Stem Holdings, Inc. Announces Clarification Regarding

Date:

BOCA RATON, FL, Feb. 05, 2024 (GLOBE NEWSWIRE) — Stem Holdings, Inc. (the “Company” or “Stem”) (OTC Pink: STMH CSE: STEM), a vertically-integrated cannabis branded products and technology company, at the request of CIRO, announces today a clarification with respect to the effective date, for the purposes of the Canadian Securities Exchange (the “CSE”), of the reverse share split previously announced on February 1, 2024.

For the purposes of trading on the CSE, the Company is pleased to announce that the shares of common stock of the Company (the “Common Shares”) will commence trading, on a post-consolidated basis, at market open on February 6, 2024. Any trades of Common Shares on the CSE prior to February 6, 2024 will be reflected on a pre-consolidated basis.

There is no additional action required from investors with deposited common stock of the Company.

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