- The exclusive partnership with PAX Labs will enable Supreme Cannabis and its subsidiary, 7ACRES, to access the highly lucrative vaporizer market
- 7ACRES will become one of only four companies to supply cannabis oil pods for the PAX Era
- The partnership provides a significant strategic advantage to Supreme Cannabis due to PAX’s market penetration; currently, the company has over 1.5 million devices sold worldwide
A partnership between The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and PAX Labs Inc. will enable Supreme to become the foundational brand partner and supplier for premium vaporizer the PAX Era in Canada.
Pending the legalization of vaporization products in the country, Supreme Cannabis will become one of only four initial supply PAX Era partners, the company announced in a press release (http://cnw.fm/68qtH). This opportunity enables Supreme Cannabis to enter the lucrative vaporization product market. The company’s wholly owned subsidiary, 7ACRES, has been chosen as an initial partner that will create cannabis oil pods for the PAX Era.
PAX Labs is a market leader in the field of vaporizer products. Set up in 2007, the company aims to create a responsible and personalized cannabis experience for its users. In 2018, PAX became an award-winning consumer technology brand due to its focus on design and innovation.
The PAX Era is a cannabis oil vape pen. Its delivery method is precise and innovative, allowing for control over concentration, flavor, potency and temperature. Currently, PAX has over 1.5 million devices sold worldwide. A partnership with such a well-established entity is expected to provide Supreme Cannabis with opportunities for a quick and effective market.
“Supreme Cannabis is excited to be partnering with PAX to provide consumers with the ultimate vaporizing experience. Together, we expect to deliver 7ACRES’ multi-award winning flower extracted into oils exclusively for use in North America’s best-selling premium vaporizer, the PAX Era,” Supreme Cannabis CEO Navdeep Dhaliwal stated in a news release.
7ACRES is a leading Canadian brand in the high-end cannabis field. Expansion to new product categories is currently being undertaken while 7ACRES focuses on maintaining its high standards and quality, to which discerning customers have become accustomed, according to Dhaliwal.
As per the terms of the agreement, the 7ACRES vaporizer oil will be sold exclusively for use with the PAX Era. The new 7ACRES PAX Era pods will be sold in every jurisdiction where Supreme Cannabis has provincial supply agreements. It’s also possible that Supreme Cannabis will start creating cannabis pods for the PAX Era under a different brand.
The Supreme Cannabis Company has developed a global, diversified portfolio of cannabis companies, products and brands. The company established itself as a fast growing, premium cannabis and plant-driven lifestyle entity through a focus on sustainable growth and the development of high-quality products.
7ACRES, the Supreme Cannabis Company’s wholly owned subsidiary, is an award-winning brand that grows high-end cannabis. The company provides hand-crafted cannabis flower to discerning customers. Products are characterized by superior genetics, aroma, appearance, size and texture.
For more information, visit the company’s website at www.Supreme.ca
NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://cnw.fm/FIRE
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