Thursday, April 07, 2022
Stem Holdings (STMH)(STEM:CA)
Appoints New CEO
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.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
- New CEO. Stem Holdings announced the appointment of Co-Founder Matthew Cohen as Chief Executive Officer and Chief Financial Officer effective immediately. Although working out of the spotlight, Mr. Cohen played an instrumental part in the organization of Stem and its acquisition of the cannabis cultivation and retail operations. We had an opportunity to speak with Mr. Cohen and following are the highlights.
Rationalization of Assets. Mr. Cohen already is moving forward with the sale of assets, such as some of the Company’s joint ventures and real estate that can be leased backed. Funds generated by these actions will provide a cushion as the Oregon operations are rebuilt. Ultimately, we expect Stem to rationalize into the Oregon operations and the California dispensary, although in our view if an …
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.
