Stem Holdings, Inc. acquired Artifact Extracts for $2.9 million.
September 19, 2021
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Stem Holdings, Inc. (OTCPK:STMH) acquired Artifact Extracts for $2.4 million on September 17, 2021. As per the terms of the transaction, Stem Holdings, Inc. issued 8.2 million shares to Artifact Extracts. Such share consideration will be held in escrow for a period of six months with a subsequent six month leak out. The transaction was approved by the Oregon Liquor and Cannabis Commission.
Stem Holdings, Inc. (OTCPK:STMH) completed the acquisition of Artifact Extracts on September 17, 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.
STEM HOLDINGS, INC. 
