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

Certain statements made in this press release may constitute forward-looking information under applicable securities laws. These statements may relate to anticipated events or results and  include, but are not limited to, expectations regarding the Offering, the use of proceeds 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 statements are current as of the date they are made and are based on applicable 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 statements, including, without limitation, the factors discussed in the "Risks and Uncertainties" section of the Company's Management's Discussion & Analysis dated October 27, 2017 ("MD&A"). A copy of the MD&A 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 MD&A 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Supreme Pharmaceuticals Inc.

Contact Information: Investor Relations, Jenni Byrne, Bayfield Strategy, Inc., Phone: [phone], Email: [email protected], Website: www.supreme.ca