Stem Holdings, Inc. Enters Licensing Agreement With Grön Chocolate and Confections For Nevada Market

Source:  Stem Holdings, Inc. 6/11/19

Stem Holdings, Inc. (OTCQB: STMH CSE: STEM) (the "Company" or "Stem") is pleased to announce that it has entered into a licensing agreement with Grön Chocolate and Confections ("Grön"), a top-selling edibles brand known for high-quality consumer packaged edible cannabis products. The agreement will enable Stem to supply the popular Grön gummy line to the Nevada cannabis market.

"We are thrilled to be working with Christine and the rest of the Grön team to bring the organization's offerings to the Nevada market," said Stem's CEO, Adam Berk. "Grön is known for creating some of the best cannabis confections in the cannabis and the hemp CBD space. The business' practices of conscientious ingredient sourcing and rigorous testing for consumer safety align with Stem's company values, which we believe will lead to a successful partnership."

Grön will launch in the Nevada market with a product line that will include THC as well as high CBD infused products. The cannabis candies will be created in Stem's Las Vegas property which houses a state-of-the-art commercial kitchen that can facilitate the production of over 200,000 gummies per day.

"Our agreement with Stem allows Grön to reach a larger audience of cannabis consumers," said Christine Smith, Founder, and CEO of Grön. "Expansion into the Nevada cannabis market furthers our goal of providing our customers with hand-crafted artesian cannabis edibles produced using sustainable and ethical business practices."

Edible production will begin in July 2019, with an expected launch in cannabis retails stores by the end of Q3 of 2019. Grön currently produces approximately 20,000 gummies per day (100k gummies per week) at their Oregon facility and Stem anticipates being in a similar position to meet the Nevada market production needs from the current Las Vegas facility.

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.