Stem Holdings, Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2021
May 17, 2021 at 05:27 pm EDT
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Stem Holdings, Inc. announced earnings results for the second quarter ended March 31, 2021. For the second quarter, the company announced operating loss was USD 3.024 million compared to USD 3.625 million a year ago. Net loss was USD 8.612 million compared to USD 4.665 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.08 a year ago. For the half year, operating loss was USD 6.047 million compared to USD 6.511 million a year ago. Net loss was USD 11.800 million compared to USD 7.742 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.14 a year ago.
Stem Holdings, Inc. is a vertically integrated cannabis branded products and technology company. It is engaged in the cultivation, processing, extraction, retail, distribution, and delivery-as-a-service (DaaS) operations throughout the United States. The Company purchases, leases, operates, and invests in properties for use in the production, distribution and sales of cannabis and cannabis-infused products licensed in the states of Oregon, Nevada, and California. It has ownership interests in over 23 state issued cannabis licenses including nine licenses for cannabis cultivation, three licenses for cannabis processing, two licenses for cannabis wholesale distribution, three licenses for hemp production and cannabis dispensary licenses. Its wholly owned subsidiaries include Stem Holdings Oregon, Inc., Stem Holdings IP, Inc., Opco, LLC, Stem Agri, Inc., Stem Holdings Oregon Acquisitions 1, Corp., Stem Holdings Oregon Acquisitions 2, Corp., and Stem Holdings Oregon Acquisitions 3, Corp.
STEM HOLDINGS, INC. 
