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Supreme Pharmaceuticals Inc. (SPRWF)

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Last Post: 7/24/2014 9:58:38 AM - Followers: 186 - Board type: Free - Posts Today: 4

 

Supreme Pharmaceuticals Inc. is a company dedicated to securing multiple producing medical marijuana facilities in Canada and applying for several MMPR commercial production licences. Pursuing these opportunities will provide the most long-term shareholder value.

Facility 1: South Okanagan

South Okanagan Producing Facility

Terms of The Option

Supreme Pharmaceuticals Inc. currently has an option to purchase the business from the Vendor for the total of $1.25M in cash and treasury shares. The company has already given an initial $150,000.00 in cash and $100,000.00 in shares to acquire the option.

About the Facility

As of the date of April 2014, the Vendor's business involves the growing of marijuana indoors through hydroponic processes for personal use in accordance with the MMAR. The Vendor began production in May 2013. Should the Vendor be successful in its application to become a licensed Producer, it will initiate a client registration process with the goal of commencing the sale and distribution of its products in late 2014.

The Vendor currently owns its own facility in Okanagan Falls, British Columbia. The Vendor has cost effectively facilitated Personal-use Production License holders production of monthly crops of approximately 16,000 grams/month of medical marihuana in full compliance with all regulatory authorities. In the application for the MMPR, the company has applied for a significantly larger amount for commercial production.

The medical marijuana currently produced by private license holders requires a strictly controlled and augmented growing environment tconsistently reach optimal plant characteristics in 90 days. The Vendor has designed and constructed 3 indoor purpose specific greenhouses, each of which are planted monthly, and harvested at 90 days.

Each greenhouse is fully climate controlled, with all key growing elements monitored and computer controlled to ensure consistent production. There are production elements, which require brief manual monitoring and intervention on a daily basis, but all key environmental functions are electronically controlled. The details of the process are highly commercially sensitive and valuable, and will not be disclosed until a full sale transaction is concluded.

The facility has been built to be fully compliant with all relevant building and safety requirements. All electrical, plumbing, security, and related plant and equipment are built to full commercial standards.

Dick Black's photo.

Facility 2: Southern Ontario


Southern Ontario Green House Facility

Supreme has closed its purchase of a 342,000 square foot green house facility. The facility is located approximately 100 miles outside of Toronto. This facility is where production will commence after installation of the required security measures and subsequent receipt of final MMPR approval. The Company has started the process of upgrading the property. The facility is located in a specially created high energy use industrial park. It is located next to an unlimited supply of electricity at a very competitive rate, has year round road access and is conveniently located in respect to shipping logistics. It appears that all local use permits are in place such that production can commence immediately upon receipt of the final MMPR license.

Facility Purchase Terms

The total purchase price of the facility was $4,500,000, of which Supreme paid $1,000,000 on closing out of available funds, and assumed a vendor mortgage of $3,500,000, payable on the second anniversary date from closing. No interest will accrue in the first year, but the mortgage bears interest at 7% during the remaining year.

Confirmation of AMMCAN being the acquisition for Facility 2:

The names below in the filings are confirmed to be with Ammcan:

http://www.cnsx.ca/cmsAssets/docs/Filings/2014/2014_06_02_19_31_48_SL_Form_9_Notice_of_Proposed_Issuance_of_Securities.pdf

Peter Herburger
Margita Herburger
Sarah Herburger
John Fowler
Aaron Ruimy

Local media sources the day after Green Rush Conference on June 27th:

This one has video of Facility 2
http://london.ctvnews.ca/medical-marijuana-facility-being-built-in-bruce-county-1.1889808

http://www.bayshorebroadcasting.ca/news_item.php?NewsID=67186

http://www.owensoundsuntimes.com/2014/06/27/kincardines-bruce-energy-centre-greenhouses-to-produce-medical-marijuana-with-up-to-100-new-jobs

Interview with CEO Stadnyk and John Fowler

http://vimeo.com/99268138


This confirms what Stadnyk says the community is on board
http://blackburnnews.com/midwestern-ontario/midwestern-ontario-news/2014/06/27/kincardine-gets-medical-marijuana-proposal/






 

Supreme CEO: David Stadnyk




Corporate Profile: USOTC: SPRWF - CNX: SL


Supreme is SEC filing exempt as a foreign listed company trading in the US under USOTC:SPRWF and in Canada under C:SL



Refer to the CSE for filings and corporate information.


Shares Issued & Outstanding:
185,682,362.
Per filing: 
http://www.cnsx.ca/cmsAssets/docs/Filings/2014/2014_06_30_11_59_42_SL_Form_10_Notice_of_Proposed_Significant_Transaction.pdf

Sedar Filings(Canadian version of SEC filings SPRWF is SEC filing exempt)
http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00006000

About Authorized Shares for Canadian Companies:

2.3.3 Description of the Classes of Shares
Describe the classes of shares of the corporation and the maximum number of shares the corporation is authorized to issue (usually unlimited) for each class. If there is more than one class of shares, you must specify the rights, privileges, restrictions and conditions for each.


https://www.ic.gc.ca/eic/site/cd-dgc.nsf/eng/cs04843.html



 


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Wiki
SPRWF News: Marijuana Advocates March on Washington D.C. 07/10/2014 10:26:10 AM
SPRWF News: Supreme to Attend Green Rush Financial Conference June 26, 2014 06/25/2014 01:25:01 PM
SPRWF News: Supreme Pharmaceuticals Inc.: South Okanagan MMPR Application Update 06/18/2014 09:15:00 AM
SPRWF News: Supreme Pharmaceuticals Inc. Commences Construction of Required Security Measures 06/06/2014 08:00:00 AM
SPRWF News: Supreme Pharmaceuticals Inc. Closes Corporate Acquisition 06/03/2014 08:00:00 AM
PostSubject
#10917  Sticky Note Supreme DD O/S update, Acquisition detail, News links, etc. sillylung 07/22/14 08:32:39 PM
#10687  Sticky Note OFFICIAL O/S update as of July 14th. With sillylung 07/19/14 02:54:15 PM
#9738  Sticky Note SPRWF - Daily and Weekly Charts The_Free_Nebula 07/10/14 11:15:03 PM
#5937  Sticky Note I find this to be KEY information. I Alexandergustavo 05/23/14 04:29:45 AM
#31  Sticky Note I am... I saw your post and was Hardcopy007 03/21/14 11:30:35 AM
#10990   Wow the Arizona adventures of permanently tanned CEO bgrass1 07/24/14 09:58:38 AM
#10989   They love to smoke in az! sillylung 07/24/14 12:31:12 AM
#10988   Nice stats! itsthebox50 07/24/14 12:15:39 AM
#10987   Wow, nice post!!! Hopefully Supreme can grab a wiseguy13 07/24/14 12:01:41 AM
#10986   Grass in stocks, is anything for certain? wiseguy13 07/23/14 11:58:40 PM
#10985   https://m.youtube.com/watch?v=6pt2ecs6DpQ sleekscape 07/23/14 11:35:25 PM
#10984   http://mmjbusinessdaily.com/azs-mmj-dispensary-revenues-projected-to-reach-440-million-by-2016/ & blindjohn 07/23/14 11:33:03 PM
#10983   Oh he will. The turpines are strong in blindjohn 07/23/14 11:21:54 PM
#10982   Whoop whoop sounds like stadnyk sniffing out something juicy! sillylung 07/23/14 09:40:21 PM
#10981   Great info, I hope the dd pans out! blindjohn 07/23/14 09:27:36 PM
#10980   Medical Marijuana Dispensaries in Arizona May be Most itsthebox50 07/23/14 09:08:20 PM
#10979   Lol sillylung 07/23/14 08:56:38 PM
#10978   Backer up boys...I gots a big load to TooYoungToDie 07/23/14 08:54:30 PM
#10972   http://www.crainsnewyork.com/events-calendar/details/4/3186516# thats the lin sillylung 07/23/14 06:31:21 PM
#10971   Investor Event: "The Business of Pot: The Stakes TKane 07/23/14 06:28:21 PM
#10970   Nice effort your putting into bashing these days. blindjohn 07/23/14 06:13:31 PM
#10969   Then why do you have shares here? What's sillylung 07/23/14 06:10:56 PM
#10968   It means it probably won't happen in the bgrass1 07/23/14 06:06:52 PM
#10967   I don't get it please explain. sillylung 07/23/14 06:02:30 PM
#10966   The operative word is "anticipates", which means "maybe/possibly". bgrass1 07/23/14 05:58:48 PM
#10965   Ya disaster green or red for grass. sillylung 07/23/14 05:58:20 PM
#10964   Yeah, the more wires SPRWF hits, the lower bgrass1 07/23/14 05:56:52 PM
#10963   Neb, pointed out to me who the ticker sillylung 07/23/14 05:52:55 PM
#10962   He got a free tan in arizona. lol sillylung 07/23/14 04:56:17 PM
#10961   haha YEAH, pin stripe! seriously buddy? He's Admiral Frack 07/23/14 04:16:33 PM
#10960   Wiseguy, I logged in to Seeking Alpha and blindjohn 07/23/14 03:28:21 PM
#10959   Anyone see this? wiseguy13 07/23/14 03:18:25 PM
#10958   Management also announced that construction at its Southern wiseguy13 07/23/14 03:04:51 PM
#10957   Hitting more wires. http://www.baystreet.ca/viewarticle.aspx?id=418127 sillylung 07/23/14 03:04:49 PM
#10956   someone dump some .071s!!! wiseguy13 07/23/14 03:01:27 PM
#10955   this is prolly why Supreme picked Arizona, easier wiseguy13 07/23/14 02:52:09 PM
#10954   grASS sell your shares into the bid please!!! wiseguy13 07/23/14 02:50:56 PM
#10953   Just curious - how many shares do you blindjohn 07/23/14 02:08:58 PM
#10952   He doesn't like stadnyks tan or his pinstripe sillylung 07/23/14 02:08:30 PM
#10949   You are naive. Guess why the permanently tanned bgrass1 07/23/14 01:41:44 PM
#10948   Only an individual who is at least 21 sillylung 07/23/14 01:29:52 PM
#10947   That's my thought. Dispensary route would be excellent blindjohn 07/23/14 01:28:26 PM
#10946   To tell the truth Im not concerned about wiseguy13 07/23/14 01:28:05 PM
#10945   Well, as a person who lived in Arizona Bojangles69 07/23/14 01:26:11 PM
#10944   Alright cool wiseguy13 07/23/14 01:24:45 PM
#10943   The department is expected to accept additional applications sillylung 07/23/14 01:14:49 PM
#10942   whats Arizona situation? MMJ trying to rec or wiseguy13 07/23/14 01:07:59 PM
#10941   So what would be the best in Arizona: itsthebox50 07/23/14 12:58:30 PM
#10940   "$SPRWF Exec's are currently in #Arizona doing further blindjohn 07/23/14 12:55:21 PM
#10939   disaster is losing 50% in a day. This sillylung 07/23/14 11:10:51 AM
#10938   Wow- too bad for the people who invested Ringohalfcan 07/23/14 11:10:15 AM
#10937   600,000 volume in 1 1/2 hours is nothing??? SeeingGreen420 07/23/14 11:09:08 AM
#10936   Agreed, this could start the ball rolling for SeeingGreen420 07/23/14 11:00:54 AM
#10935   Unfortunately and clearly nobody cares ! Volume is bgrass1 07/23/14 11:00:43 AM
#10934   Looks like we may get some more sprwf blindjohn 07/23/14 10:29:06 AM
PostSubject