Supreme Cannabis Partners With Wiz Khalifa

Supreme Cannabis Partners With Wiz Khalifa To Produce Premium Cannabis Products

  • KKE develops and markets unique cannabis related products, including the favorite”Khalifa Kush” premium breed created with Wiz Khalifa.
  • Wiz Khalifa, a globally-recognized cannabis taste manufacturer, 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 establish 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 goods 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. Supreme Cannabis and KKE will work to develop and produce a product lineup that’s anticipated to include cannabis oils, capsules, extracts, and pre-rolls to be sold by Supreme Cannabis beneath the KKE brand.

    “In 2015 I saw a chance to introduce the highest quality cannabis products I love and enjoy, to the American marketplace. KKE USA was the first move in bringing amazing cannabis and cannabis experiences to our customers,” stated Wiz Khalifa, leader 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 growth of Khalifa Kush. My team and I have spent finding a partner that shares values our vision and passion. The staff at Supreme Cannabis understands the importance of top quality cannabis and how to create top quality cannabis. I am really excited to be working together to deliver Khalifa Kush quality goods to Canada and other international markets,” continued Wiz Khalifa.

    “Wiz is a globally-recognized cannabis flavor maker and connoisseur. When I first met the KKE team, I was impressed by the quality of the”Khalifa Kush” strain and the degree of involvement and care Wiz had with growing 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’re 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.

    Terms of the Partnership

    The arrangement includes a consulting services agreement between Supreme Cannabis and KKE Canada plus a new adviser agreement with Wiz Khalifa, LLC (collectively, the”Partnership”). KKE Canada will consult on a selection of farming and business 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 subject to conditions by Supreme Cannabis for another 5 years and the issuance of a number of common shares of Supreme Cannabis to be determined at the time of the renewal.

    Under the conditions of the agreement, Supreme Cannabis will have a 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 these markets and receipts of all necessary regulatory approvals.

    As partial consideration for the Partnership, KKE Canada will receive 5,745,000 common shares of Supreme Cannabis (the”Supreme Shares”) and a CDN$1,000,000 initial cash payment. The issuance of the Supreme Shares has been approved by the TSX Venture Exchange. In addition, royalty payments paid over the course of the Partnership calculated based on the selling of products will be received by KKE Canada.

    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 subsidiary.

    7ACRES is a federally producer of cannabis operating inside a 342,000-square-foot facility in Kincardine, Ontario. 7ACRES is dedicated to providing consumers with culture that aligns with their principles, discerning and value that a brand and a product which recognizes its customers are educated. 7ACRES brand success has been reflected in distribution agreements, where 7ACRES’ product is listed in the brand class available to consumers. 

    The Company portfolio also includes an equity investment and distribution partnership with Lesotho-based Medigrow for the exporting of cannabis oil.

    The Supreme Cannabis Company has set the standard for innovation in the industry, including the plan of development of excellence metrics and facilities. We’re confident that together with our flagship brand, proprietary technology and products, truly distinctive culture, and staff, our shareholders value generation will be delivered by us.

    About KKE 

    Khalifa Kush Enterprises is a global cannabis brand. Khalifa Kush Enterprises is rapidly changing the face of the marijuana industry that is controlled with the mission of introducing goods that are highly curated, top quality to recreational and medical markets worldwide.

    SOURCE

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

    Posted in: News

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