Stem Holdings, Inc.: Stem Holdings Announces Filing of Final Prospectus
Stem" or the "
Company") the first multi-state, integrated cultivation and omnichannel technology cannabis company, announced today that it has obtained a receipt for its final prospectus filed in each of the provinces of Canada, other than Québec (the "
Final Prospectus"), and has entered into an agency agreement for its previously announced marketed public offering (the "
Offering") of units of the Company (the "
Units"). Pursuant to the Offering, the Company will issue a minimum of 16,363,636 and a maximum of up to 17,272,728 Units at a price of $0.55 per Unit for minimum gross proceeds of $9,000,000 and maximum gross proceeds of up to $9,500,000, subject to the exercise of the Over-Allotment Option (as defined herein). The Company also announced that its registration statement on Form S-1, which was filed with the United States Securities and Exchange Commission in respect of the Offering, was declared effective on April 16, 2021.