Stem Holdings Announces Delay in Annual Filings and Expected Cease Trade Order
BOCA RATON, Fla., Jan. 24, 2024 (GLOBE NEWSWIRE) — Stem Holdings, Inc. (OTCQB:STMH CSE: STEM) (the “Company” or “Stem“), a leading vertically-integrated cannabis and hemp company with state-of-the-art cultivation, processing, extraction, retail, and distribution operations, today announces that the filing of its audited annual financial statements, management’s discussion and analysis and related CEO and CFO certifications for the financial year ended September 30, 2023 (collectively, the “Annual Filings“), is expected to be delayed beyond the filing deadline of January 29, 2024. The delay in the completion of the Annual Filings is a result of unforeseen delays in the completion of the Company’s audit of the annual financial statements for the year ended September 30, 2023 (the “2023 Audit“). The 2023 Audit was more complex and time consuming than anticipated, due in part to corporate activity that took place during the fiscal year to reorganize the Company.
Related news for (STMH)
- Stem Holdings, Inc. Announces Clarification Regarding Effective Date of Reverse Share Split on the Canadian Securities Exchange
- Stem Holdings, Inc. Announces Effectiveness of Reverse Stock Split on February 1, 2024.
- Stem Holdings Announces Approval of Debenture Repricing
- Stem Holdings, Inc and Headwaters, LLC Sign Term Sheet for a Business Combination