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Stem Holdings, Inc. (STMH)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0395-0.0045 (-10.18%)
As of 11:15AM EDT. Market open.

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  • H
    Hugh
    According to trading information contained herein volume just rocketed to 9 shares. That means someone sprung for 27 cents. Enough of the humor. Here’s why we may still have life:

    1. CEO has experience with a National CPA firm

    2. Sales were in the millions

    3. Selling a marketing license for an entire state suggests that other licenses may exist elsewhere

    4. Montana (as red a state as there is) just voted in the recreational part of the business. While sales are growing I am aware of impressive plans for expansion within the state. If this is happening here it has to be occurring in spades elsewhere. There are some deep pockets behind this. Deep pockets in a sparsely populated state suggests deep pocket, very deep pocket presence elsewhere.

    Like many others here I am sitting on a big decline in value. Keep in mind you do not have a loss in such a situation until you sell. According to my on line broker quarterly financials are to be released shortly. Company web site does not have a financial statement link. Let’s keep our fingers crossed as to our financial ability to survive in the immediate future. If we can make it for say 1/2 years we may be pleasantly surprised. Here’s hoping that our small company makes it and capitalized on what is to be an enormous future industry.

    Peace
  • H
    Hugh
    Anyone up for a little humor? Yahoo’s 1 year estimated price is $23.65. Wonder if that’s per share or value of day’s trades?
  • T
    T. Chong
    Whoever bought at $0.04 is down 25%
  • R
    Roberto
    This stock is going to be fine, very undervalued has been forever. Someone is going to buy them.
  • R
    Russell
    Anything new here? I'm sticking to my guns that STMH will be a profitable, smaller size, operator in CA and OR. Hopefully they have capital to continue; I think the recent sell of a MA license was a good move to gain cash in exchange for a license they were not capitalizing on. Recent Debt restructure shows flexibility from debentures and a willingness to continue.

    Okay, back to putting head in the sand.
  • R
    Russell
    52 Week Low at .0228. Any news? Looking at volume, perhaps it was one or a couple of sellers dumping 500k shares? Is that possible???
  • T
    T. Chong
    What is going on? Trading looks like it has stopped a week ago on the Canadian side and on the American side on June 28th only 1.55k shares exchanged hands!
  • T
    T. Chong
    WOW! Someone sold and someone bought at $0.025 a whopping 7k shares. 🥜🥜🥜
  • K
    Kirk
    Go belly up please .
  • R
    Russell
    So the announcement from today looks like STEM is trying to extend their convertible debt agreement with Olympia Trust. Its submitted for approval to change the debt agreement. They want to extend the maturity date of the loan by 3 years, but will pay 5% of the principle back to Olympia if the amendment passes. I think if Olympia agrees and CSE accepts the change, it's a bullish move. It shows that Olympia is willing to work with them and continue their investment.

    Let me know if i'm off here, didn't dig in too deep, but got the jist of it.
  • B
    BrandonBoddy
    I don’t want anyone to be discouraged about the price action. Let management work. Trust me word will get out about how stem is not only vertically integrated, but also the 2nd largest cannabis delivery app in the us with a brilliant tech stack. Automatically separates us from the rest of the cannabis stocks
  • S
    Stevie E
    Congratulations Stem on another great acquisition!
    Looks like Driven by Stem will be operating in Colorado real quick considering they are getting delivery permits along with the dispensary and facilities.
  • H
    Happy
    I spoke to Adam a few weeks back after an investor session. RS is not going to happen any time soon. They just want to be ready if the bill (or other catalyst) passes. In that situation they want to be able to move quickly to, for example a potential uplisting. The RS is only valid for a year. If they wouldn't have voted on it now, and a catalyst would happen say Q1 2022, they would need to wait until the next shareholder mtg potentially losing first mover advantage. I'd say - let's see and have a positive view on it. STMH is doing well, new consolidated webplatform launching shortly after the summer, eCommerce deals going on, revenue is OK and still in line with the forecast, ...
    With this negative view we only fuel the shorters pressing hard on the stock price. Currently short borrow fee is at 10ish%. Short volume is peaking at 88.52% ... Only selling drives the price down. It's hard as I'm also almost 50% down, but the business has not changed, the outlook is good and the management knows their stuff. Now it's just us needing to have patience.
  • B
    Brian
    Stem reported third quarter record gross sales of $12.4 million and net sales of $10.6 million, up 104% and 103%, respectively, over the prior year’s $6.1 million gross sales and $5.2 million net sales.

    Gross margin improved 7.6% to 41.8%, reflecting improvements in productivity, mix and synergies from the company’s acquisition of Driven Deliveries, Inc.
  • R
    Ray the loan officer
    I just watched the presentation. Adam giving status for the 1st hundred days was priceless. I almost cut loses today. Instead I’m averaging down again. Too many good things happening at STEM. The way he explained how STEM would benefit from The Safe Banking law was really interesting. They’re currently doing great, in spite of their customers having to hit an ATM before their Budee driver shows up. Credit cards would be a crazy driver to a business like this. Also, customers have increased their delivery spending to $67 per order. That would swell once credit cards are accepted. Another note, Yerba Buena was a silent launch and immediately 100% of it sold out. They also now carry over 1000 skews including competing brands. They want to be a one-stop-shop with delivery. Oregon is getting delivery services this quarter as well and they have a grand opening scheduled for Labor Day weekend in Kalamazoo Michigan.
  • T
    Trenr
    Does anyone know if Stem divested their Michigan Ecommerce/ delivery license too? From what I'm seeing, they wanted out of Cali because of excess over supply which has deteriorated margins and lead to increased marketing costs. Sure, I can see how this makes sense... But Michigan has had a much slower rollout and we aren't seeing the pricing pressure there like Cali. Michigan was supposed to be huge for Stem. Did they get rid of all of their Ecommerce?
  • S
    Sumbo
    Awfully super quiet here. Seems like people have sold their shares and moved on to some other investment. I still have some faith in this company.

    The new CEO seems serious on improving the company’s core businesses. The medical dispensary in California has generated $5 a year but will at least double it after getting recreational license. Maybe triple the yearly revenues since they have put more focus on it. Hopefully other dispensaries each generates similar amount of revenues.
  • m
    marc
    Book value is $0.40. Very undervalued and a company with actual sales and impressive growth. Looking forward to next earnings report and company update.
  • R
    Ray the loan officer
    I couldn’t help myself, bought more at .53 since this discount won’t last too long. This is wounded down really tight. The spring upwards will be steep.
  • S
    Stevie E
    First time in company history, they have recorded a positive EPS on a quarterly report. I believe this is start of great things to come in the future