Cannabis and hemp company Stem Holdings Inc. STMH STEM plans to commence 2021 with a collection of 12 innovative products.
These products will be available in all markets that Stem already covers, which will be further supported once its purchase of Driven Deliveries DRVD is finalized.
Boca Raton-based company has upgraded its operations with the addition of a modern extraction laboratory to its kitchen capabilities to enable complete integration in the manufacture of these “value-added, margin-accretive products.”
Innovative products include:
- Cannavore Cannabis Confections’ two flavors for its renowned caramels – Hazelnut and Irish Cream with full-spectrum bubble hash; Dose-ology Topicals’ first cannabis-infused topicals featuring lotion, facial serum, and massage oil; Dose-ology CBD Topicals with four new CBD-infused topical products.
- “This is just the beginning of a new queue of disruptive products unlike any other company’s,” stated Adam Berk, CEO of Stem. “Our vertical integration from seed to extraction to production of finished goods distinguishes us from other brands in the marketplace, particularly as we leverage the expertise of our experience grow and extraction teams, and our increasing ability to fill distribution white space along with the upcoming direct-to-consumer capability offered by Driven.”
“We will be closing on our acquisition of Driven this month and this will be a critical component of our go-to-market strategy, as will strategic collaborations to enthuse the market,” Berk concluded.
Related Links:
Take A Peek At Stem's New Rebelle Dispensary In Massachusetts
Stem Holdings Forms JV With Massachusetts Cannabis Company, Announces Expansion Plans
Courtesy image
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.