NEW YORK, Aug. 29, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced The Supreme Cannabis Company Inc. (TSX-V: FIRE;OTCQX: SPRWF; FRA: 53S1), a leading Canadian cannabis company focused on providing premium brands and products has qualified to trade on the OTCQX® Best Market. Supreme Cannabis upgraded to OTCQX from the Pink® market.
Supreme Cannabis begins trading today on OTCQX under the symbol "SPRWF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Trading on OTCQX will enable Supreme Cannabis to efficiently provide their U.S. investors with current information and greater transparency," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We are pleased to welcome Supreme Cannabis to our OTCQX Best Market and look forward to supporting the company as it builds long-term shareholder value."
"We are excited about qualifying for the OTCQX market. Considering the Company's anticipated growth outlook in the near-term, which includes being on shelves coast-to-coast when the legal recreational cannabis market launches on October 17, 2018, moving up to OTCQX is an appropriate next step in the Company's growth plan, said John Fowler, Chief Executive Officer of Supreme Cannabis. "Being traded on OTCQX will allow for greater exposure, accessibility, and liquidity for the investment community as we continue to execute on our strategy of building a global cannabis company."
Supreme Cannabis was sponsored for OTCQX by McMillan LLP, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About The Supreme Cannabis Company Inc.
The Supreme Cannabis Company is a Canadian publicly traded company (TSX-V: FIRE;OTCQX: SPRWF; FRA: 53S1) committed to providing premium cannabis brands and products that proudly reflect its consumers, people and uniquely innovative culture. The Company's portfolio includes its wholly-owned subsidiary and flagship brand 7ACRES.
7ACRES is a federally licensed producer of medical cannabis operating inside a 342,000-square-foot facility in Kincardine, Ontario. 7ACRES is dedicated to providing consumers with a premium-quality product that recognizes its customers are informed, discerning and value a brand and culture that aligns with their principles. 7ACRES brand success has been reflected in provincial supply agreements, where 7ACRES' product is consistently listed in the highest brand category available to recreational consumers.
The Company's growing portfolio also includes an equity investment and long-term global distribution partnership with Lesotho-based Medigrow for the exporting of medical-grade cannabis oil.
The Supreme Cannabis Company has consistently set the standard for innovation in the sector, including the design of growing facilities and development of operational excellence metrics. We are confident that together with our flagship brand, proprietary technology and products, truly unique culture, and industry-leading team, we will deliver our shareholders consistent long-term value creation.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.