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Stem Announces Board Change

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BOCA RATON, Fla., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Stem Holdings, Inc. (OTCQX: STMH) (CSE: STEM) (the "Company" or "Stem"), a vertically integrated cannabis operator, announced that on February 8, 2022, Dennis Suskind submitted his resignation as a director of the Company, with immediate effect, to pursue other interests. At this time, the Company is not actively seeking a replacement for Mr. Suskind. The Company appreciates Mr. Suskind’s contributions to the board of directors of Stem.

About Stem Holdings, Inc.

Stem is a multi-state, vertically integrated, cannabis company that, through its subsidiaries and its investments, is engaged in the cultivation, processing, packaging, distribution and branding of cannabis, hemp and their derivatives, including oils, edibles, concentrates. Stem holds licenses in the adult use and/or medical cannabis marketplace in the states of Oregon, Nevada, California, and Massachusetts. Stem has ownership interests in 29 state issued cannabis licenses including nine (9) licenses for cannabis cultivation, three (3) licenses for cannabis processing, two (2) licenses for cannabis wholesale distribution, three (3) licenses for hemp production and seven (7) cannabis dispensary licenses.

No securities regulatory authority has approved or disapproved of the contents of this news release.

Investor Relations Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
1 212.896.1254
Valter@kcsa.com


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STMH Stock Data

642.12k
2.71M
3.47%
0.03%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States of America
Boca Raton

About STMH

stem holdings, inc., together with its subsidiaries, operates as a vertically integrated cannabis operating company. it purchases, improves, leases, operates, and invests in properties for use in the production, distribution, and sale of cannabis and cannabis-infused products under the laws of the states of oregon, nevada, california, massachusetts, maryland, and oklahoma. as of september 30, 2020, the company had ownership interests in 22 state issued cannabis licenses, including 9 licenses for cannabis cultivation; 3 licenses for cannabis production; 5 licenses for cannabis processing; 1 license for cannabis wholesale distribution; 1 license for hemp production; and 10 cannabis dispensary licenses. stem holdings, inc. was founded in 2016 and is headquartered in boca raton, florida.