Movers and SHAKERS
Stem Holdings (STMH)(STEM:CA)
Adding Two Dispensaries, Concentrates Line
Stem Holdings Inc is engaged in the purchasing, improving, and leasing of properties and finance assets which are operated by third parties and are used for the cultivation and retail sale of marijuana. Its properties includes 42nd Street, and Mulino Farm which are used for agriculture. The company generates its revenue in the form of rental income from tenants.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Acquisition. Yesterday, Stem announced it had acquired Artifact Extracts, an Oregon-based premier cannabis extraction company known for its award-winning concentrates, as well as two dispensaries. Stem issued 8.2 million shares of stock valued at $2.9 million for the acquisition. The acquisition will enable Stem to capture additional market share and expand its presence into the fast growing concentrates segment. Stem did not release any financials for Artifact Extracts.
Artifact Extracts. Founded in 2017, Artifact Extracts is a craft cannabis company based out of Eugene, Oregon focused on pushing industry standards through the creation of high-end extracts and premium, affordable shatter. The Company's product line includes budder, badder, shatter, crumble, rosin and THC A crystals, among others ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.