BOCA RATON, Fla.–(BUSINESS WIRE)–Stem Holdings, Inc. (OTCQB:STMH)(CSE:STEM), a leading vertically-integrated cannabis and hemp company with state-of-the-art cultivation, processing, extraction, retail, and distribution operations, is pleased to announce that its Yerba Buena brand won first place for Best CBD flower at this inaugural competition on October 25-26. Yerba Buena’s Dr. Leveque cultivar was introduced earlier this year after months of genetic development.
“This acknowledgment of our CBD-dominant cultivar in a highly-respected cannabis competition is very important to Stem’s mission of creating world-class consumer products that promote well-being,” says Stem Chief Executive Officer, Adam Berk. “It is an honor to receive a first-place award from High Times® which conducts the world’s largest cannabis competitions, and this was its first one in Oregon High Times® has an important legacy of education, activism, and promotion of cannabis culture. The organization has been a leading expert in the industry since its founding in 1974 and we are very pleased to receive this prestigious recognition for our work on the Dr. Levesque cultivar,” he concluded.
Yerba Buena has also received past recognition for cultivating award-winning, CBD-specific strains. For three consecutive years since 2017, Yerba Buena won gold awards in the Supplemental Light Type 3 category (CBD dominant) at the Cultivation Classic, a science-focused cannabis, and CBD competition. Both of Yerba Buena’s Blue Dragon Desert Frost and Corazon cultivars have been recognized in this highly respected Oregon competition.
In addition, Yerba Buena has also been identified as one of the “50 Best Companies to Work for in Cannabis” by MG magazine, and one of the “Top 100 Cannabis Companies” by Entrepreneur Magazine. Yerba Buena also made the 2019 list of the “100 Best Companies to Work for in Oregon” and was listed in Oregon’s Top 10 Green Workplaces in 2017 and 2018 for its sustainability efforts.
More information on the Yerba Buena brand can be found at yerbabuena.com. To stay up to date on Stem’s efforts in Oregon and other states, please visit www.stemholdings.com.
About Stem Holdings, Inc.
Stem Holdings, Inc. (OTCQB:STMH)(CSE:STEM) is a leading cannabis and hemp company in the U.S. with proprietary capabilities in sustainable cultivation, processing, extraction, and R&D, as well as retail and distribution operations aligned with state-by-state regulations. Stem’s award-winning brands are the foundation of the Company’s expansion into current and new segments and markets, with exceptional and disruptive brands and products that benefit well-being. Stem’s expertise and scale will drive growth domestically and internationally, building value for shareholders.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the management of Stem with respect to future business activities. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” or similar expressions.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the management of Stem’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Stem believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in the public perception of cannabis; construction delays; decreases in the prevailing prices for cannabis and cannabis products in the markets that the Company operates in; adverse changes in applicable laws; adverse changes in the application or enforcement of current laws, including those related to taxation; the inability to locate and acquire suitable companies, properties and assets necessary to execute on the Company’s business plans; political risk; and increasing costs of compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of Stem and market conditions.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Stem has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Stem does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
No securities regulatory authority has in any way passed upon the merits of the proposed transactions described in this news release or has approved or disapproved of the contents of this news release.
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