Stem Announces Board Change
On February 8, 2022, Stem Holdings (OTCQX: STMH) announced the resignation of director Dennis Suskind, effective immediately, to pursue other interests. The company is not currently seeking a replacement for Mr. Suskind, acknowledging his contributions to the board. Stem Holdings operates as a vertically integrated cannabis company, holding 29 state-issued cannabis licenses across Oregon, Nevada, California, and Massachusetts, allowing for cultivation, processing, and distribution of cannabis products.
- Stem Holdings holds 29 cannabis licenses, enhancing operational capacity.
- Company operates in multiple states, diversifying market presence.
- Director resignation may impact company governance and strategic direction.
BOCA RATON, Fla., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Stem Holdings, Inc. (OTCQX: STMH) (CSE: STEM) (the "Company" or "Stem"), a vertically integrated cannabis operator, announced that on February 8, 2022, Dennis Suskind submitted his resignation as a director of the Company, with immediate effect, to pursue other interests. At this time, the Company is not actively seeking a replacement for Mr. Suskind. The Company appreciates Mr. Suskind’s contributions to the board of directors of Stem.
About Stem Holdings, Inc.
Stem is a multi-state, vertically integrated, cannabis company that, through its subsidiaries and its investments, is engaged in the cultivation, processing, packaging, distribution and branding of cannabis, hemp and their derivatives, including oils, edibles, concentrates. Stem holds licenses in the adult use and/or medical cannabis marketplace in the states of Oregon, Nevada, California, and Massachusetts. Stem has ownership interests in 29 state issued cannabis licenses including nine (9) licenses for cannabis cultivation, three (3) licenses for cannabis processing, two (2) licenses for cannabis wholesale distribution, three (3) licenses for hemp production and seven (7) cannabis dispensary licenses.
No securities regulatory authority has approved or disapproved of the contents of this news release.
Investor Relations Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
1 212.896.1254
Valter@kcsa.com
FAQ
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