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Supreme Pharmaceuticals Inc. (SPRWD)

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Last Post: 7/30/2014 9:53:00 PM - Followers: 184 - Board type: Free - Posts Today: 43

 

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
#11058  Sticky Note INSIDER INFORMATION ON SPREADSHEET. sillylung 07/25/14 01:43:55 PM
#10917  Sticky Note Supreme DD O/S update, Acquisition detail, News links, etc. sillylung 07/22/14 08:32:39 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
#11275   You think wrong monkey boy. sillylung 07/30/14 09:53:00 PM
#11274   I think it will trade as SPRWD from thermal164 07/30/14 09:35:33 PM
#11273   I think that it's all finished tomorrow since blindjohn 07/30/14 09:14:12 PM
#11272   I think they will wait a week or itsthebox50 07/30/14 08:10:17 PM
#11271   Hahaha . Yea it happens. So what u blindjohn 07/30/14 07:44:56 PM
#11270   Did you hear about the woman who backed itsthebox50 07/30/14 07:13:32 PM
#11269   what he said Admiral Frack 07/30/14 05:05:53 PM
#11268   * DISASTERASTEROUS * blindjohn 07/30/14 04:37:33 PM
#11267   Utter DISASTER. DISASTEROUS!! Admiral Frack 07/30/14 04:20:31 PM
#11266   What a disaster!!! We went green! sillylung 07/30/14 04:12:15 PM
#11264   According to TD nothing is messed up !! bgrass1 07/30/14 02:25:13 PM
#11263   US ticker is messed up still, shares haven't wiseguy13 07/30/14 01:33:35 PM
#11261   lets GO SUPREME!!! I wanna .4 close!! wiseguy13 07/30/14 01:30:26 PM
#11260   volatility walls are thin on both sides. I sillylung 07/30/14 01:18:16 PM
#11259   etrade is slow on the uptick with these The_Free_Nebula 07/30/14 01:13:33 PM
#11258   Did it really go from 40 to 35 SCashis 07/30/14 01:12:20 PM
#11257   When you go grocery shopping is it a sillylung 07/30/14 01:11:28 PM
#11255   Volume is miserably low given the almost 3 bgrass1 07/30/14 12:38:58 PM
#11254   59 million and change. bgrass1 07/30/14 12:37:30 PM
#11253   SPRWD shares are in my Fidelity account rmegsr 07/30/14 12:13:52 PM
#11252   yep mine went through yesterday morning with TD Admiral Frack 07/30/14 11:47:31 AM
#11251   TD here and I have them in my account. SCashis 07/30/14 11:21:21 AM
#11250   Lots of peeps in same boat, OptionsXpress is wiseguy13 07/30/14 11:20:31 AM
#11249   Anyone else use Scottrade? Still hasn't transferred the channingtatum 07/30/14 11:15:59 AM
#11248   Can anybody confirm the float after the RS? mrdrifter 07/30/14 11:02:24 AM
#11247   Volume is looking great!!!! wiseguy13 07/30/14 10:52:49 AM
#11246   That's good! Hard to live on a dollar blindjohn 07/30/14 10:52:13 AM
#11245   Optionsxpress is good! shares have already switched over wiseguy13 07/30/14 10:51:08 AM
#11244   Yesterday my fidelity showed 1.00 account value today sillylung 07/30/14 10:49:08 AM
#11243   Schwab is messed up too wiseguy13 07/30/14 10:44:34 AM
#11242   My Etrade says "once we receive the shares blindjohn 07/30/14 10:43:44 AM
#11241   It's temporary probably a few days. Its because sillylung 07/30/14 10:35:35 AM
#11240   I have Etrade and there are numbers where Memphis1951 07/30/14 10:29:25 AM
#11239   SL @ .445! Moving on up :) blindjohn 07/30/14 10:29:02 AM
#11238   Nope my etrade says I'm broke still. They blindjohn 07/30/14 10:27:47 AM
#11237   Mine didn't yet, anyone else's? SeeingGreen420 07/30/14 10:20:21 AM
#11236   Hey did anyone's sprwf convert to sprwd? And Bojangles69 07/30/14 10:12:25 AM
#11235   I still don't understand why others can trade Bing420 07/30/14 10:11:41 AM
#11234   I'm making them as we speak. sillylung 07/30/14 09:46:32 AM
#11233   All right boys where the hell are the bgrass1 07/30/14 07:39:31 AM
#11232   hmm confusing lol blindjohn 07/29/14 11:23:02 PM
#11231   For people who can't trade normally with their sillylung 07/29/14 11:10:41 PM
#11230   Nice! blindjohn 07/29/14 10:52:05 PM
#11229   lmao yea well it's only temporary! blindjohn 07/29/14 10:50:03 PM
#11228   http://www.investopedia.com/ask/answers/06/reversesplitd.asp A reverse spl sillylung 07/29/14 10:46:45 PM
#11227   And I just got a sprwf tattoo as itsthebox50 07/29/14 10:27:58 PM
#11225   yes it is! blindjohn 07/29/14 10:01:34 PM
#11224   Supreme dream almost a reality! sillylung 07/29/14 08:22:47 PM
#11223   Yep, it should be a very positive thing blindjohn 07/29/14 08:05:52 PM
#11222   Its probably in their best interests to make Admiral Frack 07/29/14 08:02:27 PM
PostSubject