Stem Holdings, Inc. Reports Earnings Results for the Full Year Ended September 30, 2020
December 28, 2020 at 08:22 am
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Stem Holdings, Inc. announced earnings results for the full year ended September 30, 2020. For the full year, the company announced operating loss was USD 9.666 million compared to USD 22.063 million a year ago. Net loss was USD 11.002 million compared to USD 28.594 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 1.01 a year ago.
Stem Holdings, Inc. is a vertically integrated cannabis branded products and technology company. It is engaged in the cultivation, processing, extraction, retail, distribution, and delivery-as-a-service (DaaS) operations throughout the United States. The Company purchases, leases, operates, and invests in properties for use in the production, distribution and sales of cannabis and cannabis-infused products licensed in the states of Oregon, Nevada, and California. It has ownership interests in over 23 state issued cannabis licenses including nine licenses for cannabis cultivation, three licenses for cannabis processing, two licenses for cannabis wholesale distribution, three licenses for hemp production and cannabis dispensary licenses. Its wholly owned subsidiaries include Stem Holdings Oregon, Inc., Stem Holdings IP, Inc., Opco, LLC, Stem Agri, Inc., Stem Holdings Oregon Acquisitions 1, Corp., Stem Holdings Oregon Acquisitions 2, Corp., and Stem Holdings Oregon Acquisitions 3, Corp.
STEM HOLDINGS, INC. 
