Welcome to our dedicated page for Stem Hldgs news (Ticker: STMH), a resource for investors and traders seeking the latest updates and insights on Stem Hldgs stock.
STEM Holdings, Inc. (STMH) is a vertically integrated cannabis operator with cultivation, production, and retail operations across six U.S. states. This news hub provides investors and industry observers with timely updates on corporate developments, regulatory compliance milestones, and market expansion initiatives shaping this multistate operator's trajectory.
Access authoritative updates on STMH's strategic partnerships, license portfolio growth, and operational enhancements within the evolving cannabis sector. Our curated news collection serves as a centralized resource for tracking the company's progress in key markets including Oregon, Nevada, California, Massachusetts, Maryland, and Oklahoma.
Key coverage areas include production capacity updates, dispensary network developments, regulatory compliance achievements, and financial performance indicators. All content is maintained to reflect current operational status while avoiding speculative analysis or investment recommendations.
Bookmark this page for streamlined access to official STEM Holdings communications and third-party reporting. Regularly updated content ensures stakeholders maintain informed perspectives on this vertically integrated company's positioning within the competitive cannabis marketplace.
Stem Holdings, Inc. has officially launched its Budee™ cannabis e-commerce and delivery platform in Oregon, marking its first expansion outside California. Budee™ provides express delivery of best-selling cannabis products in under 60 minutes across Greater Metro Portland, with plans for a rollout in Eugene in October. Oregon's cannabis market exceeded $1 billion in sales in 2020, driven by pandemic-related demand. The company aims to integrate its delivery service to enhance customer experiences and expects significant growth, leveraging its established operations in California.
Stem Holdings, a multi-state, vertically integrated cannabis company (OTCQX: STMH), announced the availability of its virtual roadshow presentation on ChannelChek. CEO Adam Berk discussed the company's Farm-to-Home strategy and plans for organic and acquisitive growth. Stem Holdings features a proprietary Delivery-as-a-Service marketplace and operates various award-winning brands such as TJ's Gardens and Cannavore. The company emphasizes its integrated operations across cultivation, processing, and retail.
Stem Holdings (OTCQX:STMH) and Tinley Beverage Company have integrated their technologies to facilitate home delivery of cannabis-infused beverages across California. This partnership leverages Stem’s Budee delivery network, reaching 92% of the state’s population within two hours. Customers can order directly from Tinley’s website for seamless delivery. The collaboration aims to expand access to cannabis through beverage-specific online portals, targeting new consumers who prefer non-smoking options. This initiative is a strategic move to capitalize on the growing market for cannabis beverages.
Stem Holdings, d/b/a Driven By Stem, reported record gross revenue of $12.4 million for Q1 2021, up from $2.7 million in Q1 2020. Gross profit surged 269% to $2.7 million, with retail revenue comps increasing 49.5% year-over-year. The company is expanding its Budee delivery service into Oregon and plans a new retail dispensary in Michigan by September 2021. Adjusted EBITDA rose to $1.7 million, and a public offering raised C$10.3 million. Management is optimistic about continued growth through expanded market share and product offerings.
Stem Holdings, operating under the brand Driven by Stem (OTCQX: STMH CSE:STEM), is scheduled to present virtually at the 2021 Canaccord Genuity Virtual Cannabis Conference on May 11 at 10:00 a.m. ET. The event will highlight leading players in the cannabis sector, with a webcast available on the company's website. Stem Holdings focuses on a vertically integrated Farm-to-Home cultivation model, offering innovative cannabis products and technology. Known for its award-winning brands, it emphasizes direct-to-consumer logistics and an omnichannel user experience.
Stem Holdings, Inc. (OTCQX: STMH) is expanding its presence in the cannabis market by opening a new dispensary in Kalamazoo, Michigan, in partnership with Organic Guyz. This will be Stem's second branded dispensary and aims to meet increasing demand for cannabis delivery, particularly in a state where cannabis sales surged 179% last year. The new 2500-square-foot dispensary is part of a broader strategy to tap into Michigan's growing market, projected to reach $1.2 billion in sales next year. Stem also plans to introduce its Budee e-commerce platform to service Michigan.
On April 19, 2021, Stem Holdings (OTCQX: STMH) announced its participation in two upcoming investor events on April 20, in celebration of '4/20', the unofficial cannabis holiday. CEO Adam Berk will present at VirtualInvestorConferences.com at 2:30 PM ET and participate in the Planet MicroCap Showcase at 8:00 PM ET. These events aim to enhance investor engagement and showcase the company's position in the growing cannabis industry. Stem offers a unique Farm-to-Home™ model and operates a Delivery-as-a-Service platform, with a portfolio of well-known cannabis brands.
Stem Holdings, Inc. (OTCQX: STMH, CSE: STEM) reported a preliminary gross revenue of US$12.88 million for Q1 2021, reflecting a 456% increase year-over-year. The company integrated its recent acquisitions, driving record sales and improved margins while reducing SG&A costs. Key metrics for the quarter included a 32.1% rise in total dispensaries and an 81.5% increase in total units sold. Stem expects gross revenue from its expanded operations in Oregon to reach US$8 million over the next year. Full financial results will be available on or about May 15, 2021.
Stem Holdings has launched its first co-branded product, Rick Simpson Oil (RSO), combining its well-known brands, TJ's Gardens and Yerba Buena. The RSO is produced at TJ's Gardens facility in Oregon, utilizing high-CBD cultivars from both brands. CEO Adam Berk emphasized the commitment to wellness and accessibility, noting the product's high demand. The RSO will be available statewide in Oregon, further expanding Stem's market presence as a leading cannabis and hemp company.
The recent acquisition of Driven Deliveries by Stem Holdings is set to redefine the U.S. cannabis market. The deal, valued at approximately C$41.3 million, will form Driven By Stem, a vertically-integrated cannabis company with a Delivery as a Service (DaaS) platform. With combined revenues projected at USD$49 million and a gross profit of USD$18 million for the year, Driven By Stem aims to leverage both companies' strengths to enhance market share. The acquisition is expected to close by late 2020 and will be accretive to earnings, offering substantial synergies and cost savings.
