Supreme Pharmaceuticals Inc. is a company dedicated in securing a license to grow cannabis under the MMPR program for Health Canada.
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:
The names below in the filings are confirmed to be with Ammcan:
Peter Herburger - CEO of Supreme Medical Marijuana (AMMCan Supreme)
Margita Herburger - No longer a insider, but owns shares *confirmed through Zach in IR
Sarah Herburger - Vice-President of Patient & Client Relationships for Supreme Medical Marijuana (AMMCan Supreme)
John Fowler - Director of Operations of Supreme Medical Marijuana (AMMCan Supreme)
Aaron Ruimy - Head of IT and Automation for Supreme Medical Marijuana (AMMCan Supreme)
Local media sources the day after Green Rush Conference on June 27th:
http://london.ctvnews.ca/medical-marijuana-facility-being-built-in-bruce-county-1.1889808 (This video shows inside of the facility)
Interview with Stadnyk and John Fowler
Green Rush Conference June 26th Stadnyk and John Fowler
AMMCAN recieves building permit August 12th 2014.
Confirmed as Security Integrator starting August 18th
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Security implementation interview with Marcomm Systems
Security fencing information
Supreme is SEC filing exempt as a foreign listed company trading in the US under USOTC:SPRWF and in Canada under C:SL