Wall Street Veteran Keith L. Horn Joins Stillwater Board of Directors

Horn Brings Decades of Business Acumen in Finance, Investment,
Management and More to Board

DENVER–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/CBD?src=hash” target=”_blank”gt;#CBDlt;/agt;–Stillwater,
Colorado’s leading company for the processing, manufacturing and
distribution of soluble cannabinoid-infused consumer packaged goods and
commercial food, beverage and cosmetic ingredients, today announces the
appointment of Keith L. Horn to its board of directors. Horn brings a
wealth of capital markets and corporate governance expertise to the
company, as it prepares to expand operations to meet the needs of the
emerging cannabinoid ingredient market, following the legalization of
industrial hemp on Dec. 20, 2018.

From 2003 through 2015, Horn served as chief operating officer for
Elliott Management Corporation, a global multi-strategy investment firm
managing approximately $35 billion of assets. Horn was responsible for
global management and oversight of operational, support and control
functions for the firm’s investment business. He was also a member of
the Management Committee, and chairman of the Valuation Committee. Prior
to joining Elliott, Horn spent 16 years at Merrill Lynch; over the
course of his tenure, he served as global head of leveraged finance,
head of Latin America debt, and chief of staff to the chairman and
president. He is the founder and managing member of Loring Capital
Advisors, LLC, which provides investment advisory and consulting
services to a variety of funds, investment managers, startup companies
and high net worth individuals.

Horn serves on the Board of Directors of Empire Resorts, Inc. (ticker:
NYNY), a public holding company which owns and operates Resorts World
Catskills through a subsidiary. He also serves on the Board of Directors
of ShopOne Centers REIT, Inc., a leading owner, operator and manager of
high-quality shopping centers. Horn serves on the Board of Managers of
The Laundry Chute, LLC, a technology-driven laundry service for students
on college campuses.

Horn earned a Bachelor of Arts in economics and political science from
Binghamton University, and a Juris Doctorate from Georgetown University
Law Center.

“We are proud to add Keith to Stillwater’s board of directors. He will
play a crucial role in helping shore up our controls and governance as
we prepare for the next phase of our company’s growth,” said Justin
Singer, Stillwater CEO. “A growing number of ‘mainstream’ brands are
poised to enter the cannabinoid arena, and we know there is ongoing
potential to partner with them. Our mission is to help established
brands enter the hemp-derived cannabinoid market without sacrificing
product quality or brand equity. We believe Keith will prove
instrumental in helping us continue to be the sort of reliable,
intelligent and careful partner with which quality-focused manufacturers
want to work.”

“I’m thrilled to formally join the board of a company I’ve watched grow
from just an idea to something much greater,” said Horn. “With
relentless focus and execution, Stillwater has positioned itself as the
leader in the production of standardized soluble cannabinoids for use in
food, beverage and cosmetics manufacturing. The team is second to none
in its food science and manufacturing expertise. I’m excited to help the
company reach its vast potential.”

About Stillwater

Stillwater is
a functional foods company specializing in the processing,
manufacturing, and distribution of soluble cannabinoid-infused consumer
packaged goods and specialty ingredients. The company’s
business-to-consumer arm, Stillwater
Brands, produces some of Colorado’s leading THC- and CBD-infused
edibles, including Ripple dissolvable cannabinoids, Stillwater Tea,
Whitewater Tea, and Clockwork Coffee. Its business-to-business arm, Stillwater
Ingredients, manufactures RIPPLE SC (Soluble Cannabinoids), a suite
of standardized, clean-label, shelf-stable formulations of isolated
cannabinoids that mix easily into wet or dry food systems, withstanding
standard commercial food processes and temperatures. RIPPLE SC allows
manufacturers to simply and easily introduce fast-acting, water-soluble
cannabinoids into any food environment using standard commercial kitchen
or food production equipment with no noticeable impact on flavor,
consistency, texture, or appearance – no specialized knowledge or
processing required. Backed by service, supported by execution, and
designed for scale, RIPPLE SC turns cannabinoids into just another
standard ingredient, allowing brands to spend their time and money on
what they do best.

Contacts

B
Public Relations
Meg Sessions
meg@wearebpr.com
Jordan
Blakesley
jordan@wearebpr.com
(303)
658-0605