Partnership with one of California's largest nurseries to identify promising new genetics

StateHouse Holdings has entered into a cultivation partnership with Refined Genetics LLC., an industry leader in genetic development and commercial propagation of cannabis cultivars.

Through its strategic investments in plant genomics, breeding technologies, and commercial propagation, Refined Genetics is able to develop and deliver superior cultivars for the future of the cannabis industry. The purpose-driven, community-oriented company separates itself from other nurseries by unifying legacy cannabis operators and emerging businesses.

"The relationship between grower and breeder should be strongly symbiotic and built on mutual benefit, trust, and collaboration," said Travis Higginbotham, Vice President of Cultivation at StateHouse. "Refined Genetics is unique because its partnerships reflect the successful, long-lived breeder-grower relationships found throughout horticulture. We believe this proven and traditional approach will enable both companies to confidently forge ahead together in this ever-evolving market."

The process of enriching and controlling flower quality through effective and efficient methods will begin at Refined Genetics' nursery in California. StateHouse and Refined Genetics will conduct quarterly performance trials before selecting promising new genetics to participate in the Company's Genetics Trialing program. The innovative program will ramp stock of these genetics alongside a commercial-scale flower crop. Once harvested, greenhouse crop performance and finished flower will be evaluated by StateHouse's sales and marketing teams. StateHouse will then select and self-propagate the highest-performing genetics while honoring a royalty on every plant harvested.

"Continued innovation in genetics is pivotal to the advancement of the cannabis industry," said Elan Goldbart, Chief Executive Officer of Refined Genetics. "Through this partnership, we have the privilege of working alongside a high-performing cannabis enterprise that is equally committed to exploring new ways in which cultivation and finished quality can be enhanced, resulting in better product consistency and yield predictability."