CFNB Media Group has announced a publication on Supreme Cannabis Company (OTCMKTS:SPRWF) as a licensed producer obsessed with quality. Supreme operates one of the most flourishing cannabis brands in the market through their 7ACRES subsidiary with approximately 300,000 square feet of rapidly growing revenues. Investors may start taking a closer look at their stock with the expectation of it scaling up in 2019.
Canadian market growing
The Canadian cannabis industry expects to expand beyond C$22.6 billion in the next few years as a result of the legalization of hemp in the U.S. Many licensed producers are growing, and investors may soon start thinking of companies such as Supreme cannabis that emphasizing on quality
Supreme Cannabis is a high-quality premium producer, and in 2018 their 7ACRES brand received the Canadian Cannabis Award as the brand of the year. Its products get listed in the highest brand category under the provincial supply agreement. Their 440,000 square feet Ontario facility makes the company one of the only premium providers that are operating in the market at scale.
Supreme Cannabis increasing its value
The company has made tremendous progress in growing their shareholder value, and in their first year, they were the best revenue performers among the licensed producers and in the last quarter it generated the eighth highest revenue. In 2019 the company expects to continue growing through the Medigrow export channels, the launching of Khalifa Kush products as well as other initiatives that put the supreme cannabis on the radar.
The company recently announced approval to up list to the Toronto Stock Exchange from the TSX venture exchange which means there will be more investor interest as well as liquidity. The move will help close potential valuation discount between industry and the company.
Supreme Cannabis CEO, Navdeep Dhaliwal indicates that the uplisting will broaden the company’s investment appeal to position them well to execute their 2019 strategic imperative. The CEO added that they look forward to building on their accomplishments in making significant advancements that will cement 7ACRES’ position as a leading brand.