Stem Holdings Completes Warrant and Debenture Repricing

BOCA RATON, Fla., July 05, 2022 (GLOBE NEWSWIRE) -- Effective June 27, 2022, Stem Holdings, Inc. (OTCQX: STMH, CSE: STEM) (the “Company” or “Stem”), a leading vertically-integrated cannabis and hemp branded products company with state-of-the-art cultivation, processing, extraction, retail, and distribution operations, is pleased to announce that the Company has received the approval of the holders (the “Warrantholders”) of the Warrants (as defined herein) and the holders (the “Debentureholders”) of the Convertible Debentures (as defined herein) to reprice the convertible securities issued in connection with the Company’s special warrant financing, which matured on June 27, 2022 and will mature September 14, 2022. Share purchase warrants of the Company will be issued in connection with this repricing (the “Warrants”) at 167 common share warrants for each $1,000 Debenture Unit held priced at C$0.20 per Common Share (as defined herein) and the convertible debentures of the Company issued in connection with the financing (the “Convertible Debentures”) will be repriced to C$0.10 per Common Share (the “New Conversion Price”).