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Supreme Cannabis Company (CVE:FIRE) President on $100M Bought Deal
Supreme Cannabis Company Inc (CVE:FIRE) (OTCMKTS:SPRWF) (FRA:53S1) President John Fowler discusses the company’s recently completed $100 million bought deal with GMP Securities L.P. and BMO Capital Markets. Fowler also talks about the company’s partnership with Medigrow Lesotho, an operation with GMP certification and an annual production capacity of 40,000 litres of extracts. Medigrow Lesotho’s GMP certification provides Supreme with the opportunity to expand into additional international markets. Fowler emphasizes the company’s commitment to producing premium products and notes Supreme Cannabis’ Jean Guy strain, the most expensive SKU available on Alberta’s provincial online retailer, sold out. While in the near term Supreme’s medical channels are more lucrative, Fowler expects favourable margins in both spaces.