Supreme Cannabis Company Inc. (The) T.FIRE

At the Market

[rexrex]

TORONTO, April 24, 2020 The Supreme Cannabis Company, Inc. (Supreme Cannabis or the Company) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that it has established an at-the-market equity program (the ATM Program) that allows the Company to issue and sell up to C$9,750,000 of common shares in the capital of the Company (the Common Shares) from treasury to the public, from time to time, at the Companys 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 Companys sole discretion. Distributions of the Common Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement (the Distribution Agreement) dated April 24, 2020 entered into between the Company and BMO Capital Markets (the Agent). 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 (the Prospectus Supplement) to the Companys short form base shelf prospectus dated April 22, 2020 (the Shelf Prospectus), 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 the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com. 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 Road, Brampton, Ontario, L6S 6H2, or by telephone at [phone] Ext 4312, or by email at [e-mail]