Mr. Michael La Brier reports

SUPREME CANNABIS ANNOUNCES LEADERSHIP REALIGNMENT TO POSITION COMPANY FOR GLOBAL GROWTH AND OPERATIONAL EXCELLENCE

The Supreme Cannabis Company Inc. has realigned its senior leadership in order to further position the company for global growth and continued operational success.

John Fowler, currently chief executive officer of the company, will assume the role of president of the company, and Navdeep Dhaliwal, currently the president of the company, will assume the role of chief executive officer of the company, effective at the end of the business day on Sept. 24, 2018. Both individuals will continue to serve as members of the company's board of directors.

Mr. Fowler and Mr. Dhaliwal recommended the realignment to the board, reflecting their belief that Mr. Fowler's intimate knowledge and expertise with infrastructure development and commercial cannabis operations are critical for the successful completion of the 7Acres facility and launch in the recreational market. Supreme Cannabis intends to utilize Mr. Fowler's extensive industry experience for the buildout of the company's previously announced Lot 16 California-style indoor cultivation project as well as future product and market segments that the company may enter. The realignment will allow Mr. Fowler to best support the company's growth through focus on product and operational development in the role of president.

Under Mr. Fowler's leadership, construction of 7Acres' world-class facility is scheduled for completion by year-end and annual production capacity is expected to reach 50,000 kilograms in mid-2019. Mr. Fowler's leadership was also instrumental in Supreme Cannabis securing supply agreements with provincial recreational partners in Ontario, British Columbia, Alberta, Manitoba, Nova Scotia and Prince Edward Island.

At the same time, Mr. Fowler and Mr. Dhaliwal believe that, by assuming the role of chief executive officer, Mr. Dhaliwal's extensive experience in international business and his capital markets background will optimize the company's growth trajectory.

Mr. Dhaliwal, in his role as chief executive officer, will continue to focus on executing on the company's broader global growth strategy, including merger and acquisition opportunities, strategic investments, and developing the company's international and medical businesses. Mr. Dhaliwal will also continue to lead the company's investor and capital markets relations activities. To date, Mr. Dhaliwal has led the company's capital-raising efforts, strategy, international investments and initiatives.

With the continued global acceptance of medical cannabis, increasing federal legalization of medical cannabis in countries globally and the impending legalization of recreational cannabis in Canada, the management team and the board are confident in this realignment to build a global diversified cannabis company.

"Since joining the board as chairman, I have been impressed with the management team's visionary strategy and commitment to operational execution. This leadership realignment positions Supreme Cannabis for rapid global growth while continuing to build strong long-term operational assets. The board is excited to usher in the next phase of Supreme Cannabis's global growth," said Michael La Brier, chairman of the board.

About The Supreme Cannabis Company Inc.

Supreme Cannabis is a Canadian publicly traded company committed to providing premium brands and products that proudly reflect its consumers, people and uniquely innovative culture. The company's portfolio includes its wholly owned subsidiary and flagship brand, 7Acres.

7Acres is a federally licensed producer of cannabis operating inside a 342,000-square-foot facility in Kincardine, Ont.

We seek Safe Harbor.