Ms. Regina Costa reports

STEM HOLDINGS, INC. ANNOUNCES CLARIFICATION REGARDING EFFECTIVE DATE OF REVERSE SHARE SPLIT ON THE CANADIAN SECURITIES EXCHANGE

At the request of the Canadian Investment Regulatory Organization, Stem Holdings Inc. has clarified the effective date, for the purposes of the Canadian Securities Exchange, of its reverse share split previously announced on Feb. 1, 2024.

For the purposes of trading on the CSE, the company is pleased to announce that the shares of common stock of the company will commence trading, on a postconsolidated basis, at market open on Feb. 6, 2024. Any trades of common shares on the CSE prior to Feb. 6, 2024, will be reflected on a preconsolidated basis.

There is no additional action required from investors with deposited common stock of the company.

Company shareholders needing to contact the transfer agent should submit an on-line ticket at the Odyssey Trust website for service.

About Stem Holdings Inc.

Stem Holdings is a vertically integrated cannabis branded product and technology company with state-of-the-art cultivation, processing, extraction, retail and distribution operations in the United States.

We seek Safe Harbor.