Today Supreme (FIRE.C) announced a supply agreement with Tilray (TLRY.Q). The value of this initial supply agreement is estimated to be in excess of $2 million. Dried cannabis provided to Tilray by Supreme subsidiary 7ACRES will be used primarily to support medical cannabis patients in Canada, including Tilray’s robust patient population.
7ACRES is a federally licensed cannabis producer operating a 342,000-square-foot facility in Kincardine, Ontario. 7ACRES is dedicated to providing consumers with a premium-quality product that recognizes its customers are informed, discerning and value a brand and culture that aligns with their principles.
Supreme has been on a tear lately.
Supreme did $5,309,671 in revenue with a gross profit of $4.5 million last year, mostly through B2B sales.
Head over to our friends at Equity Guru who have written a few in depth pieces on Supreme.