Kincardine, Ontario:
Canada: Supreme Pharma raises $3.6mm to fund greenhouse expansion
John Fowler, CEO of Supreme stated, “one month ago we secured supply agreements with 5 Canadian medical marijuana Licensed Producers for substantially all of the expected output of “Phase 0” of our 7 acre hybrid greenhouse. Given the strong demand, we will begin “Phase 1″ expansion of an additional 80,000 sq. ft. of hybrid greenhouse area. The completion of Phase 1 is projected to increase total production capacity to over 10,000 kg per annum, subject to regulatory approval.”
Supreme is a Canadian publically traded company committed to becoming a leading supplier of affordable medical cannabis achieved by applying commercial agriculture practices to medical cannabis production. Supreme’s flagship facility is a 342,000 sq. ft. hybrid greenhouse located in Kincardine, Ontario, which has been designed to maximize production efficiencies allowing the Company to pass savings along to its future patients. Supreme is the first business-to-business focused Canadian Licensed Producer, offering finished goods and genetics to federally licensed Canadian Licensed Prodcuers.
