Movers and SHAKERS
Stem Holdings (STMH)(STEM:CA)
Budee on the Apple App Store
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.
Apple App and Budee. Driven by Stem's Budee e-commerce cannabis delivery platform and service has launched Budee Cannabis Delivery app, which is available for download in the Apple App store. Customers of the Budee app can now seamlessly and confidentially purchase cannabis products through their mobile device in the California and Oregon markets served by Budee, with additional markets expected by year-end.
Importance of Apple App Store. With 113 million iPhone users in the U.S., the potential of being on the Apple App store is enormous. Already, the Apple App store is estimated to drive more than $500 billion of commerce through the more than two million available apps. Notably, being featured on the Apple App increases downloads by a median 30% for non game apps in the U.S ...
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*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.