Press Release

Surterra Wellness Chairman and CEO William “Beau” Wrigley, Jr. Highlights Global Paradigm Shift on Cannabis During National Thought Leader Event

Calls on Federal Policymakers to Reform Nation’s Outdated Policies to Allow America to Realize Full Health and Wellness Benefits of Cannabis

WASHINGTON, D.C – April 10, 2019 – William “Beau” Wrigley, Jr., Chairman and CEO of Surterra Wellness (Surterra), one of the fastest growing health and wellness companies in the United States (U.S.), today highlighted the need for a change in the policy paradigm related to cannabis, saying that “Americans are ready for the full spectrum of medical and wellness benefits of cannabis.” Wrigley’s remarks came during a national thought leader event hosted by news publisher Axios on “Shifting the Wellness Paradigm,” a conversation on medical cannabis as a health and wellness alternative.

At the event, Wrigley discussed how decades of global brand building and a lifelong passion for wellness spurred his interest in the burgeoning cannabis wellness industry and in building a company that he sees as an industry model for the long run. He also offered insights on Surterra’s rapid growth and expansion into new markets, the science helping doctors and individuals look beyond outdated falsehoods about cannabis, and the need for policymakers to establish a workable regulatory and business framework for a dynamic cannabis industry.

“We’re entering a new paradigm related to cannabis. Across the United States, public perception and support of legal cannabis are shifting rapidly, as facts replace outdated myths,” Wrigley told an influential audience of policy and business leaders. “Americans are ready for the full spectrum of medical and wellness benefits of cannabis – and at Surterra, we’re building a company that can be a role model and gold standard for the long run. Now policymakers must modernize federal laws to align with the reality that cannabis is, and should be, part of America’s future.”

Wrigley called on the federal government to reform outdated policies and restrictions that impede patient access, stifle critical clinical research, block legitimate companies from the protections afforded to other businesses and prevent America from realizing cannabis’s full economic and health benefits. He noted that two pieces of legislation currently pending in Congress, the STATES Act and SAFE Banking Act, are key to that reform, in that they would allow states to set their own policies regarding cannabis without federal interference.

“As industry leaders and policymakers, we have the privilege and the responsibility to create a framework for this new reality and to demystify outdated notions regarding cannabis. Modernization of our nation’s cannabis policies would be a critical step forward in increasing Americans’ access to safer, natural, cannabis-based options that improve their health and wellness,” Wrigley said.

Surterra is one of the largest U.S. providers of medical, wellness and lifestyle cannabis products, with vertical operations in Florida, Texas and Nevada, and a pending acquisition in Massachusetts. The company operates 23 Surterra Wellness Centers and over 300,000 square feet of canopy throughout Florida with contracts to expand to over 500,000 square feet of cultivation by mid-2019.

The event was moderated by Axios Co-founder and Executive Editor Mike Allen and also featured insights from members of Congress and other industry leaders on the innovation and policy landscape for cannabis.

About Surterra Wellness

Surterra Wellness (Surterra) is one of the nation’s fastest growing health and wellness companies. With vertical operations in Florida, Texas and Nevada, and a pending acquisition in Massachusetts, Surterra brings a broad portfolio of high-quality brands to meet the needs of individuals who choose the natural medical relief and wellness enhancing benefits of cannabis products. Surterra offers a wide variety of medical, health and wellness products in multiple delivery options, including vaporizer pens, tinctures, oral sprays, topical creams, time released transdermal patches, and softgels. The company’s brand portfolio includes: Surterra Wellness, Florida’s Finest, The Apothecary Shoppe, and now Coral Reefer brands. Founded in 2014, Suterra serves thousands of consumers each year. For more information, please visit www.surterra.com.

About Axios

Co-founded in 2016 by Mike Allen, Jim VandeHei and Roy Schwartz, Axios is one of the fastest growing
news organizations in the United States. Known for its mix of exclusive news, illuminating coverage and
trustworthy insight delivered with “Smart Brevity” and a distinctly shareable format, Axios’ mission is to
make readers “smarter, faster with news and information that matters.” For more information, please visit
www.axios.com

Contact:
lmackenzie@surterra.com
415.518.8652