The Supreme Cannabis Company (FIRE.T) ushers in the Pax era in time for October legalization

The Supreme Cannabis Company (FIRE.T) signed an agreement with Pax Labs to sell and supply Pax brand vapes when the federal government legalizes vaporizable products next October.

Can you remember some of the ingenious ways we got high back in the black market days?

Look at this guy:

He’s like a blacksmith and Pax Labs is SpaceX.

It doesn’t make sense to ingest weed through a plastic bag anymore.

Pax Labs has sold over 1.5 million devices worldwide and established a reputation as the best-selling pen and pod system in the U.S. This partnership will give Supreme a jump-start on the competition in the vaporizable product category in October.

Here’s a breakdown of the technology inside of the Pax 2:

  • A three-axle accelerometer on the circuit board detects its orientation and senses movement. This heats up the oven when you’re about to take a draw and shuts it off if the device hasn’t moved in 30 minutes.
  • The mouthpiece has a sensor on it that starts the oven if it detects your lips or fingers on it.
  • A sensor in the oven measures the temperature 30 times per second. It recognizes how big of a draw you’re taking and heats it up to compensate.
  • A stainless steel air path cools the vapor before it reaches your mouth.
  • The exterior is made of smooth, anodized aluminum, which is kept cool with insulation
  • Two magnets on the exterior of the Pax 2 automatically align the device on its charging cradle.

Based out of San Francisco, Pax has sold more than 500,000 devices for oil concentrates and over one million devices in the flower vaporizer category.

Here’s a look inside:

This is the I-phone of vaporizers.

James Monsees and Adam Bowen are the brains behind Pax.

They invented Ploom, the progenitor to Pax Labs, in 2007, from inside their dorm-rooms in Stanford, to revolutionize the way tobacco was ingested.

The smoking industry was in desperate need of an upgrade from paper-clad devil sticks to something a bit more sleek and modern that wouldn’t leave your fingers a tobacco-stained mess. They released their first product in 2010—an electronic cigarette that used pods filled with tobacco.

They were a bit early to the e-cig party in 2010 and the product never really took off. Reviewers generally liked it, but it had some bugs. They ironed those out for the Pax 2, and then they started making headway.

The Chill Bud, a cannabis culture site, said:

If you are in the market for a high quality hand-held vaporizer and your budget is $279 or more, this is the vape for you.

The Pax 2 is the last vaporizer you need to buy. With a timeless minimalist appearance, user friendly design and warranty that lasts a decade, this is the gold standard.

7Acres, Supreme Cannabis’s wholly owned subsidiary, becomes one of only four licensed producers—including Aurora Cannabis Inc. (ACB.NYSE), Aphria Inc. (APHA.T), and Organigram Holdings (OGI.Q)—chosen to create cannabis oil pods with PAX.

7ACRES vaporizer oil will sell exclusively in Era-compatible pods. Supreme will also create pods for the Pax era under different brands and then sell 7ACRES branded pods coast-to-coast everywhere Supreme has provincial supply agreements.

Which is almost every province.

Supreme shares are up today $0.10 and holding at $1.74.

The company has 292,788,389 issued and outstanding and a market cap of $480 million.

—Joseph Morton

Full Disclosure: Supreme Cannabis is an Equity.Guru marketing client.

Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

Supreme Cannabis

Leave a Reply

Be the First to Comment!

Notify of
avatar