Record Revenue of $156 million, up from $53 million (+194%) in Q4 2021 and sequentially up 56% versus Q3 2022 revenue of $100 million Introducing full-year 2023 guidance and reaffirm plan to achieve positive adjusted EBITDA in 2H’2023Įxtending EV charging offering with ChargePoint partnershipįourth Quarter and Full Year 2022 Financial and Operating Highlightsįinancial Highlights – Fourth Quarter 2022 View source version on businesswire.Record full year 2022 revenue of $363 million, nearly triple full year 2021 revenue No securities regulatory authority has in any way passed upon the merits of the proposed transactions described in this news release or has approved or disapproved of the contents of this news release. Stem does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Stem believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information. Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the management of Stem’s expectations concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. 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. Debentureholder and Warrantholder approval will be sought at a meeting of Warrantholders (the “ Warrantholder Meeting”) and a meeting of the Debentureholders (the “ Debentureholder Meeting”).
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