is why we're pleased to add this milestone to our list of accomplishments for the year," said Navdeep Dhaliwal, CEO of Supreme Cannabis.