Menu

Supreme Cannabis might soon produce marijuana in Malta for export to Europe

By Toby |

Toronto-based Supreme Cannabis (Toronto: FIRE) announced that it signed a letter of intent with the economic development agency of Malta — Malta Enterprises — as an initial step to obtaining a Cannabis Production License there.

Malta has been on the radar for many weed stocks as it is strategically located to export marijuana throughout Europe.

According to a company statement, “The LOI is the first step of Supreme Cannabis’ application for a Cannabis Production License in Malta.”

The license, once received, would enable Supreme Cannabis to produce as well as process cannabis for medical use within Malta — one of Europe’s principal commercial entry points. It would also position the company to export medical marijuana to certain international markets.

Investing in pot stocks 101: Here’s what you should know

Once approved, Supreme Cannabis will have to produce products with EU GMP quality cannabis oil and pursue regulated medical cannabis distribution opportunities in the European Union.

“We’re pleased to announce that we have secured a letter of intent from Malta Enterprises, taking another step forward in our global growth strategy. Malta is not only a strategic hub for Europe, it is also home to robust existing pharmaceutical and nutraceutical manufacturing industries with a deep pool of expertise,” said CEO Navdeep Dhaliwal.

“Using the intellectual property and expertise we’ve gained in Canada, we intend to deliver high-quality cannabis products to medical patients in multiple international markets,” the Supreme Cannabis chief added.

In early February, another big name in the industry Aurora Cannabis (ACB) announced its second-quarter results of fiscal 2019 with a loss of CAD 238 million. This was a massive drop from the year-ago profit of CAD 7.7 million. Shortly after the Aurora earnings, the entire weed stock sector slipped.

Then, by February-mid, Canopy Growth (CGC) posts a loss of CAD 0.38 per share on revenue of CAD 83 million, missing analyst predictions.

With big names seeing losses, Supreme Cannabis being a mid-tier player could capitalize on Malta and ramp up production, as well as distribution.

 

Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Advertisement

762 responses to “Supreme Cannabis might soon produce marijuana in Malta for export to Europe”

  1. teak furniture

    […]Wonderful story, reckoned we could combine some unrelated data, nonetheless truly really worth taking a appear, whoa did a single find out about Mid East has got much more problerms too […]

  2. classic books

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless actually worth taking a look, whoa did 1 understand about Mid East has got more problerms at the same time […]

  3. pgslot

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless actually worth taking a search, whoa did one particular study about Mid East has got extra problerms also […]

  4. Hp Laptops

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless actually worth taking a look, whoa did one particular understand about Mid East has got a lot more problerms too […]

  5. buy whiskey

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless actually really worth taking a search, whoa did a single find out about Mid East has got much more problerms too […]

  6. Local Movers

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless seriously worth taking a look, whoa did 1 discover about Mid East has got more problerms at the same time […]

  7. future university

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless definitely really worth taking a look, whoa did one particular discover about Mid East has got far more problerms as well […]

  8. Click Here

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless really worth taking a search, whoa did 1 discover about Mid East has got much more problerms also […]

  9. Click Here

    […]we prefer to honor several other web web-sites on the internet, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  10. Click Here

    […]we prefer to honor several other internet web pages on the net, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  11. Click Here

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless really really worth taking a look, whoa did one particular discover about Mid East has got far more problerms at the same time […]

  12. Click Here

    […]Wonderful story, reckoned we could combine some unrelated data, nevertheless really worth taking a search, whoa did one particular master about Mid East has got much more problerms at the same time […]

  13. MBA

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless truly really worth taking a appear, whoa did one particular study about Mid East has got much more problerms too […]

  14. Fiverr Earn

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless really worth taking a appear, whoa did one understand about Mid East has got extra problerms also […]

  15. fiverrearn.com

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless really really worth taking a appear, whoa did a single discover about Mid East has got much more problerms also […]

  16. seo in Saudi Arabia

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless seriously worth taking a search, whoa did one particular learn about Mid East has got additional problerms at the same time […]

  17. Fiverr.Com

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless actually really worth taking a look, whoa did a single find out about Mid East has got much more problerms as well […]

  18. FiverrEarn

    […]Wonderful story, reckoned we could combine several unrelated information, nevertheless definitely worth taking a look, whoa did a single find out about Mid East has got more problerms also […]

  19. FiverrEarn

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless seriously really worth taking a appear, whoa did one master about Mid East has got much more problerms as well […]

  20. FiverrEarn

    […]Wonderful story, reckoned we could combine some unrelated information, nevertheless truly really worth taking a appear, whoa did one particular find out about Mid East has got far more problerms as well […]

  21. FiverrEarn

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless really really worth taking a appear, whoa did one particular find out about Mid East has got far more problerms as well […]

  22. liz kerr

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless seriously worth taking a look, whoa did one particular discover about Mid East has got far more problerms as well […]

  23. play net

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless seriously worth taking a appear, whoa did one particular discover about Mid East has got more problerms also […]

  24. dog probiotic chews

    […]Wonderful story, reckoned we could combine a few unrelated data, nonetheless really really worth taking a look, whoa did a single understand about Mid East has got far more problerms as well […]

  25. Dog Registry

    […]we like to honor quite a few other online internet sites on the internet, even though they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

Leave a Reply

Top