Stem Holdings Announces Divestiture of E-Commerce and Delivery Operations and Management Changes

BOCA RATON, Fla., Dec. 17, 2021 (GLOBE NEWSWIRE) — Stem Holdings, Inc. (OTCQX: STMH) (CSE: STEM) (the “Company” or “Stem”), a vertically integrated cannabis operator, today announced the divestiture of its wholly owned subsidiary Driven Deliveries, Inc. (“Driven Deliveries”), its subsidiaries and its assets and liabilities to Driven Deliveries’ founders in return for 12.5 million shares of Stem. The Company has also announced the appointment of Steve Hubbard, co-founder and current CFO, as interim CEO, replacing Adam Berk who has resigned and will remain part of the team as an advisor during this transition. Read More