Stem Holdings Inc., Begins Trading on the OTC Market
BOCA RATON, Fla. (PRWEB) June 11, 2018 -- Stem Holdings Inc. (CSE:STEM, OTCQB:STMH) (“Stem Holdings” or the "Company") an innovative real estate company, which initially acquires and improves properties for the cannabis industry, today announced that its common shares have begun trading under the ticker symbol “STMH” on the OTCQB as of June 5th, 2018.
“We are excited that our stock is now trading on the OTCQB,” said Stem Holdings CEO, Adam Berk. “Stem Holdings provides value to our shareholders through an expansion strategy that focuses on multiple sectors of the market. Our expert team manages every step of the operation, from cultivation and processing to marketing and retail sales.”
Mr. Berk continued, “We are currently at the forefront of one of the fastest growing industries in the U.S.” According to the ArcView Group, cannabis spending in the United States is expected to reach $23.4 billion by 2022.
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 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 http://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 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.
For further information, please contact:
Investor Relations Contact:
Amato and Partners, LLC
Investor Relations Counsel
212.460.0360
[email protected]
Media Contact:
Mauria Betts
Director of Branding and Public Relations
(971) 266-1908
[email protected]
Mauria Betts, Stem Holdings Inc, http://www.stemholdings.com, +1 9712661908, [email protected]
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