Stem Holdings Inc. and Oklahoma partners awarded 13 Medical Marijuana licenses in Oklahoma.
BOCA RATON, September 12, 2018 (GLOBE NEWSWIRE) - Stem Holdings Inc. (OTCQB: STMH CSE: STEM), (the “Company” or “Stem”) a publicly traded real estate company specializing in acquiring and improving properties for the cannabis industry, along with its in-state partners have been awarded 4 cultivation, 5 processing, and 4 dispensary licenses by the Oklahoma Medical Marijuana Authority (OMMA).
“Stem’s strategic expansion into Oklahoma furthers our mission in bringing high-quality, compliant and triple tested products to Oklahoma and access to medical marijuana in a safe, comfortable and welcoming environment,” says Stem’s CEO, Adam Berk. “Stem’s real estate expertise and our marijuana partners’ extensive knowledge in medical marijuana cultivation, retail and processing will ensure that we are able to consistently provide patients with the best medical marijuana experience.”
Stem is excited to introduce their marijuana partners’ award-winning brands to the Oklahoma medical marijuana market including, Cannavore artisan edibles, Dose-ology, full-spectrum CBD tinctures and THC extracts, and Supernatural infused honey. All of the products will be manufactured using medical marijuana grown by the renowned Oregon-based cultivators TJ’s Gardens and Yerba Buena in Oklahoma state-of-the-art facilities. Stem plans on offering a wide variety of flower, edibles, and extracts at the 4 licensed dispensaries across Oklahoma in the cities of Moore, Norman, Oklahoma City, and Tulsa. Each licensed location will be uniquely designed with the intention of creating the best customer and educational experience, accommodating each and every registered medical marijuana patient’s individual needs.
Stem strategically partnered with two successful Oklahoma business owners for this venture - Ty Hartwig and Lincoln “Link” Owen Clifton. Ty is an entrepreneur and investor who has founded and developed a dozen different successful businesses across a great breadth of industries. Ty’s portfolio of companies include construction, energy, food and service, manufacturing and finance businesses. Ty also founded the largest design-build-maintain landscape company in the state of Oklahoma, along with wholesale nurseries and tree farms. Link is an entrepreneur and a large commercial real estate investor who previously owned 100 convenience stores and a large-scale wholesale fuel distribution business, which were both subsequently sold to publicly traded companies. Link currently works with the oil and gas industry and is in involved in the service of every aspect of the business, including pipeline structure operations and transportation. Both Ty and Link are dedicated to having a positive impact in the communities their businesses serve. Together, they employ more than 600 Oklahoma residents.
“We are thrilled to partner with Stem. Ty and I plan on being instrumental in helping this joint venture achieve our goals of offering Oklahoma patients with the very best customer experience and medical marijuana products,” says Link Clifton. “Our business acumen and positive relationships we’ve built over the past few decades in our home state will be valuable in positioning Stem as a statewide leader in the Oklahoma medical marijuana market."
Stem will begin property renovations immediately.