NetworkNewsBreaks – Supreme Cannabis Company Inc
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Posted On: 12/05/2019 4:29:06 PM
NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Provides Update on Infrastructure that Serves Dedicated Functions from Seed to Sale
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today provided an operational update on its focused infrastructure that serves dedicated functions from seed to sale. Per the update, the company leased its manufacturing, processing and packaging facility located in Kitchener, Ontario (“Supreme Cannabis Kitchener”) in response to internal requirements and foreseeable market demand. Supreme Cannabis Kitchener will function as a central manufacturing, processing and packaging facility for Supreme Cannabis brands and, once complete, a location where the company intends to package, distribute and brand third-party cannabis inputs from quality-focused cultivators. “With Supreme Cannabis Kitchener, we add the infrastructure to centralize internal processing and manufacturing and the ability to act as a packaging, manufacturing and distribution partner for third-party producers,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Centralizing this increasingly important function in the value chain will create manufacturing, packaging and distribution synergies across our brands and allow for our existing operating assets to maintain a focus on their core capabilities. With this manufacturing center of excellence, we gain the flexibility to respond to market trends such as working with third-party cannabis cultivators and long-term optionality to move into additional cannabis 2.0 product categories.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today provided an operational update on its focused infrastructure that serves dedicated functions from seed to sale. Per the update, the company leased its manufacturing, processing and packaging facility located in Kitchener, Ontario (“Supreme Cannabis Kitchener”) in response to internal requirements and foreseeable market demand. Supreme Cannabis Kitchener will function as a central manufacturing, processing and packaging facility for Supreme Cannabis brands and, once complete, a location where the company intends to package, distribute and brand third-party cannabis inputs from quality-focused cultivators. “With Supreme Cannabis Kitchener, we add the infrastructure to centralize internal processing and manufacturing and the ability to act as a packaging, manufacturing and distribution partner for third-party producers,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Centralizing this increasingly important function in the value chain will create manufacturing, packaging and distribution synergies across our brands and allow for our existing operating assets to maintain a focus on their core capabilities. With this manufacturing center of excellence, we gain the flexibility to respond to market trends such as working with third-party cannabis cultivators and long-term optionality to move into additional cannabis 2.0 product categories.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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