The Supreme Cannabis Company, Inc., announced that the Company's wholly owned subsidiary, 7ACRES, has entered into supply agreements with the Nova Scotia Liquor Corporation ("NSLC") and the PEI Cannabis Management Corporation ("PEICMC") to supply recreational cannabis to their respective retail stores beginning October 17, 2018.
Nova Scotia and PEI become Supreme Cannabis' fifth and sixth provincial recreational partners alongside Ontario, British Columbia, Alberta and Manitoba. Supreme Cannabis joins a select group of leading cannabis companies that have secured supply agreements with five or more provinces to-date, including: Canopy Growth (TSX:WEED)(NYSE:CGC), Aphria (TSX:APH), Aurora (TSX:ACB), Tilray (NASDAQ:TLRY), and Organigram (TSXV:OGI).
"We are excited to finalize these agreements with the provinces of Nova Scotia and Prince Edward Island," said John Fowler, CEO of Supreme Cannabis. "We expect to be one of Canada's few producers who will be in stores coast-to-coast when the Canadian recreational market kicks off on October 17th, and the only major producer to be listing exclusively as a premium offering. We're eager for cannabis enthusiasts in both Nova Scotia and PEI to discover 7ACRES' offerings and experience what we believe to be the highest-quality cannabis being grown at scale in Canada."
The Company will provide updates on further provincial partners as they become available. With an annual production capacity expected to reach 50,000 kg once the 7ACRES facility is fully operational, the Company is committed to supplying premium-quality cannabis flower to the Canadian recreational market from coast-to-coast.