Wednesday, October 27, 2021
Stem Holdings (STMH)(STEM:CA)
Entering Colorado Market
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.
Colorado Expansion. Driven by Stem (formerly Stem Holdings, Inc.) has entered into a letter of intent to acquire Colorado Harvest Company, (CHC) one of Denver’s oldest, vertically integrated operators. Price and terms of the deal are still in negotiation. In 2021, CHC is expected to generate revenue of $13 million and gross profit of $5.07 million.
Colorado Harvest Company. Founded in 2009, CHC serves customers an extensive selection of the finest quality edibles, concentrates, and naturally grown cannabis flower. CHC operates two dispensaries in Denver and one in Aurora. In addition, CHC has two delivery permits and operates two cultivation facilities which produce over 200 pounds of naturally grown cannabis per month …
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.
