Movers and SHAKERS
Stem Holdings (STMH)(STEM:CA)
California E-Commerce and Delivery Expansion
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.
California Expansion. On the heels of last weeks expansion in Oregon, Driven by Stem has received a non-storefront license to open a distribution hub in Mendota, located in the county of Fresno, enabling it to provide better service to consumers with its Budee e-commerce platform in four key counties in Northern California, home to 2.3 million residents.
Benefits. The expansion is expected to drive topline sales with greater efficiency, as the Company anticipates savings of up to $1 million in operating expenses, with significant savings in gross receipt taxes. The Company plans for the Mendota hub to become operational in October through a new 2,000 square foot facility, which will be dedicated to delivery service in 60 minutes or less ...
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.