An Exciting Addition to its Premium Cannabis Brand Portfolio

• Sugarleaf is crafted for the convenient pleasure of the cannabis experience.
• Rolled Jack Haze joints are Sugarleaf’s first introduction to the market.
• Sugarleaf is stamped with the quality and excellence of 7ACRES’ high-end strains.

TORONTO, Dec. 12, 2019 /CNW/ – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today the launch of Sugarleaf by 7AC
(“Sugarleaf”). Sugarleaf is Supreme Cannabis’ newest introduction of
high-quality cannabis experiences to the Canadian marketplace. Sugarleaf
widens the Company’s product offerings and targets consumers who demand
a more refined, milder consumption experience as they discover their
own cannabis taste preferences and desires.

Sugarleaf products are created using the sugary-looking,
trichome-dense, dry-cured sugar leaves from 7ACRES’ coveted strains.
Made with the high-end 7ACRES strains that consumers trust, Sugarleaf
offers a consistently high-quality, smooth and flavourful taste, and
aroma. Sugarleaf’s first product will be rolled joints made with
fan-favourite strains of 7ACRES. Additional product formats, focused on
offering consumers elegant, ready-to-enjoy and convenient cannabis
experiences, will be introduced to the market in the new year, including
cannabis 2.0 products.

“We are very excited to introduce consumers to Sugarleaf by 7AC.
Following on the success of our Blissco brand pre-rolls and our research
into consumer preferences, we determined a premium, ready-to-smoke
joint would be the perfect product to launch the Sugarleaf line,” said
Navdeep Dhaliwal, CEO of Supreme Cannabis. “With the addition of
Sugarleaf to the Supreme Cannabis brand portfolio, we are reaching a new
consumer who might be experiencing high-end cannabis for the first time
and desires a convenient product format.”

Rolled Jack Haze is Sugarleaf’s first introduction to the market
followed by the remainder of the strain lineup (Jean Guy, Sensi Star and
White Widow) in the new year. Sugarleaf’s Rolled Jack Haze will be
available in 1gram pre-rolled joints and is manufactured using wood
cones with a folded in, square tip. Sugarleaf pre-rolls are packed to
perfection, to burn smooth and even, finishing with clean, white ash.

About Supreme Cannabis.

The Supreme Cannabis Company, Inc. 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 by effectively
deploying capital, with an emphasis on disciplined growth and
high-quality products.

Supreme Cannabis’ portfolio includes 7ACRES, its wholly-owned subsidiary and multi-award-winning brand; Blissco, a wellness cannabis brand and a multi-licensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Sugarleaf by 7AC, crafted for the convenient pleasure of the cannabis experience; Cambium Plant Sciences, a plant genetics and cultivation IP group; MG Health Lesotho, an cannabis oil producer located in southern Africa; Supreme Heights, an investment platform focused on CBD brands in the UK and Europe and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada.

Supreme Cannabis trades as FIRE on the Toronto Stock Exchange (TSX:
FIRE), SPRWF on the OTC Exchange in the United States (OTCQX: SPRWF) and
53S1 on the Frankfurt Stock Exchange (FRA: 53S1). Follow us on Instagram, Twitter, Facebook and YouTube.

We simply grow better.

Forward-Looking Information.

Certain statements made in this press release may constitute
“forward-looking information” within the meaning of applicable
securities laws. Forward-looking information may relate to anticipated
events or results including, but not limited to, the anticipated suite
of Sugarleaf products and the timing of launch of such products, and
other statements that are not historical facts. Particularly,
information regarding our expectations of future results, targets,
performance achievements, prospects or opportunities is forward-looking
information. Often, but not always, forward-looking statements can be
identified by the use of forward-looking terminology such as “may”,
“will”, “expect”, “believe”, “estimate”, “plan”, “could”, “should”,
“would”, “outlook”, “forecast”, “anticipate”, “foresee”, “continue” or
the negative of these terms or variations of them or similar
terminology. Forward-looking information is current as of the date it is
made and is based on reasonable estimates and assumptions made by us at
the relevant time in light of our experience and perception of
historical trends, current conditions and expected future developments,
as well as other factors that we believe are appropriate and reasonable
in the circumstances. However, we do not undertake to update any such
forward-looking information whether as a result of new information,
future events or otherwise, except as required under applicable
securities laws in Canada. There can be no assurance that such estimates
and assumptions will prove to be correct.

Many factors could cause our actual results, level of activity,
performance or achievements or future events or developments to differ
materially from those expressed or implied by the forward-looking
information as discussed in the “Risk Factors” section of the Company’s
Annual Information Form dated September 17, 2019 (“AIF”). A copy of the
AIF and the Company’s other publicly filed documents can be accessed
under the Company’s profile on the System for Electronic Document
Analysis and Retrieval (SEDAR) at www.sedar.com.
The Company cautions that the list of risk factors and uncertainties
described in the AIF is not exhaustive and other factors could also
adversely affect its results. Readers are urged to consider the risks,
uncertainties and assumptions carefully in evaluating the
forward-looking information and are cautioned not to place undue
reliance on such information.

SOURCE The Supreme Cannabis Company, Inc.