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Featured Cannabis Penny Stock Pick: Supreme Cannabis Company

Top Penny Cannabis Stock Pick Supreme Cannabis

The Supreme Cannabis Company (OTCQX: SPRWF) has a multitude of assets across several provinces as well as well-known brands that have established the company. But is this one of the best cannabis penny stock picks for 2020?

The company completed the construction of its flagship facility, a 340,000 sq. ft. facility, named 7ACRES in late 2019. Supreme Cannabis converted a decommissioned tomato greenhouse into a cannabis cultivation behemoth in 31 months. It is reported by the company that the total square footage of its fully licensed operation by Health Canada is 450,000 sq. ft. of world-class facilities.

Why do we like Supreme Cannabis Company as a top cannabis penny stock pick for 2020?

  1. Strong Opportunity: Supreme Cannabis has another cannabis cultivation facility, named Blissco. The facility holds the ability to perform advanced extractions and it is also as fully licensed to sell cannabis 2.0 products. Cannabis 2.0 products, which were just legalized on the anniversary of adult-use cannabis legalization on October 17th of 2019, can now be sold after December 14th of 2019. Products that fall into the category of cannabis 2.0 include cannabis-infused edibles, beverages, tinctures, and vapes.
  2. Strong Production Capabilities: The company’s 12,000 sq. ft. Blissco facility, which is located in Langley, British Columbia, can produce more than 7 million tincture bottles annually.

Featured Cannabis Penny Stock Pick: Supreme Cannabis Company

The Supreme Cannabis Company is more than perfectly positioned to provide a sizable return on investment with its ability to enter the cannabis 2.0 market and cultivate cannabis on a massive scale. It has almost a half-million in square footage that is dedicated to the cultivation of cannabis, the production of cannabis products, and the distribution of cannabis products.

For these reasons, we believe that an investment in Supreme Cannabis Company at or close to its current share price of $0.23 represents a good cannabis stock investment opportunity for 2020.

Featured Cannabis Penny Stock Pick: Supreme Cannabis Company

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