7ACRES to supply recreational cannabis to Alberta



The Supreme Cannabis Company, Inc. announced on Friday that the company's wholly-owned subsidiary, 7ACRES, has entered into a supply agreement with the Alberta Gaming, Liquor and Cannabis Commission to supply recreational cannabis to Alberta's private cannabis retailers and the AGLC's online cannabis store, www.albertacannabis.org.


Under the terms of the agreement, 7ACRES will supply the AGLC with recreational cannabis once it has been legalized. The AGLC has communicated that they plan to evaluate product demand of the recreational market to determine their supply needs for the remainder of the year.


7ACRES is licensed by the federal government to cultivate and distribute sun-grown cannabis grown in a 342,000-square-foot hybrid facility in Tiverton. The company is holding a series of job fairs with the aim of hiring 400 people over the next year as it expands its operation.


"We are very excited to serve as a trusted partner to the AGLC and Albertans,” said John Fowler, CEO of Supreme Cannabis said in a statement. “Alberta offers a unique opportunity for quality-driven brands as it is one of the most sophisticated private retail markets in the country and its approach to retailing cannabis recognizes that ensuring quality and offering a selection of products are critical steps towards impacting the illicit market. Supreme Cannabis anticipates broad provincial acceptance that 7ACRES' lineup is a premium brand, and as such will be ranked as a top-tier product in their stores."


Alberta becomes the company’s second provincial recreational partner. The company said it will provide updates on further provincial partners as they become available.