Apex Global Brands and the new medical division of Stem Holdings, Inc. announced a multi-brand partnership. Through this partnership, the companies will debut customized medically-directed CBD through licensing agreements with three of APEX's leading brands. Stem Holdings has developed proprietary plant cultivars, each of which is cultivated for the highest quality and efficacy.

By leveraging Apex Global Brands' best-in-class brand portfolio, retail distribution, and strong marketing platform, Stem Holdings will be able to bring innovative products to market featuring these proprietary strains. The custom product assortment has been inspired by active consumers of three of APEX's brands, which include: Hi-Tec® – a European-founded outdoor crossover brand offering footwear, apparel and accessories since 1974; Magnum® – a global supplier of military, workwear and service-industry footwear, apparel and accessories with a 37-year legacy; and Everyday California® – a La Jolla, California based ocean, adventure and lifestyle brand offering cool and casual apparel, accessories and footwear. Apex Global Brands regularly collaborates with companies around the world within its portfolio of brands and has developed a screening process for all potential partnerships that focuses on innovation, quality, reputation and distribution.

First product shipments are expected to take place in early calendar year 2020.