Vertically integrated cannabis operator Stem Holdings, Inc. (OTCQX:STMH) (CSE:STEM) announced its financial results for the fiscal first quarter 2022 ended December 31, 2021.
“The recent business decisions we have made with Driven Deliveries and other non-core assets puts us on a path to positive working capital,” Steve Hubbard, interim CEO and CFO of Stem, commented. “We have decided to focus the majority of our resources on cultivation facilities in Oregon and retail stores in Oregon and California where, in particular, we have significant room for growth in the cultivation operations as we have recently been producing at less than 50% capacity.”
