August 18, 2020

New MÜV™ Medical Cannabis Dispensary Brings Award Winning Products, and Natural Relief, to Patients in Port St. Lucie, Florida

AltMed Florida, one of the fastest growing companies in Florida, continues its statewide expansion with a three-day opening, starting Friday Aug. 21, 2020 at 10am for its newest MÜV™ Medical Cannabis Dispensary located in the Chamber Court Professional Center at 120 SW Chamber Ct. Port St. Lucie. This newest location is easily accessible just east of I-95, off Lucie West Blvd.

This MÜV dispensary is surrounded by medical offices and is close to shopping, Clover Park (spring training home of the NY Mets) and PGA village. This is MÜV’s first dispensary in St. Lucie County.

“Port St. Lucie was just named one of the best small cities in America and we’re about to make it even better,” said Todd Beckwith, AltMed Director of Corporate Affairs. “We’re excited to bring our world class products to the jewel of Florida’s Treasure Coast."

The Port St. Lucie MÜV Dispensary will serve patients from up and down the busy Intersate-95 corridor including Fort Pierce, Jensen Beach, Port Salerno, Stuart, Arundel and beyond.

“Thanks to our incredible staff, our dispensaries take the guess work out of finding the right therapies for our patients,” said John Tipton, AltMed Florida CEO. “We’ve set the standard for quality products, service and overall patient experience. We’re eager to offer our premium MÜV medical cannabis brand to Port St. Lucie area patients.”

During the opening, staggered over three-days (Aug.21-Aug.23) for crowd mitigation, all licensed Florida medical cannabis patients will receive a one-time use only, one per patient, 25 percent off their entire first purchase. Patients are also encouraged to order at muvfl.com for express pickup or delivery to help reduce heavy traffic.

Deemed an essential service during the pandemic, AltMed Florida has been able to expand its workforce to over 500 employees with additional teams coming onboard at each of its 14 new dispensaries this year. With higher demand for products from 25 total dispensaries, AltMed has also generated additional construction employment and staffing with the expansion of its 220,000-square-foot cultivation facility in Apollo Beach.

The newest state-of-the-art MÜV dispensary will offer an extensive selection of award-winning products including flower, pre-rolls, a wide range of vaporizer pens, metered dose inhalers, topicals and oral sprays; along with patented encapsulation formulations in its EnCaps™ capsules, tinctures, 72-Hour transdermal patches and transdermal gels. MÜV also has one of the widest selections of concentrates for patients needing macro-dosing options.

Like AltMed Florida’s 24 other locations (Apollo Beach, Bradenton, Bonita Springs, Clearwater, Deerfield Beach, Fort Myers, Gainesville, Jacksonville/San Marco, Jacksonville Beach, Lady Lake, Lakeland, Longwood/Orlando, Lutz, North Port, downtown Orlando, Ormond Beach, Pensacola, Sebastian, Sarasota, St. Petersburg, Tallahassee, Tampa, Wellington, West Palm Beach) the new Port St. Lucie MÜV Dispensary stands out because it’s designed as a premium experience – think Apple Store, with a modern open-concept design and expert staff with extensive training.

The MÜV brand already has a wide following in other legal medical cannabis markets, including Arizona, where it has won five Best of Arizona medical cannabis awards. MÜV products are sold exclusively in Florida at MÜV dispensaries because, unlike other states, Florida does not allow wholesale of product between license holders - only products that license holders make themselves can be sold in their dispensaries.

For more information about the new ADA-compliant MÜV Medical Cannabis Dispensary in Port St. Lucie, including hours and available MÜV products, visit muvfl.com.

AltMed Florida is on pace to open 40 MÜV Medical Cannabis Dispensaries across the state, all supplied by its 220,000-square-foot, state-of-the-art cultivation facility.

About Plants of Ruskin, LLC

(d.b.a. AltMed Florida, LLC)

With a focus on quality and attention to detail, Plants of Ruskin has more than 35 years of experience in providing seedlings to farmers for vegetable and medical product production. Plants of Ruskin founders, the Dickman Family, are 4th generation farmers with a long history of working in conjunction with the University of Florida, including an endowed chair specifically dedicated to plant improvement.

About AltMed Enterprises

Alternative Medical Enterprises, LLC, headquartered in Sarasota, FL and doing business as AltMed Enterprises, is a fully integrated medical cannabis company that brings compassion, community engagement and pharmaceutical industry precision to the development, production and dispensing of medical cannabinoids.

About MÜV™

The MÜV brand of cannabis infused products was launched in Arizona in 2016 and quickly gained international attention and recognition. In its first six months alone, MÜV received four best of Arizona medical cannabis awards, including two first prizes for its proprietary Ethanol extractions that are the basis of all MÜV products.

Forward-Looking Statements - To the extent any statements made in this press release contain information that is not historical, these statements are forward-looking in nature and merely express our beliefs, expectations or opinions. For example, words such as “may,”“should,” “estimates,” “predicts,” “continues,” “believes,” “anticipates,”“plans,” “expects,” “intends,” “potential,” “strategy” and similar expressions are intended to identify forward-looking statements. Such statements are based on current expectations or estimates and involve a number of known and unknown risks and uncertainties that could cause our actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause or contribute to these differences include, but are not limited to, the following: (i) our ability to implement our business strategy of distributing high quality cannabis products where permissible under applicable law; (ii) availability and cost of additional capital; (iii) our ability to attract, retain and motivate qualified employees and management;(iv) the impact of federal, state or local government regulations; (v)competition in the cannabis industry; (vi) our ability to generate revenues; and (vii) litigation in connection with our business. All forward-looking statements included in this press release and attributable to us or any person acting on our behalf are qualified by this cautionary statement.Forward-looking statements speak only as of the date on which they are made, and, except as required by law, we undertake no obligation to update or revise any forward-looking statement, regardless of whether new information becomes available, future developments occur or otherwise.

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