Supreme signs High-Quality Flower supply LOI agreement with ABLE BC.

TSXV: FIRE

TORONTO, Nov. 24, 2017 /CNW/ - Supreme Pharmaceuticals Inc. ("Supreme" or the "Company") (TSXV: FIRE) is pleased to announce it has entered into a Letter of Intent ("LOI") with the Alliance of Beverage Licensees ("ABLE BC"), the advocacy organization representing BC's private liquor industry.

"We are pleased to partner with Supreme as our first licensed producer and supplier for our retail members," said Jeff Guignard, Executive Director of ABLE BC. "British Columbians have a keen awareness and appreciation for exceptional cannabis, as such it was important to select an organization devoted to cultivating premium cannabis at-scale. We are confident Supreme's product offerings are what our adult-use consumers are looking for."

ABLE BC agrees to provide Supreme with unique channels of exposure to its more than 1,000 members consisting of private liquor stores, neighborhood pubs, bars/nightclubs and hotel liquor licensees.

John Fowler, CEO of Supreme commented, "We are excited to work with ABLE BC and begin a dialogue with their 1,000 members. We feel strongly our focus on premium dried cannabis flower will be a differentiating factor for Supreme in the adult-use market, particularly in BC's quality-focused consumer market."

John Fowler, CEO and Director

About Supreme

Supreme is a Canadian publicly traded company committed to becoming a leading cultivator and distributor of sun grown cannabis through its wholly-owned subsidiary 7ACRES. 7ACRES is a federally licensed producer of medical cannabis pursuant to the ACMPR operating inside a 342,000 sq. ft. facility. The facility combines the best technology of indoor production with the efficiencies and sustainability of a greenhouse, in a single large-format production footprint. Please visit www.supreme.ca and www.7acres.com for more information.

Forward Looking Statements

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SOURCE Supreme Pharmaceuticals Inc.