Supreme Pharmaceuticals, Inc, alternatively known as Supreme Pharma and Bioscience, is a former mining company and current biomedicine company in Canada. Its particularly delves on medical marijuana, with a greenhouse in Ontario and preparations underway for online product sales.
The company’s history goes way back to 1979, when it was founded. It went through various businesses and names such as Sonar Energy Company, US Platinum, Inc, and Universal Energy Corp. In 2007, it became Supreme Resources, Ltd, a junior mineral exploration company operating in BC for base and precious metals. Finally, in March 2014, the company pursued its new direction and became Supreme Pharmaceuticals, Inc.
Supreme Pharma is now on the Canadian Stock Exchange under the symbol SL, and on the US OTC markets under the symbol SPRWF. Its market cap is around USD 22.91 M.
The flagship of Supreme Pharma is the Supreme Greenhouse located in Kincardine, Ontario. Covering a total of 342,000 square feet, the facility will allot 280,000 square feet for growing cannabis and over 6,000 square feet for research and development. Supreme emphasizes that unlike many marijuana grow operations, which cultivate the plant indoors, the Supreme Greenhouse will use natural sunlight and supplement it with state-of-the-art equipment.
The company is now preparing to sell its marijuana products online, with an online shop and a customer discount program named CanAssist.
Supreme Pharma’s grow operations started with is acquisition of Advanced Medical Marijuana Canada (AMMCan). Preapproved by Health Canada, AMMCan may produce and distribute up to 24,000 kilograms of marijuana annually. After it became Supreme Pharma’s wholly owned subsidiary, AMMCan is now called Supreme Medical Marijuana (AMMCan Supreme).
Supreme Pharmaceuticals, Inc is led by Chairman, President, and CEO David Stadnyk, Executive VP Brayden R. Sutton, and Production Advisor Thaddeus Conrad. AMMCan executives meanwhile include CEO Peter M. Herburger, Director of Operations John Fowler, and Medical Director Dr. Kenneth Adams.
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NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of The Supreme Cannabis Company, Inc. (Other OTC: SPRWF) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Canopy Growth Corporation (NASDAQ: CGC). Click here to learn more and participate in the action. On April 8, 2021, Supreme Cannabis announced that it had signed an agreement to be acquired by Canopy for approximately $435 million. Pursuant to the merger agreement, Supreme Cannabis stockholders will receive 0.01165872 shares of Canopy common stock for each share of Supreme Cannabis common stock owned. The deal is scheduled to close in June of 2021. Bragar Eagel & Squire is concerned that Supreme Cannabis’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Supreme Cannabis’s stockholders. If you own shares of Supreme Cannabis and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at email@example.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information:Bragar Eagel & Squire, P.C.Melissa Fortunato, Esq.Alexandra Raymond, Esq.firstname.lastname@example.org
The following issues have been halted by IIROC:
Canopy Growth Corporation ("Canopy") (TSX: WEED) (NASDAQ: CGC) and The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or "Supreme") (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") under which Canopy will acquire all of Supreme Cannabis' issued and outstanding common shares (the "Supreme Cannabis Shares") in a transaction valued at approximately $435 million on a fully-diluted basis (the "Transaction").
POWELL RIVER, BC, March 18, 2021 /CNW/ - On February 4, 2021, Hai A. Trinh was found guilty in Powell River Provincial Court for fishing in a closed area of Desolation Sound, retaining undersize prawns, and other violations of the Fisheries Act.