Stem Holdings Inc. receives license for newly constructed cannabis cultivation facility in Oregon

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Stem Holdings Inc. (OTCQB: STMH CSE:STEM), (the "Company" or "Stem") a cannabis real estate company specializing in acquiring and improving properties within the cannabis industry has received a license from the State of Oregon, Oregon Liquor Control Commission (OLCC) for its newly constructed cannabis facility in Springfield, Oregon.

"Stem is excited to unveil its center for cutting-edge cultivation in the state of Oregon," says CEO Adam Berk. "Our team has designed this property for highly efficient, craft cannabis production. We have carefully considered every detail, from plant propagation and cultivation to product distribution."

The 28,000 square foot property will provide 10,000 square feet of space dedicated to sustainable, indoor cannabis cultivation. The building features eight, 1,100 square foot, clean grow rooms that will utilize cutting-edge lighting and ventilation systems. The grow rooms will collectively produce over 2,500 pounds of cannabis flower annually. Two additional spaces will be dedicated to research and development of new cannabis strains. An on premise plant tissue culture laboratory will allow Stem's operators to utilize advanced propagation technology. The laboratory will produce a continuous supply of plant strains derived from award-winning genetics. Streamlined cannabis processing and packaging will be achieved through the use of a dry room, a curing room, a space for processing harvested cannabis material and a loading dock.

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The property will be leased to Stem's partner operators, TJ's Gardens and Yerba Buena. Both licensed cultivators are renowned growers of craft cannabis in Oregon. TJ's Gardens has been recognized for the "Best Tasting Bud on Earth" by High Times Magazine. Yerba Buena is the first cannabis company to receive the 100 Best Green Companies award by Oregon Business Magazine, winning in both 2017 and 2018, placing 9th and then 6th respectively across all industries.

"Operating within this well-designed building will solidify our position as a premiere cultivator in the Oregon market," says James Orpeza, co-founder of TJ's Gardens. "This world-class facility will enable our team to rapidly innovate within the cannabis industry while providing consistent, high-quality products to our customers."

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