The Supreme Cannabis Company, Inc. announced that its board of directors has named Beena Goldenberg, former CEO of Hain-Celestial Canada ("Hain Canada"), as the Company's President and Chief Executive Officer, effective immediately. Ms. Goldenberg succeeds Colin Moore, who as interim President and Chief Executive Officer since January 2020 took significant steps to reduce the Company's operating and overhead costs, expand its product offering across all market segments and accelerate its transition into a premium cannabis consumer packaged goods ("CPG") company. Mr. Moore will continue to serve as a director of the Company and will also serve as an advisor to Ms. Goldenberg, providing support throughout the transition until the end of July 2020.

Ms. Goldenberg has also been appointed to the Board. As Supreme Cannabis's new President and CEO, Ms. Goldenberg's priority is to lead the Company to profitable, long-term growth as a premium cannabis CPG company, with the near-term objective of continuing to protect the well-being of its employees and customers during the current COVID-19 pandemic.