StateHouse Announces Fall 2023 Conference Participation

Announces Upcoming Change to Auditors

SAN DIEGO and TORONTO, Sept. 22, 2023 (GLOBE NEWSWIRE) -- StateHouse Holdings Inc. (“StateHouse” or the “Company”) (CSE: STHZ) (OTCQB: STHZF), a California-focused, vertically integrated cannabis company, today announced that members of its management team are participating in the following upcoming industry conferences:

• The Cannabis Science Conference held on September 20-22, 2023, in Providence, Rhode Island. Travis Higginbotham, Vice-President of Cultivation at StateHouse, presented on a study entitled “The Impact of Light Distribution on Cannabis Sativa: Intercanopy vs Overhead Light with Equal DLIs.”

• The Benzinga Cannabis Capital Conference is being held on September 27-28, 2023, in Chicago, Illinois. Ed Schmults, Chief Executive Officer of StateHouse, will participate in a panel entitled “The State of California Retail” on Wednesday, September 27^th at 1:00 PM CST. Additionally, management will host a series of one-on-one meetings throughout the conference.
  

Change of Auditor
On September 21, 2023, the Company’s auditor Armanino LLP (the “Former Auditor”) resigned in conjunction with its decision to discontinue providing services to public companies. The resignation does not reflect concerns with StateHouse specifically or regarding the cannabis industry in general.

The Company has commenced a selection process for a successor auditor and will inform the market with a further press release once a candidate has been confirmed. The Former Auditor will participate in the orderly transition to the successor auditor upon appointment.

The Company confirms there were no “reportable events” under National Instrument 51-102: Continuous Disclosure Obligations (“NI 51-102”) between the Company and the Former Auditor. In Accordance with NI 51-102, the Company’s notice of change of auditor and any required associated documentation will be filed on SEDAR in due course.

About StateHouse Holdings Inc.

StateHouse, a vertically integrated enterprise with cannabis licenses covering retail, major brands, distribution, cultivation, nursery, and manufacturing, is one of the oldest and most respected cannabis companies in California. Founded in 2006, its predecessor company Harborside was awarded one of the first six medical cannabis licenses granted in the United States. Today, the Company operates 13 dispensaries covering Northern and Southern California and one in Oregon, distribution facilities in San Jose and Los Angeles, California and integrated cultivation/production facilities in Salinas and Greenfield, California. StateHouse is a publicly listed company, currently trading on the Canadian Securities Exchange ("CSE") under the ticker symbol "STHZ" and the OTCQB under the ticker symbol "STHZF". The Company continues to play an instrumental role in making cannabis safe and accessible to a broad and diverse community of California and Oregon consumers.