The Supreme Cannabis Company, Inc. (TSXV:FIRE), today announced that the Company’s wholly owned subsidiary, 7ACRES, has entered into a memorandum of understanding (“MOU”) with the British Columbia Liquor Distribution Board (“BCLDB”) to supply recreational cannabis to BC’s private cannabis retailers.
Under the terms of the MOU, 7ACRES will supply the BCLDB with 553 kg of cannabis over a 12-month period. All 7ACRES product will be listed in the top-tier brand category in BC – consistent with other provincial supply agreements 7ACRES has signed.
“British Columbia is a bellwether province for the recreational cannabis space – we consider it one of the most informed and discerning consumer markets for cannabis in the country. It is a testament to our brand, culture and our people that we will be listed in the highest brand category in BC,” said John Fowler, CEO of Supreme Cannabis.
British Columbia becomes Supreme Cannabis’ third provincial recreational partner alongside Manitoba and Alberta. 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.