![]() This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the management of Stem with respect to the proposed amendments to the Warrants and Debentures and the holding of the Warrantholder Meeting and the Debentureholder Meeting. Stem's expertise and scale will drive growth domestically and internationally, building value for shareholders.ĬAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION Stem's award-winning brands are the foundation of the Company’s expansion into current and new segments and markets, with exceptional and disruptive brands and products that benefit well-being. with proprietary capabilities in sustainable cultivation, processing, extraction, and R&D, as well as retail and distribution operations aligned with state-by-state regulations. (OTCQX: STMH CSE: STEM) is a leading cannabis and hemp company in the U.S. Meeting materials for the Warrantholder Meeting and the Debentureholder Meeting will also be available on SEDAR concurrent with the mailing of meeting materials to registered Warrantholders and registered Debentureholders. The Company intends to deliver notice of the Warrantholder Meeting and the Debentureholder Meeting to registered Warrantholders and registered Debentureholders in due course. The repricing of the Warrants, the repricing of the Convertible Debentures and the Proposed Debenture Amendments are subject to approval by the Canadian Securities Exchange (the “ CSE”) and the approval of the holders of the Warrants (the “ Warrantholders”) and the holders of the Debentures (the “ Debentureholders”).ĭebentureholder and Warrantholder approval will be sought at a meeting of Warrantholders (the “ Warrantholder Meeting”) and a meeting of the Debentureholders (the “ Debentureholder Meeting”). ![]() The Warrants will also include an early acceleration feature in accordance with the policies of the CSE (as defined herein). The Company intends to reprice the share purchase warrants of the Company (the “ Warrants”) to C$1.50 per Common Share (as defined herein) and reprice the convertible debentures of the Company (the “ Convertible Debentures”) at C$1.15 per Common Share (the “ New Conversion Price”).Īdditionally, the Company intends to: (i) extend the maturity date of the Convertible Debentures to three years from the date of issuance and (ii) permit the Company to force the conversion of the principal amount of the then outstanding Convertible Debentures and any accrued and unpaid interest thereof at the New Conversion Price on not less than 30 days’ prior written notice if the closing trading price of the shares of common stock of Stem (the “ Common Shares”) exceeds C$1.90 for a period of 10 consecutive trading days on the CSE (collectively, the “ Proposed Debenture Amendments”). (OTCQX: STMH CSE: STEM) (the “ Company” or “ Stem”), a leading vertically-integrated cannabis and hemp company with state-of-the-art cultivation, processing, extraction, retail, and distribution operations, is pleased to announce the Company’s intent to reprice the outstanding underlying securities of the 4287 Special CD warrants of the company issued pursuant to the Company’s special warrant financing, which closed on Decemand March 14, 2019. BOCA RATON, Fla.-( BUSINESS WIRE)-Stem Holdings, Inc.
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