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I'm Samantha Deutscher for Investmentpitch mediaSupreme Pharmaceuticals is one of the latest new listings on the Canadian Securities Exchange,and is trading under the symbol "SL".The company stated that its move from the TSX Venture Exchange will allow it to efficientlyand seamlessly transition from a junior resource company to one whose main focus is now onthe emerging medical marijuana field.President and CEO, David Stadnyk stated: "Our goal is to secure several medical marijuanaproducing facilities, each with a MMPR license. There is no assurance that we will be ableto secure such facilities. This is a critical year for MMPR licences and we plan on makingseveral applications to Health Canada.""While we have longstanding relationships with both the TSX Venture and the CanadianSecurities
Exchange, we believe this is the right move for the Company at this time. Wenow have two producing medical marijuana facilities under evaluation and expect to report positivenews shortly."The company has already signed a conditional agreement with an arms-length South Okanagan-basedcompany giving Supreme the option to purchase its producing medical marijuana business.The company, which until recently operated as Supreme Resources under the symbol SPR,would appear to be better suited that most companies to make this switch, as the currentmanagement team has a track record of finding and developing early stage pharmaceuticalor biomedical device companies.The company also announced it has no plans to dispose of or shelve its mineral explorationproperties, and will continue to work on them as the opportunities present
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