BOCA RATON, July 16, 2018 (GLOBE NEWSWIRE) -- Stem Holdings, Inc. (“Stem” or the “Company”) (OTCQB: STMH; CSE: STEM) is pleased to announce that its common shares have begun trading under the ticker symbol “STEM” on the Canadian Securities Exchange (the “CSE”).
Stem is an innovative real estate company, which acquires and improves properties for the cannabis industry. Stem owns multiple licensed cultivation facilities and retail stores in Oregon and Nevada. The Company has also developed partnerships with a number of award-winning cannabis brands.
“Listing on the CSE provides Stem access to capital to fund the Company’s strategy for growth and leverage our position as a leader in the cannabis industry,” said Stem’s CEO, Adam Berk. “We are excited to provide an opportunity for global investors to participate in our expansion strategy that focuses on multiple sectors of the market, while still providing value to our current shareholders.”
A listing statement with information about Stem and prepared in accordance with the policies of the CSE will be available on SEDAR at www.sedar.com.
About Stem Holdings, Inc.
Stem has positioned itself as a leader in the U.S. cannabis industry by building state-of-the-art licensed solutions, including: cultivation, processing and retail properties across multiple U.S. markets. As an innovative real estate company, Stem acquires and improves properties for the cannabis industry. Stem has set itself apart by building and partnering with a variety of marijuana-based businesses, from edibles to hemp cultivation. The Company has developed an extensive portfolio of award-winning consumer-facing brands, partnering with well known, branded cannabis operators with a proven track record of success, such as TJ’s Gardens, Cannavore, incredibles, Doseology and Green T-Farms. For more information, visit www.stemholdings.com.
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, and (iii) expectations for other economic, business, and/or competitive factors.
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; and in particular in 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.