BOCA RATON, July 02, 2018 (GLOBE NEWSWIRE) -- Stem Holdings Inc. (OTCQB: STMH, CSE:STEM approved pending trading) an innovative real estate company, which acquires and improves properties for the cannabis industry, is excited to announce that its Director of Operations, Dr. Geoff Ostrove, has been elected President Downtown Eugene Merchants (DEM).
This organization is the arm of the Eugene Chamber of Commerce focusing primarily on providing economic development services to Eugene, Oregon’s revitalizing downtown business district. With over 70 members from diverse businesses, ranging from new retailers to established marketing firms and everything in between, we represent the growing number of innovative businesses in downtown. The organization also works closely with the downtown community on advocacy efforts encouraging a safer and more vibrant district, concurrent with the City of Eugene’s events that take place year-round.
Dr. Ostrove will be tasked with organizing community events. Additionally, he will work with the Eugene’s Police Department, Planning Commission, and City Council to improve downtown Eugene’s ability to provide its community members with a safe place to shop, eat, and relax.
Dr. Ostrove commented, “I am honored in being elected President of the Downtown Eugene Merchants to continue to lead and execute the ongoing, merchant business objectives. I look forward to working with the organization and its members and continuing the work of Nicole Desch, former President.”
As a member of the Eugene Chamber of Commerce through one of its dispensary brands, TJ’s on Willamette, Stem Holdings congratulates Dr. Ostrove for being elected to this important and prestigious role. Stem Holdings is proud to support efforts to improve Eugene’s downtown business district.
Before joining Stem Holdings Inc, Dr. Geoff Ostrove was formally the President of one of the first companies in Oregon to receive a recreational cannabis production license. He holds a PhD in Communication & Media Studies and Masters of Community & Regional Planning. Geoff has a professional background in public policy, having worked as a City Planner for Oregon’s Business Development Department and a Campaign Manager for a State Senator.
About Stem Holdings Inc.
Stem Holdings has positioned itself as a leader in the U.S. cannabis industry by building state-of-the-art licensed solutions to include: cultivation, processing and retail properties across multiple U.S. markets. As an innovative real estate company, Stem Holdings acquires and improves properties for the cannabis industry. Because traditional institutional lenders have not directly participated in the financing of marijuana-related real estate, there has been a shortage of available improvement capital. Stem Holdings 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
About TJ’s on Willamette
TJ’s on Willamette marijuana dispensary is in downtown Eugene, about one mile from the University of Oregon campus. This former bead shop has been remodeled into a retail destination for cannabis aficionados. It is located at 1027 Willamette St. Eugene, Or. 97401. For more information, visit www.visittjs.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 Stem Holdings Inc. 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) expectations regarding the size of the U.S. cannabis market (ii) the ability of the Company to successfully achieve its business objectives, (iii) plans for expansion of Stem Holdings Inc., and (iv) 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 Stem Holdings Inc. management'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 Holdings 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 combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the potential impact of the announcement of the going public transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; 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 Holdings 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 Holdings 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 Holdings 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.