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Stem Holdings Inc. dba Driven By Stem

Stem Holdings leads the cannabis and hemp industries though innovation, brand loyalty, footprint expansion, and uncompromising quality, with operational excellence and execution.

Expert Comments:

The potential is "enormous" for Stem Holdings Inc. dba Driven By Stem's new app, Budee Cannabis Delivery, given it is available in the Apple App Store, a Noble Capital Markets report noted.
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Joseph Gomes, Noble Capital Markets

"Stem Holdings Inc. dba Driven by Stem's Budee e-commerce cannabis delivery platform and service has launched Budee Cannabis Delivery app, which is available for download in the Apple App Store. Customers of the Budee app can now seamlessly and confidentially purchase cannabis products through their mobile device in the California and Oregon markets served by Budee, with additional markets expected by year-end.

Joseph Gomes, Noble Capital Markets

"Stem Holdings Inc. dba Driven by Stem has received a nonstorefront license to open a distribution hub in Mendota, located in the county of Fresno, enabling it to provide better service to consumers with its Budee e-commerce platform in four key counties in Northern California. . .the expansion is expected to drive topline sales with greater efficiency, as the company anticipates savings of up to $1M in operating expenses, with significant savings in gross receipt taxes."

Joseph Gomes, Noble Capital Markets

"Stem Holdings Inc. dba Driven by Stem announced it has acquired Artifact Extracts, an Oregon-based premier cannabis extraction company known for its award-winning concentrates, as well as two dispensaries. . .the acquisition will enable the company to capture additional market share and expand its presence into the fast growing concentrates segment."

Joseph Gomes, Noble Capital Markets

"Stem Holdings Inc. dba Driven by Stem reported Q3 FY21 record gross sales of $12.4M and net sales of $10.6M, a 104% increase and 103% increase, respectively, over the prior year. . .gross margin was 14%. . .the company continued to build momentum during Q3 FY21."

As legalization takes hold across the U.S., opportunities for the next generation of cannabis companies expand. Adrian Morante of K2 & Associates finds “trustworthy, capable and reputable” companies with value.
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Jonathan DeCourcey, Viridian Capital Advisors

"Stem Holdings Inc. will be a beneficiary of strong wholesale sales trends both in terms of topline growth and margin expansion. It has an established wholesale position within a key market, Nevada. . .Nevada experienced far and away the strongest growth in May with a wholesale sales growth rate of 130% year over year."

Joseph Gomes, Noble Capital Markets

"Stem Holdings Inc. released Q2 FY21 results. . .gross revenue of $12.4M compared to $2.7M. Net revenue, after deducting for discounts and returns, was $10.5M versus $2.3M. Gross profit increased to $2.7M from $0.7M; adjusted EBITDA grew to $1.7M compared to ($5.8M) last year."

More Expert Comments

Experts Following This Company

Jonathan DeCourcey, Director, Equity Research – Stem Holdings Inc. dba Driven By Stem
Joseph Gomes, Senior Research Analyst – Noble Capital Markets

Company News

10/11/2021 – Budee(TM) Unveils New Shoppable Cannabis Delivery App for Apple

9/27/2021 – Driven By Stem Expands California E-Commerce and Delivery Footprint with New Distribution Hub License

9/20/2021 – Driven By Stem Announces the Acquisition of Artifact Extracts, Salem Delivery Capabilities, and Two Additional Dispensaries

8/16/2021 – CORRECTION - Stem Holdings, Inc. d/b/a Driven By Stem Announces Record Sales and Gross Margin for the Third Quarter

8/9/2021 – Stem Holdings d/b/a Driven By Stem Officially Launches its Budee(TM) E-Commerce and Delivery Platform in Oregon

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.