Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Stem Holdings, Inc.    STMH


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news


share with twitter share with LinkedIn share with facebook
09/15/2020 | 09:01am EDT

BOCA RATON, FL, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Stem Holdings, Inc. (“Stem”) (OTCQX: STMH CSE: STEM), a leading vertically-integrated cannabis and hemp branded products company with state-of-the-art cultivation, processing, extraction, retail, and distribution operations throughout the United States, announced today the launch of its Cannavore brand of cannabis-infused edibles hand-crafted in small batches with solventless THC extract.

Stem Holding, Inc

The Company test-marketed the Cannavore brand with great success and is launching a full line of edibles beginning with salted caramel chews that deliver a five-milligram dose of THC in every candy. The THC extract is solventless, using a natural bubble-hash wash to extract the THC rather than using chemical solvents, ensuring great taste with no residue. According to BDS Analytics, the market for edibles in Oregon increased 21% in the most recent 12-month period.

“Cannavore is a new brand for the company, which test-marketed well in both Nevada and Oregon,” stated Adam Berk, CEO of Stem Holdings. “We plan to launch our edibles in all markets in which Stem operates, meeting demand for consumers who prefer edibles to other forms of dosing,” he commented.

“Stem has built a new commercial kitchen as it prepares to further extend its footprint in the edibles market with unique, on-trend products, in addition to our leading flower brands,” Berk continued. “Demand for solventless extracts is strong in Oregon, and we are only using solventless forms in all of our current edible products,” stated Berk. “Cannavore is a great choice for every day and special occasion usage, and the brand was honored during its testing stage as one of Twenty-One Brands to Watchby High Times Magazine”, he concluded.

About Stem Holdings, Inc.

Stem Holdings, Inc. (OTCQX: STMH CSE: STEM) is a leading cannabis and hemp branded products company in the U.S. with proprietary capabilities in sustainable cultivation, processing, extraction, and R&D, as well as retail and distribution operations aligned with state-by-state regulations. Stem’s award-winning brands are the foundation of the Company’s expansion into current and new segments and markets, with exceptional and disruptive brands and products that benefit well-being. Stem’s expertise and scale will drive growth domestically and internationally, building value for shareholders.

Cautionary Note Regarding Forward-Looking Information

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the management of Stem with respect to future business activities. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include information regarding: (i) the ability of the Company to successfully achieve its business objectives, (ii) plans for expansion of Stem, (iii) expectations for other economic, business, and/or competitive factors, and (iv) anticipated growth.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the management of Stem’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Stem believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in the public perception of cannabis; decreases in the prevailing prices for cannabis and cannabis products in the markets that the Company operates in; adverse changes in applicable laws; or adverse changes in the application or enforcement of current laws, including those related to taxation; the inability to locate and acquire suitable companies, properties and assets necessary to execute on the Company’s business plans; and increasing costs of compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of Stem and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Stem has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Stem does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

No securities regulatory authority has in any way passed upon the merits of the proposed transactions described in this news release or has approved or disapproved of the contents of this news release.

For further information, please contact:
Media Contact:
Mauria Betts



Source: Stem Holdings, Inc

2020 GlobeNewswire, Inc., source Press Releases

share with twitter share with LinkedIn share with facebook
All news about STEM HOLDINGS, INC.
10/13STEM : Announces the expansion of its product line with its first co-branded pro..
10/13Stem holdings announces the expansion of its product line with its first co-b..
10/13STEM HOLDINGS, INC. : Entry into a Material Definitive Agreement (form 8-K)
10/06STEM : Announces Signing of Definitive Agreement to Acquire Driven Deliveries, I..
10/06STEM : Announces Signing of Definitive Agreement to Acquire Driven Deliveries, I..
10/06Stem Holdings, Inc. Announces Signing of Definitive Agreement to Acquire Driv..
09/29STEM : to Present at the Canaccord Genuity's US Cannabis Symposium
09/29Stem Holdings to Present at the Canaccord Genuity's US Cannabis Symposium
09/24STEM HOLDINGS, INC. : Entry into a Material Definitive Agreement (form 8-K)
09/15STEM : eSwatini - a Brief Tale of Two Laws
More news
Financials (USD)
Sales 2019 2,10 M - -
Net income 2019 -28,6 M - -
Net Debt 2019 2,64 M - -
P/E ratio 2019 -0,79x
Yield 2019 -
Capitalization 32,6 M 32,6 M -
EV / Sales 2018 20,6x
EV / Sales 2019 20,3x
Nbr of Employees 50
Free-Float 61,4%
Duration : Period :
Stem Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Adam Berk Chairman, President & Chief Executive Officer
Ellen B. Deutsch Chief Operating Officer & Executive Vice President
Steve Hubbard Chief Financial Officer, Secretary & Director
Garrett M. Bender Independent Director
Lindy Snider Independent Director