Stem Holdings Sees Cannabis Earnings Rise, Aims For Positive Adjusted EBITDA in 2022

After the market closed on Thursday, Stem Holdings, Inc. (OTCQX: STMH) (CSE: STEM), a publicly-traded U.S. company, reported its financial results for the 2021 fiscal year ending in September with revenue totaling $41.8 million. This was an increase of 155% versus the 2020 fiscal year revenue of $16.4 million.

Highlights of 2021

Net revenue after discounts and returns totaled $35.8 million, an increase of 156% as compared to $14.0 million for the same period the year prior.
Impairment expenses totaled $52.5 million, “predominantly related to the intangible assets …

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