FIRE Stock: Will Supreme Surge on the Most Recent Company News?

FIRE Stock

Is FIRE stock about to surge today? Supreme Cannabis (TSX:FIRE) (OTCQX:SPRWF) has made two big announcements in the last 24 hours that could excite investors. The company received approval for important expansion plans, and further, its highly-anticipated cannabis oil will soon hit shelves.

Let’s see what’s in store for FIRE stock moving on this.

FIRE Stock: New Cannabis Oil

The first announcement details Supreme’s upcoming roll-out of its cannabis oil line. This new line will be introduced in “select Canadian markets” in April 2019. Though the first markets have not been announced yet, the company will begin here and then expand distribution to additional provinces by the end of June.

All-in-all, the press release suggests that by July, Supreme’s new line of cannabis oil will be on sale across Canada.

The oils are derived from plants grown by Supreme’s wholly-owned subsidiary 7ACRES with each bottle containing “a proprietary blend of highly-purified cannabis oils and terpenes.

Capitalize off Cannabis
Sign up now to start receiving our investing insights for FREE!


Supreme Cannabis CEO Navdeep Dhaliwal says further:

“Premium oils require premium cannabis […] Our formulation will leverage super-critical CO2 technology to produce high quality, purified cannabis oil which we re-formulate with the naturally occurring cannabis terpenes from our 7ACRES’ High-End Cannabis.”

>> MedMen Stock on the Rise with $250k Gotham Green Investment

FIRE Stock: Supreme Expansion Approved

The second announcement that may encourage FIRE stock to increase is a big one. The company’s 7ACRES subsidiary has received expansion approval from Health Canada for six additional flowering rooms. This means an increase in total production space of 60,000 sq ft at its facility in Kincardine, Ontario.

Increased production space means increased output capacity. Now, 7ACRES’ annual production capacity will increase from approximately 17,500kg to 26,250kg.

But that is just for these rooms, according to the press release:

“Supreme Cannabis expects that with further production efficiencies following the licensing of all 25 flowering rooms, 7ACRES’ potential capacity is anticipated to reach approximately 50,000kg per year by mid-2019.”

With increased capacity and a new line of cannabis oils on sale very soon, Supreme is making the right moves for investors. Will FIRE stock react in kind to these press releases?

What do you think about Supreme’s cannabis oils and expansion plans? Are you a FIRE stock fan?

>> Read More Supreme News

Please See Disclaimer

Featured Image: Canva

If You Liked This Article Click To Share


1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Supreme Cannabis Company (“Supreme”) indirectly engaged Market Jar Media Inc. to issue this Article. Supreme engage MEPS Marketing (“MEPS”) as lead agency. MEPS engaged Native Ads Inc., who then engaged Market Jar. Market Jar Media Inc. has or expects to receive the following amounts from Native Ads Inc.: eighty seven thousand Canadian dollars for 15 campaign days (10 business days).

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on Market Jar Media Inc. should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Market Jar Media Inc.

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.

6) To the knowledge of Market Jar Media Inc., certain affiliates of MEPS own shares in the capital of Supreme. As Market Jar Media Inc. is not an affiliate of MEPS, it is unaware of whether MEPS will hold these shares in a long or short position.