Supreme Cannabis Partners With Wiz Khalifa

Supreme Cannabis Partners With Wiz Khalifa To Produce Premium Cannabis Products

  • Supreme Cannabis and KKE intend to develop and launch premium cannabis products for Canada and global markets (excluding the United States).
  • KKE develops and markets unique cannabis related products, including the popular”Khalifa Kush” premium strain created with Wiz Khalifa.
  • Wiz Khalifa, a globally-recognized cannabis taste maker, will offer a selection of product development services to Supreme Cannabis.
  • The Supreme Cannabis Company, Inc. (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a cannabis investment company based in Toronto, and Khalifa Kush Enterprises Canada ULC an affiliate of Khalifa Kush Enterprises, LLC, 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 will be the exclusive producer of KKE branded products in Canada and, subject to certain approvals, global 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 is expected to include extracts, pre-rolls, capsules, and cannabis oils to be sold by Supreme Cannabis beneath the KKE brand.

    “In 2015 I saw an opportunity to introduce the highest quality cannabis products I love and love, to the American marketplace. KKE USA was the first move in bringing amazing cannabis and cannabis experiences to our customers,” stated Wiz Khalifa, principal of KKE. “Canada is an extremely important place to me with the idea for’Kush and Orange Juice’ being made in Toronto, it’s the perfect beginning for the international expansion of Khalifa Kush. My team and I have spent the past year finding a partner that shares our vision, values and passion for cannabis. The staff at Supreme Cannabis understands the importance of high quality cannabis and how to produce high quality cannabis at scale. I am very excited to be working together to deliver Khalifa Kush quality products to Canada and other international markets,” continued Wiz Khalifa.

    “Wiz is a globally-recognized cannabis taste maker and connoisseur. 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 growing the strain and working together with the cultivators to continue to improve quality batch-by-batch. With 7ACRES we’ve developed the first genuinely high-end cannabis brand of Canada based on our commitment to premium quality flower. We’re excited to be working with KKE Canada to create another brand with the same dedication to quality to keep the premiumization of our brand portfolio,” said John Fowler, President & Founder of Supreme Cannabis.

    Terms of the Partnership

    The arrangement comprises a consulting services agreement between Supreme Cannabis and KKE Canada and a brand adviser agreement with Wiz Khalifa, LLC (collectively, the”Partnership”). KKE Canada will consult on a broad selection of business and farming matters, including development cannabis strain selection and branding, consumer education and much more. The term of this Partnership is 5 years and may be extended by Supreme Cannabis for an additional 5 years, subject to certain 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 below the KKE brand internationally (excluding the United States). Expansion into international markets will be subject to legalization of cannabis products in these markets approval by KKE and receipts of all required regulatory approvals.

    The TSX Venture Exchange has conditionally approved the issuance of the Supreme Shares. Additionally, KKE Canada will receive 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 distinctively innovative culture. The portfolio of the Company comprises its wholly-owned subsidiary and flagship brand 7ACRES.

    7ACRES is a federally licensed producer of cannabis operating within a facility in Kincardine, Ontario. 7ACRES is dedicated to providing consumers with a product that recognizes its clients are educated, discerning and value a brand and culture that contrasts with their principles. 7ACRES brand success has been reflected in supply agreements, where 7ACRES’ merchandise is always listed in the brand class available to consumers. 

    The growing portfolio of the Company also has an equity investment and distribution partnership with Lesotho-based Medigrow for the of medical-grade cannabis oil.

    The Supreme Cannabis Company has set the standard for innovation in the industry, including the design of development of operational excellence metrics and developing facilities. We are confident that together with proprietary technologies, our brand and products distinctive culture, and industry-leading staff, we will deliver our customers consistent long-term value generation.

    About KKE 

    Khalifa Kush Enterprises is a global that is groundbreaking regulated cannabis brand. Founded in 2015 by Wiz Khalifa, Khalifa Kush Enterprises is changing the face of the marijuana industry with the mission of introducing highly curated products, high quality to lawful recreational and medical markets worldwide.

    SOURCE

    Published at Thu, 06 Dec 2018 16:52:34 +0000

    Posted in: News

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