Stem Closes Agreements To Sell Cannabis License In Massachusetts For $1.65M

Stem Holdings, Inc. STMH STEM, a vertically integrated cannabis multi-state operator, closed a stock purchase and note purchase agreement to sell its minority equity ownership interest in its Massachusetts cannabis license for a total of $1.65 million in cash on April 13, 2022.

Matthew Cohen, CEO and CFO of Stem Holdings, stated, “We are pleased to have closed on the purchase of our equity stake in Massachusetts, providing us with further working capital, which enables our company to continue to successfully execute on our restructuring plan and focus our resources on all Oregon locations and the dispensary in Sacramento, California. We are evaluating other options to monetize non-core assets to strengthen our working capital as well as our balance sheet.”

Photo: Courtesy of Diyahna Lewis on Unsplash

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The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on – Prices will increase very soon!