2019-07-24 17:20 ET - News Release

Mr. Navdeep Dhaliwal reports

SUPREME CANNABIS APPOINTS NEW CHIEF INFORMATION OFFICER AND VP OF TALENT

Ash Rajendra has joined the Supreme Cannabis Company Inc. as chief information officer (CIO), where he will focus on ensuring Supreme Cannabis is well prepared to execute on its next phase of growth. The company also announced the addition of a new vice-president of talent, Valerie Rother, to steward the company's human capital and talent development program.

"We are excited to welcome Mr. Rajendra and Ms. Rother to the Supreme Cannabis team. Both bring a wealth of experience and knowledge to drive the company's next phase of growth," said Navdeep Dhaliwal, chief executive officer of Supreme Cannabis. "Coupled with our recreational brand, 7Acres, and the recent addition of our wellness brand, Blissco, and our anticipated acquisition of our global medical brand, Truverra, Supreme Cannabis has evolved as a global leader in premium cannabis brands and products. Our team continues to grow and evolve to meet the demands of this fast-moving industry."

Mr. Rajendra is an experienced information technology and business leader who has a deep understanding of vertically integrated products, including operating within a regulated environment. Most recently, Mr. Rajendra was the CIO at Just Energy, which specializes in electricity, natural gas, solar and green energy around the world, and serves approximately two million residential and commercial customers. As a member of Just Energy's executive management team, Mr. Rajendra was responsible for planning and execution of the company's global IT (information technology) strategy. Prior to this Mr. Rajendra served as the CIO for Nordion, the world's largest producer of medical isotopes.

Ms. Rother has over 16 years of experience in recruitment, talent management and HR (human resources) business practices. In her previous role as director of people and culture at Wave Financial, Ms. Rother oversaw its talent strategy and acquisition team in a high-volume, fast-paced environment.

The board of directors of Supreme Cannabis, in line with best practices in respect of governance and insider participation on boards of directors, has determined to increase the number of independent directors serving on the board. As a result, the company has accepted the resignation of John Fowler, who has served as a director of the company since 2014.

The board thanks Mr. Fowler for his service and contribution as a member of the board. Mr. Fowler will continue to play a valuable role on Supreme Cannabis's senior management team in his new role as chief advocacy officer and managing director, flower and concentrates. In this role, Mr. Fowler will continue to be an advocate for the cannabis plant, the cannabis industry, the company and each of its recreational brands.

The board looks forward to the opportunity to appoint a new independent board member who will bring a diverse background, experience and operating knowledge to Supreme Cannabis.

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 by effectively deploying capital, with an emphasis on disciplined growth and high-quality products.

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