An anonymous director reports

SUPREME CANNABIS ANNOUNCES AT-THE-MARKET EQUITY PROGRAM

The Supreme Cannabis Company Inc. has established an at-the-market equity program that allows the company to issue and sell up to $9.75-million of common shares in the capital of the company from treasury to the public, from time to time, at the company's discretion. All common shares sold under the ATM program will be sold through the Toronto Stock Exchange or another marketplace (as defined in National Instrument 21-101 -- Marketplace Operation) upon which the common shares are listed, quoted or otherwise traded, at the prevailing market price at the time of sale.

The ATM program is designed to provide the company with additional financing flexibility should it be required in the future. The volume and timing of distributions under the ATM program, if any, will be determined in the company's sole discretion. Distributions of the common shares under the ATM program will be made pursuant to the terms of an equity distribution agreement dated April 24, 2020, entered into between the company and BMO Capital Markets.

The ATM program will be effective until the earlier of May 22, 2022, and the issuance and sale of all of the common shares issuable pursuant to the ATM program, unless terminated prior to such date by the company or the agent in accordance with the terms of the distribution agreement. Supreme Cannabis intends to use the net proceeds from the ATM program, if any, for general corporate purposes, working capital needs and capital expenditures, including the repayment of indebtedness. As common shares distributed under the ATM program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of the ATM program.

The offering of common shares under the ATM program is qualified by a prospectus supplement dated April 24, 2020, to the company's short-form base-shelf prospectus dated April 22, 2020, which were each filed with the applicable securities regulatory authorities in each of the provinces in Canada. The prospectus supplement and the shelf prospectus are available on SEDAR. Alternatively, the agent will send copies of the prospectus supplement and the shelf prospectus upon request by contacting: BMO Capital Markets, Brampton Distribution Centre c/o The Data Group of Companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, or by telephone at 905-791-3151 extension: 4312, or by e-mail at torbramwarehouse@datagroup.ca.

About The Supreme Cannabis Company Inc.

The Supreme Cannabis Company is a global, diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world's fastest-growing, premium-plant-driven lifestyle companies.

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