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7ACRES was one of the first 40 legal licensed cannabis producers in Canada. So, Supreme invested in 7ACRES focusing on building the ability in scaled cannabis production. Therefore, it resulted giving 7ACRES flexibility to maintain a leadership position in industry.
In 2017, when Canadian government introduced the Cannabis Act to legalize recreational cannabis, Canada became the first G 7 nation to legalize cannabis for recreational use.And the Canada’s Access to Cannabis for Medical Purposes allowed the creation of world-leading benchmarks for commercial production of medical cannabis.With licensed cannabis production 100% legal, this multi-billion dollar industry has just a few legal companies operating.
Canada leads the global trend to legalize and regulate medical and recreational cannabis. As a result, it gives Supreme a rare opportunity to capture and build a global market share.
We can compare it to the opportunity the first US brewers had at the end of 13-year prohibition. Besides, cannabis is the only product globally prohibited for a century.
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In addition, very little infrastructure or experience outside of Canada creates a huge opportunity for Supreme to leverage its competitive advantage.