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Supreme Pharmaceuticals Targets United States in New Effort

Ryan Allway

July 23rd, 2014

News, Top Story

[stockchart symbol=SPRWF]

Supreme Pharmaceuticals Inc. [stockquote symbol=SPRWF], an aspiring producer of medical marijuana under Canada’s newly implemented Marihuana for Medical Purposes Regulations (“MMPR”), recently announced a new subsidiary targeting the U.S. cannabis market. Supreme Pharmaceuticals USA Inc. is evaluating opportunities in the State of Arizona, including edibles, cultivation, and dispensary operations.

“In an effort to be mitigate market and legislative risk, we would like to be an international company,” said Supreme Pharmaceuticals Inc.’s management team in a recent press release announcing the U.S. subsidiary. “We believe Arizona is a favorable market and we will begin evaluating various related ventures there to complement our Canadian property.”

Currently, Arizona permits the use of medical cannabis and many experts anticipate that it will permit recreational marijuana in the future. The company plans to use Arizona as a launch pad to enter the U.S. market and evaluate additional acquisitions in states such as Nevada, Florida, and more. Senior management is visiting the State of Arizona this week to begin looking at acquisition prospects.

Management also announced that construction at its Southern Ontario facility is progressing efficiently and the company anticipates inviting both Health Canada and the RCMP for final security inspection in early Fall. After a successful inspection, which is no guarantee, the company will receive final receipt of the commercial MMPR license permitting it to sell medical cannabis in Canada.

The U.S., like Canada, is an emerging market for medical cannabis, while Colorado and Washington have legalized the recreational use of marijuana. Many experts believe that states like Alaska could join Colorado and Washington in legalizing recreational marijuana, while many other states are in the process of legalizing medical marijuana in various forms and with various restrictions.

Shares of Supreme Pharmaceuticals Inc. moved marginally lower on Tuesday, July 22, 2014 following the announcement.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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