|A GOLDEN OPPORTUNITY GROWN IN CANADA.
Canada leads the global trend to legalize and regulate medical and recreational cannabis. This gives a rare opportunity to capture and build global market share. Itís like the opportunity seized by the first US brewers at the end of a 13-year prohibition, only cannabis has been globally prohibited for nearly a century.
In 2017, the Canadian government introduced the Cannabis Act to legalize recreational cannabis. Expected to be in effect by July 2018, this Act will make Canada the first G7 nation to legalize cannabis for recreational use. This is in addition to Canadaís Access to Cannabis for Medical Purposes Regulations, which created world-leading benchmarks for commercial production of medical cannabis. Thereís very little infrastructure or experience outside of Canada, creating a huge opportunity for Supreme to leverage our competitive advantage.
Today, Canada is one of the only countries where licensed cannabis production is 100% legal and federally regulated. It is a multi-billion dollar industry in Canada alone, with only a tiny portion served by legal companies.
Lithium is a key component in a range of innovative industries due to its high energy storage, insulating and heat resistant capabilities.
The increased application of rechargeable lithium-ion batteries, particularly within the automotive industry, is expected to drive demand significantly in the coming years providing an excellent platform for growth. The global lithium-ion battery market was estimated at $17.5bn in 2013 and this market size is anticipated to quadruple to $70 billion by 2020.
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