Mr. Adam Berk reports

STEM HOLDINGS, INC. TO APPOINT FORMER GENERAL PARTNER FOR GOLDMAN SACHS, DENNIS A. SUSKIND, TO STEM'S BOARD OF DIRECTORS

Stem Holdings Inc. has agreed to appoint Dennis A. Suskind, former general partner for Goldman Sachs & Co. LLC, to Stem's board of directors, which will become effective during the first calendar quarter of 2020. Suskind had previously joined Stem's advisory committee in May, 2019, and has strongly contributed to the company's continuing growth and strategic planning initiatives.

"Dennis has worked closely with us for the last seven months, and his vast experience will add to the strength of our independent board," stated Adam Berk, chief executive officer of Stem. "Dennis has been very effective in advising us regarding many of the exciting new ventures we have developed in the latter half of 2019. As a member of our board of directors he will be able to provide oversight, as well as insight, to help build value for our shareholders."

"I am very pleased to join the board of Stem Holdings," said Dennis A. Suskind. "I remain confident that my experience will help to guide the growth of the company and that I will complement the skills of our other distinguished board members."

Mr. Suskind will replace Jessica M. Feingold, who will be stepping down from the board to pursue other interests.

During his career, Mr. Suskind was responsible for the worldwide precious metals operations at Goldman Sachs. His team travelled worldwide to educate producers and consumers on the reasons for using futures as their pricing medium to bring credibility to these markets. He has served as vice-chairman of the Commodity Exchange (COMEX), vice-chairman of the New York Mercantile Exchange (NYMEX), a member of the board of directors of Futures Industrial Association and a member of the board of International Precious Metals Institute. Mr. Suskind was elected as an inaugural member to the Futures Industry Association's Hall of Fame in 2005.

Mr. Suskind currently also serves on the board of the Chicago Mercantile Exchange and Navistar, as well as BNB Bank. He was elected to hold a town council seat in the town of Southampton, New York. He has also served as president of the board of directors of the Arthur Ashe Institute for Urban Health, as a member of the president's council of the Peconic Land Trust, a founding member of Mt. Sinai's Hospital Associates, a board member of the Nature Conservancy, and a board member of the Collegiate School and Marymount Schools in New York. In 2005 the Preservation League of New York State presented Mr. Suskind with its Pillar of New York Award.

About Stem Holdings Inc.

Stem Holdings is a leading cannabis and hemp branded products company in the U.S. with proprietary capabilities in sustainable cultivation, processing, extraction, and research and development, as well as retail and distribution operations aligned with state-by-state regulations.

We seek Safe Harbor.