FREDERICTON– New Brunswick has entered a supply agreement with a new cannabis company.
The Supreme Cannabis Company announced Thursday that it’s wholly owned subsidiary, 7ACRES, has entered into a supply agreement with the New Brunswick Liquor Corporation to supply recreational cannabis to Cannabis NB retail stores.
Supreme Cannabis also announced Thursday that it’s now registered as a supplier in Saskatchewan.
A Canadian publicly traded company, Supreme Cannabis Company’s portfolio includes 7ACRES, a federally licensed producer of cannabis operating inside a 440,000-square-foot facility in Kincardine, Ontario.
New Brunswick and Saskatchewan become 7ACRES’ seventh and eighth provincial partners alongside British Columbia, Alberta, Manitoba, Ontario, Nova Scotia and PEI.
“We’re excited to announce that 7ACRES-branded products will be available for adult-use in eight Canadian provinces coast-to-coast,” said Navdeep Dhaliwal, CEO of Supreme Cannabis, in a new release.
“In a short amount of time, 7ACRES has won multiple awards and received overwhelmingly enthusiastic consumer feedback. Our company has made it a priority to expand 7ACRES’ domestic distribution so that more Canadians will be able to experience our High-End Cannabis products.”
This will be Cannabis NB’s sixth supplier. Spokesperson Marie-Andrée Bolduc said via email they will be working with Supreme Cannabis on a “monthly basis to determine what is available in terms of quantities and products.”
Though adding another supplier is a positive thing, she said it won’t completely solve supply challenges Cannabis NB and other legal retailers across Canada are facing.
“Adding one supplier to our network will help diversify our portfolio of products, however, the national supply challenge will not stabilize overnight, it will be a slow and gradual process to get to a normalized supply level,” said Bolduc.”We will continue to have discussions with more licensed producers.