BOCA RATON, Feb. 25, 2019 (GLOBE NEWSWIRE) -- Stem Holdings, Inc. (OTCQB: STMH CSE: STEM) (the “Company” or “Stem”) an innovative publicly-traded corporation with vertically integrated cannabis operations in Oregon, Nevada and Oklahoma, is pleased to announce the appointment of Charles A. Gargano, a business leader, former government official and former U.S. Ambassador to Trinidad and Tobago, to Stem’s Advisory Committee.
“Mr. Gargano’s guidance will be invaluable to Stem’s strategic growth,” says Stem’s CEO, Adam Berk. “We believe that Mr. Gargano’s involvement on Stem’s Advisory Committee will make a meaningful impact on the future success of our Company and the cannabis industry overall.”
Mr. Gargano has significant experience advising on economic strategy, implementing key initiatives, in particular strengthening New York State’s economic competitiveness, and overseeing billions of dollars utilized for economic development projects that have led to the creation of thousands of jobs.
Mr. Gargano has spent more than 20 years in public service at the Federal and State level, serving two U.S. Presidents as an Ambassador to the Republic of Trinidad and Tobago as well as in the administration of Governor Pataki. Subsequently, as Chairman and CEO of the Empire State Development Corp., Commissioner of the Department of Economic Development, and Vice Chairman of the Port Authority of New York and New Jersey, Mr. Gargano was principally responsible for the restoration of lower Manhattan following September 11, 2001. His involvement culminated in the rebuilding of the World Trade Center, development of key transportation projects and rejuvenation of the WTC business community.
Prior to public service, Gargano worked in the private sector. Mr. Gargano was Vice President of J.D. Posillico Engineering and Construction on Long Island. His leadership in the Long Island business community garnered him a host of appointments on boards and committees in both the corporate and not-for-profit sectors.
Mr. Gargano earned a Master’s Degree in Business Administration and a Bachelor’s degree in Civil Engineering from Fairleigh Dickinson University. He also holds a Master’s degree in Civil Engineering from Manhattan College. Mr. Gargano has received honorary Doctorate Degrees from Pace University, Stony Brook University, New York College of Podiatric Medicine, and City University of New York.
Stay up to date on Stem’s efforts in Nevada and in other markets by visiting its website at stemholdings.com.
About Stem Holdings, Inc.
As a vertically integrated cannabis company, Stem has positioned itself as a pioneer in the industry with its affiliated state-of-the-art cultivation, processing, extraction, retail, and distribution operations. Stem owns and manages affiliated cannabis facilities in Nevada, Oklahoma, and Oregon, and also participates in a research project in collaboration with Cornell University. Utilizing proprietary, sustainable cultivation techniques, Stem develops exceptional products that are safe and consist of lab-tested cannabis and CBD. Stem's affiliated award-winning, nationally known, consumer-facing brands include: cultivators, TJ's Gardens and Yerba Buena; retail brands, Stem and TJ's; infused product manufacturers, Cannavore and Supernatural Honey; and a CBD company, Dose-ology. Stem’s mission in supporting the health and happiness of people and the safety of our planet is evident through the Company's continued recognition for its community involvement, employee diversification and a top place to work in cannabis, dedication to environmental causes and outstanding leadership in the cannabis industry.
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 of the cannabis industry.
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
Director of Branding and Public Relations
(971) 266-1908
mauria@stemholdings.com