Stem Holdings, Inc. Teams Up with Organic Guyz for the Opening of Its Newest Dispensary in the Heart of Kalamazoo, Michigan
April 28, 2021 at 07:30 am EDT
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Stem Holdings, Inc. announced that it has teamed up with Organic Guyz for the opening of its newest dispensary in the heart of Kalamazoo, Michigan this June. In addition, Stem will introduce its Budee e-commerce and delivery platform for the first time in the Midwest, in order to service the entire state of Michigan with future plans for expansion in adjacent markets. Stem is a Farm-to-Home™ multi-state operator with dispensaries in three other states. This will be the second Stem branded dispensary in the country. Stem's acquisition of Driven Deliveries in December 2020 added Budee's omnichannel technology to its existing retail operations, enabling Stem to deliver to 92% of California residents with plans for expansion to other states including Michigan. Stem chose to expand to Michigan because of increased demand for home delivery in that state due to an expanding cannabis market, which has doubled in the last 12 months. The new Stem dispensary will be over 2500 square feet, and will be located on Portage Street, conveniently located near major roadways. There is sufficient parking for the delivery drivers since this is going to be one of major delivery hubs for the state. An integrated marketing effort is planned for the grand opening which is anticipated to occur in Summer 2021.
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.