OTC-QX:STHZF

StateHouse Holdings Inc. Reports Third Quarter 2022 Financial Results

Retrieved on: 
Wednesday, November 23, 2022
Adjustment, Insurance, Nature, Indian stock exchange, CSE, Ecosystem, Depreciation, Cannabis, Statehouse, Person, Revenue stream, Internal Revenue Code, EBITDA, Multimedia, Sale, Total, Patient, Internal Revenue Code section 409A, COVID-19, SG, CPG, News, Aphria (company), Internal Revenue Service, RSU, Risk, YTD, Tax, LPF, Loudpvck, Growth, SAN, IRS, Canadian Securities Exchange, OTCQX, Conversation, Federation, Harborside, SEDAR, Public expenditure, Nabis, Renewable energy, Risk management, Retail, Security (finance), Health insurance, Sales, Drug, Bank, Audit, Bookkeeping

SAN DIEGO and TORONTO, Nov. 22, 2022 /PRNewswire/ - StateHouse Holdings Inc. ("StateHouse" or the "Company") (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, today announced its financial results for the three and nine months ended September 30, 2022 ("Q3 2022" and "YTD 2022", respectively), and provided additional business updates.

Key Points: 
  • SAN DIEGO and TORONTO, Nov. 22, 2022 /PRNewswire/ - StateHouse Holdings Inc. ("StateHouse" or the "Company") (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, today announced its financial results for the three and nine months ended September 30, 2022 ("Q3 2022" and "YTD 2022", respectively), and provided additional business updates.
  • With much of this important combination work complete, we are exiting 2022 as a leading, fully integrated California-focused cannabis company."
  • Officially changed the Company name to StateHouse Holdings Inc. and completed the reclassification of subordinate voting shares and multiple voting shares as Common Shares.
  • Additionally, SG&A expenses in the third quarter of 2022 were impacted by one-time charges of $1.9 million related to integration work and improvements in efficiency.

StateHouse Holdings Applauds Cannabis Reform Measures Announced by President Biden

Retrieved on: 
Friday, October 7, 2022
SAN, News, Insurance, Cannabis, Time, LSD, Removal of cannabis from Schedule I of the Controlled Substances Act, Risk, Sale, White House, Growth, Review, Statehouse, Human services, Heroin, Person, White, Multimedia, IRS, Company, Industry, Legislation, Controlled Substances Act, CSE, Harborside, Canadian Securities Exchange, OTCQX, Phrase, Federation, COVID-19, Substance-related disorder, Compliance, United States Department of Health and Human Services, Drug, Security (finance), Risk management

SAN DIEGO and TORONTO, Oct. 7, 2022 /PRNewswire/ - StateHouse Holdings Inc. ("StateHouse" or the "Company") (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, today applauded President Joe Biden for announcing substantial reforms to cannabis enforcement in the United States.

Key Points: 
  • SAN DIEGO and TORONTO, Oct. 7, 2022 /PRNewswire/ - StateHouse Holdings Inc. ("StateHouse" or the "Company") (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, today applauded President Joe Biden for announcing substantial reforms to cannabis enforcement in the United States.
  • On Thursday, the President announced a proposed blanket pardon for people convicted of federal marijuana possession offences, and asked state governors to do the same.
  • Secondly, we believe that re-scheduling, or outright de-scheduling, of cannabis would be a very positive catalyst for the legal industry(1)."
  • We congratulate President Biden on initiating this reform and believe that it could drive significant value for our investors."

StateHouse Holdings Announces New Distribution Partnership with Nabis

Retrieved on: 
Monday, October 3, 2022
Harborside, Statehouse, News, Phrase, Time, Cannabis, Legislation, Canadian Securities Exchange, IFRS, Compliance, CSE, Multimedia, Person, COVID-19, Partnership, Risk, EBITDA, Insurance, Federation, SAN, Sale, Conversation, OTCQX, Master limited partnership, Company, Drug, Security (finance), Risk management, Nabis

SAN DIEGO and TORONTO, Oct. 3, 2022 /PRNewswire/ - StateHouse Holdings Inc. ("StateHouse" or the "Company") (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, today announced that it has entered into a strategic partnership (the "Partnership") with Nabis, California's largest cannabis distributor, under which the Company is outsourcing all of its cannabis distribution.

Key Points: 
  • SAN DIEGO and TORONTO, Oct. 3, 2022 /PRNewswire/ - StateHouse Holdings Inc. ("StateHouse" or the "Company") (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, today announced that it has entered into a strategic partnership (the "Partnership") with Nabis, California's largest cannabis distributor, under which the Company is outsourcing all of its cannabis distribution.
  • Under the terms of the Partnership, Nabis has assumed all of StateHouse's distribution obligations effective today.
  • Given the scale of the Nabis platform, StateHouse expects the Partnership to expand the reach of its brands across the state(1).
  • "We are very pleased to enter this strategic partnership with Nabis, a strong and reliable distribution partner that has extensive reach across California," said Ed Schmults, Chief Executive Officer.