Cannabis Company StateHouse Launches New Customer Loyalty Program "TOPS"

StateHouse Holdings Inc. STHZF STHZ launch a new customer loyalty program "TOPS". Customers enrolled in TOPS will receive 1 point per $1 dollar spent (taxes excluded), as well as 1.5 points per $1 dollar spent on in-house brands, including Kingpen/Kingroll, Fuzzies/Sublime, Urbn Leaf, Loudpack, Smokiez, Harborside Farms, Dime Bag, and Key.

Subject to certain terms and conditions, TOPS members can receive $10 in savings for every 100 points earned and qualifying participants can also earn bonus points, including 100 points for new sign-ups, 100 points on their birthday, in addition to other ongoing promotion activities. TOPS members can accrue and redeem points in-store at all Harborside & Urbn Leaf locations, as well as online and delivery.

"We are incredibly excited to roll-out TOPS, one of the industry's highest value loyalty programs," stated Ed Schmults, CEO of StateHouse. "We have a significant opportunity to engage with our valued customer base, which following the integration of our Harborside and Urbn Leaf dispensaries represents in excess of 800,000 unique customers. We are proud to offer our customers one of the best incentives to trust us with their business, especially during this time of rising costs, and look forward to continuing to exceed their expectations for both quality and value."

Financing Update

The company continues to engage in discussions related to potential future financing options. In addition, the company's series A debtholders have granted StateHouse a further one-month extension to February 28^th, 2023, on repayment of the company's outstanding debt obligations in respect of its series A indebtedness.

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