The Supreme Cannabis Company, Inc. provided an operational update on the Company's focused infrastructure that serves dedicated functions from seed to sale. The company introduced its dedicated manufacturing, processing and packaging facility located in Kitchener, Ontario. In response to internal requirements and foreseeable market demand, the Company leased the Kitchener Facility, which is a 107,000 square foot facility with desirable structural features for large-scale processing, packaging and shipping. The Kitchener Facility will function as a central manufacturing, processing and packaging centre for Supreme Cannabis brands and, once the Kitchener Facility is complete, Supreme Cannabis intends to package, distribute and brand third-party cannabis inputs from quality-focused cultivators. The Kitchener Facility's strategic location in Canada's innovation hub, Kitchener, Ontario, provides access to a large and skilled labour force, highways and airports, and two of the Company's other nearby operating assets. Supreme Cannabis will be retrofitting and licensing the existing facility in three phases. The Company has completed the first phase of construction on the Kitchener Facility, which includes a retrofitted multi-purpose processing clean room. At this stage, the Company has submitted its application to Health Canada for a cannabis processing license. This license will allow Supreme Cannabis to conduct product packaging and value-added processing at the Kitchener Facility. In fourth quarter of fiscal 2020, the Company expects to begin whole flower packaging and pre-roll manufacturing for Supreme Cannabis brands at the Kitchener Facility.

The company appointed Sándor Wolkensperg as General Manager of Supreme Cannabis Kitchener. In his role as General Manager of Supreme Cannabis Kitchener, Mr. Wolkensperg will provide senior on-site leadership, oversee a diverse team, conduct operations planning and measure execution and performance. Prior to joining Supreme Cannabis Kitchener, Mr. Wolkensperg served as Vice President of Operations for Rimowa North America (Rimowa). At Rimowa, Mr. Wolkensperg led manufacturing, supply chain and logistics across multiple complexes serving North and South American markets. Mr. Wolkensperg's 30 plus years of operations experience also includes his role as Director of Operational Excellence at an international Fortune 500 company and over ten years of operational leadership positions in the regulated food and tobacco industries, including roles at Maple Leaf Foods and Imperial Tobacco Canada.