Stem
Holdings, Inc. (OTCQB: STMH CSE: STEM) (the "Company" or "Stem") is
pleased to announce that it has entered into a licensing agreement with
GCH, Inc. to produce and distribute WILLIE'S RESERVE™ ("Willie's
Reserve"), a nationally recognized brand inspired by legendary musician
and cannabis-rights activist, Willie Nelson. The agreement will enable
Stem to provide live-resin vape cartridges and pre-rolled flower
pre-packs.
"Willie's Reserve is a national
cannabis brand we are very eager to partner with," said Stem's CEO, Adam
Berk. "Founder Willie Nelson may be known to most for his incredible
musical talent, but also he has led the way for widespread acceptance
and understanding of the cannabis use in the U.S. and the world. We are
proud to be able to partner with such an influential legend and historic
brand."
Willie's Reserve will offer a curated
line of cannabis flower-based products grown by award-winning Stem
brands, TJ's Gardens and Yerba Buena. Each cultivar is grown in small
batches with sustainable growing techniques developed by the cannabis
cultivators.
“Stem represents a combination of
highest quality cannabis production and best in class business practice.
We’re looking forward to growing the Willie’s Reserve brand together,”
said GCH’s CEO, Andrew Davison.
The brand will
launch in mid-July. The products will be distributed throughout the
state and will sell within Stem's retail properties in Portland and
Eugene, Oregon.
ABOUT STEM HOLDINGS, INC.
As
a vertically integrated cannabis company, Stem has positioned itself as
a pioneer in the industry with its state-of-the-art cultivation,
processing, extraction, retail, and distribution operations. Stem owns
cannabis facilities in Nevada, Oklahoma, and Oregon, and also
participates in a research project in collaboration with Cornell
University. Utilizing proprietary, sustainable cultivation techniques,
Stem develops exceptional products that are safe and consist of
lab-tested cannabis and CBD. Stem's partner consumer brands are
award-winning and nationally known, and include: cultivators, TJ's
Gardens and Yerba Buena; retail brands, Stem and TJ's; infused product
manufacturers, Cannavore and Supernatural Honey; and a CBD company,
Dose-ology. Stem's mission in supporting the health and happiness of
people and the safety of our planet is evident through the Company's
continued recognition for its community involvement, employee
diversification and a top place to work in cannabis, dedication to
environmental causes and outstanding leadership in the cannabis
industry.
ABOUT WILLIE’S RESERVE
WILLIE'S RESERVE™
is a line of cannabis products inspired by American music legend and
long-time marijuana advocate Willie Nelson. Launched in 2016, Willie’s
Reserve is now available in California, Colorado, Maryland, Nevada,
Oregon and Washington. Willie’s Reserve pays tribute to its namesake’s
tradition of sharing, caring and enjoying the positive effects of
cannabis. Willie’s Reserve promotes a collaborative cannabis culture,
partnering with responsible producers around the country to offer best
in class selections including a variety of strains, signature ready roll
joints, concentrates, and Annie's Edibles. In 2019, Willie’s Reserve is
joined by sister brand Willie’s Remedy, a line of non-intoxicating
hemp-derived products. Willie's Remedy and Willie's Reserve brands are
owned and operated by GCH Inc., a cannabis consumer products company founded with Willie Nelson to develop a portfolio of cannabis brands.
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