Supreme Cannabis and Khalifa Kush Enterprises Announce International Partnership

The Supreme Cannabis Company, Inc.. (TSXV: FIRE) (OTCQX: SPRWF), a cannabis investment company based in Toronto, and Khalifa Kush Enterprises Canada ULC (“KKE Canada”) an affiliate of Khalifa Kush Enterprises, LLC (“KKE USA”, and collectively with KKE Canada”KKE”), have entered into an exclusive consulting services agreement to develop and launch a lineup of premium cannabis products. KKE will offer cannabis related consulting services to Supreme Cannabis who are the exclusive manufacturer of KKE branded goods in Canada and, subject to certain approvals, international markets (other than the United States). This will have a strain to be developed by the parties in Canada according to KKE’s flagship”Khalifa Kush” strain. KKE and supreme Cannabis will work to develop and commercialize a product lineup that’s expected to include capsules, extracts, pre-rolls, and cannabis oils to be marketed by Supreme Cannabis beneath the KKE brand. “In 2015 I saw a chance to introduce the maximum quality cannabis products I love and enjoy, to the American market. KKE USA was the first move in bringing amazing cannabis and cannabis experiences to our customers,” said Wiz Khalifa, principal of KKE. “Canada is an extremely important place to me with the idea for’Kush and Orange Juice’ being created in Toronto, it is the perfect beginning for the international expansion of Khalifa Kush. My team and I have spent finding a partner that shares our vision, values and passion for cannabis. The staff at Supreme Cannabis understands how to create top quality cannabis at scale and the value of top quality cannabis. I am very excited to be working together to bring Khalifa Kush quality goods to Canada and other foreign markets,” continued Wiz Khalifa. “Wiz is a globally-recognized cannabis flavor maker and connoisseur. KKE has had incredible success in U.S. adult-use markets, establishing a brand that’s synonymous with ultra-premium quality, based on world-leading genetics. When I first met the KKE team, I was impressed by the character of the”Khalifa Kush” strain and the level of involvement and care Wiz had with developing the strain and working with the cultivators to continue to improve quality batch-by-batch. With 7ACRES we’ve developed Canada’s first cannabis brand based on our commitment to premium quality flower. We are excited to be working with KKE Canada to create another brand with the same commitment to quality to keep the premiumization of our brand portfolio,” said John Fowler, President & Founder of Supreme Cannabis. KKE Canada will consult on a broad selection of business and cultivation matters, including development cannabis strain selection and branding, consumer education and much more. The initial term of this Partnership is 5 years and may be extended by Supreme Cannabis for an additional 5 years, subject to conditions and the issuance of a number of common shares of Supreme Cannabis to be determined at the time of the renewal. Under the terms of the agreement, Supreme Cannabis is going to have three-year exclusive period to commercialize cannabis products under the KKE brand internationally (excluding the United States). Expansion into international markets will be subject to approval by KKE, legalization of cannabis products in those markets that are international and receipts of all necessary regulatory approvals. As partial consideration for the Partnership, KKE Canada will get 5,745,000 common shares of Supreme Cannabis (the”Supreme Shares”) and a CDN$1,000,000 initial cash payment. The TSX Venture Exchange has approved the issuance of the Supreme Shares. Additionally, KKE Canada will receive annual royalty payments paid over the duration of the Partnership calculated based on the sale of products. About The Supreme Cannabis Company, Inc.. The Supreme Cannabis Company, Inc.. (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is a Canadian publicly traded company dedicated to providing premium brands and products that proudly reflect its consumers, people and uniquely innovative culture. The portfolio of the Company includes flagship brand 7ACRES and its wholly-owned subsidiary. 7ACRES is a federally licensed producer of cannabis operating within a 342,000-square-foot facility in Kincardine, Ontario. 7ACRES is dedicated to providing consumers with culture that aligns with their fundamentals, discerning and value that a brand and a premium-quality product which recognizes its clients are informed. 7ACRES brand success was reflected in supply agreements, where 7ACRES’ merchandise is listed in the brand class available to consumers that were recreational.  The Company’s growing portfolio also has 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 industry-leading staff technologies and products, truly unique culture, and our brand, our customers value creation will be delivered by us. Stay Connected:For more information, please visit The Supreme Cannabis Company and 7ACRES websites. Follow us on Twitter, Facebook, or Instagram. About KKE Khalifa Kush Enterprises is a groundbreaking global controlled cannabis brand. Khalifa Kush Enterprises is changing the face of the marijuana industry with the mission of introducing top quality to lawful recreational and medical markets. These statements may relate to anticipated events or outcomes and include, but are not limited to, expectations concerning our regulatory environment and potential changes in law, the growth in our fiscal growth, production capacity and sales, our future position of top quality merchandise, our expansion of our distribution network and other statements which are not historical facts. Especially, information regarding our expectations of future outcomes, targets, performance opportunities, prospects or achievements is information. Often, but not always, forward-looking statements can be identified by the use of forward-looking language such as”may”,”will”,”anticipate”,”believe”,”estimate”,”plan”,”could”,”should”,”would”,”outlook”,”forecast”,”anticipate”,”foresee”,”continue” or the negative of these terms or variations of them or similar terminology. Forward-looking statements are current as of the date they are made and are based on applicable estimates and assumptions made by us at the appropriate time in light of our experience and perception of historical trends, current conditions and expected future developments, in addition to other factors we believe are appropriate and reasonable in the circumstances. However, except as required under applicable securities laws in Canada we do not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise. There can be no assurance that such estimates and assumptions will prove to be right. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the”Risk Factors” section of the Company’s Annual Information Form dated October 2, 2018 (“AIF”). A copy of the AIF and the business’s other publicly filed documents can be accessed under the business’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) in The Company cautions that the list of uncertainties and risk factors described in the AIF is not exhaustive and other factors. Readers are urged to consider assumptions, uncertainties and the risks carefully and are cautioned not to put undue reliance on such information.

Released at Thu, 06 Dec 2018 13:08:25 +0000

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