Another cannabis licensed producer (LP) will be joining the top Canadian public exchange.
If approved, Supreme would join six fellow LPs on the TSX; the Canadian exchange would then have a total of 10 cannabis-related listings and two exchange-traded funds.
Navdeep Dhaliwal, CEO of Supreme, said in a statement to shareholders the uplisting will broaden the investment appeal of the company and aid in the execution of its plans for 2019.
Shares of Supreme rose nearly 10 percent during Wednesday’s trading session. At the close the cannabis company held a price of C$1.75 per share and remained unchanged in early trading on Thursday (January 10).
As with the rest of the Canadian public cannabis market, Supreme’s stock has faced a volatile path on the lead up and fallout of ault-use legalization in Canada.
Dhaliwal added the company will continue to push its brand and LP subsidiary 7ACRES as a premium suite of products.
At the 2018 Canadian Cannabis Awards, 7ACRES was awarded the brand of the year award.
As many cannabis companies have moved towards massive scale and production capabilities in the hopes of market dominance, Supreme has elected to instead stay within a very specific production frame.
“We don’t want our greenhouses to get too big, because we know that it’s just not that easy to fill them up, and what’s more, (we want) to fill them up with plants that have consistent quality,” John Fowler, president and founder of Supreme told the Financial Post.
According to Fowler the best cannabis available has been grown indoors in rooms just a bit bigger than a regular bedroom.
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Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Supreme Cannabis Company is a client of the Investing News Network. This article is not paid-for content.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).
Canopy Growth to Participate in BofA Securities Virtual Consumer & Retail Technology Conference on March 11, 2021
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) (“Canopy Growth” or “the Corporation”) announced today that EVP & CFO Mike Lee will be participating in a fireside chat at the BofA Securities Virtual Consumer & Retail Technology Conference on Thursday, March 11, 2021 at 9:30am ET .
Hill Street Beverage Company Inc. (TSXV: BEER) (“Hill Street” or the “Company”). The Company announces that further to its press release dated March 2, 2021, it has obtained TSX Venture Exchange approval to extend the closing date of its previously announced private placement of units (“Units”) until April 7, 2021. Each Unit is comprised of one (1) common share and one (1) warrant, exercisable for one common share at price of $0.11 per share, for a period of three (3) years from the date of Closing. The Company applied to extend the date of closing to allow a greater number of interested investors to participate.
For more information regarding the Company or the offering, please contact email@example.com, or