0001493152-19-000622.txt : 20190114 0001493152-19-000622.hdr.sgml : 20190114 20190114173148 ACCESSION NUMBER: 0001493152-19-000622 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 69 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20190114 DATE AS OF CHANGE: 20190114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Stem Holdings, Inc. CENTRAL INDEX KEY: 0001697834 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 611794883 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55751 FILM NUMBER: 19525731 BUSINESS ADDRESS: STREET 1: 7777 GLADES ROAD STREET 2: SUITE 203 CITY: BOCA RATON STATE: FL ZIP: 33434 BUSINESS PHONE: 561-948-5410 MAIL ADDRESS: STREET 1: 7777 GLADES ROAD STREET 2: SUITE 203 CITY: BOCA RATON STATE: FL ZIP: 33434 10-K 1 form10-k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended September 30, 2018

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________

Commission file number: 000-55751

STEM HOLDINGS, INC.

(Exact name of registrant as specified in charter)

Nevada		61-1794883
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

7777 Glades Road, Suite 203

Boca Raton, FL 33434

(Address of principal executive offices) (Zip Code)

Registrant’s telephone Number: (561) 948-5410

Securities registered pursuant to section 12(g) of the Act:

Common Stock par value $.001

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. [ ] Yes [X] No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. [X] Yes [ ] No

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [ ] No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer”, “non-accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer [ ]		Accelerated Filer [ ]

Non-accelerated Filer [ ] (Do not check if a smaller reporting company)		Smaller Reporting Company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [ ] Yes [X] No

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter. No market exists for the Company’s common stock

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date: 14,232,266 shares of common stock par value $0.001 as of January 7, 2019

DOCUMENTS INCORPORATED BY REFERENCE: NONE

TABLE OF CONTENTS

		Page
	PART I
Item 1.	Business	3
Item 1A	Risk Factors	9
Item 1B	Unresolved Staff Comments	10
Item 2.	Properties	10
Item 3.	Legal Proceedings	11
Item 4.	Mine Safety Disclosures	11

	PART II
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchase of Equity Securities	12
Item 6	Selected Financial Data	13
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operation	13
Item 7A	Quantitative and Qualitative Disclosures About Market Risk	24
Item 8.	Financial Statements and Supplementary Data	24
Item 9.	Changes In and Disagreements with Accountants on Accounting and Financial Disclosure	25
Item 9A.	Controls and Procedures	25
Item 9B.	Other Information	26

	PART III
Item 10.	Directors, Executive Officers, Promoters and Corporate Governance	27
Item 11.	Executive Compensation	30
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	32
Item 13.	Certain Relationships and Related Transactions, and Director Independence	33
Item 14.	Principal Accountant Fees and Services	33

	PART IV
Item 15.	Exhibits, Financial Statement Schedules	34

SIGNATURES		35

PART I

This Form 10-K contains some forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements involve risks and uncertainties. Forward-looking statements include statements regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategies, (c) anticipated trends in our industries, (d) our future financing plans and (e) our anticipated needs for working capital. They are generally identifiable by use of the words “may,” “will,” “should,” “anticipate,” “estimate,” “plans,” “potential,” “projects,” “continuing,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend” or the negative of these words or other variations on these words or comparable terminology. These statements may be found under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business,” as well as in this Form 10-K generally. In particular, these include statements relating to future actions, prospective products or product approvals, future performance or results of current and anticipated products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, and financial results.

Any or all of our forward-looking statements in this report may turn out to be inaccurate. They can be affected by inaccurate assumptions we might make or by known or unknown risks or uncertainties. Consequently, no forward-looking statement can be guaranteed. Actual future results may vary materially as a result of various factors, including, without limitation, the risks outlined under “Risk Factors” and matters described in this Form 10-K generally. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements.

The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to publicly update any forward-looking statements, whether as the result of new information, future events, or otherwise.

ITEM 1. DESCRIPTION OF BUSINESS.

Corporate Structure

Stem Holdings, Inc. was organized on June 7, 2016 as a Nevada corporation under Chapter 78 of the Nevada Revised Statutes. The Company’s principal office is located at 7777 Glades Road, Suite 203, Boca Raton, FL 33434. The Company has six subsidiaries, Stem Group Oklahoma, Inc., Opco LLC, Stem Holdings, Florida, Inc., Stem Holdings Oregon, Inc. and Stem Holdings, IP Inc. and Stem Agri, LLC

Overview of the Business

The Company was formed to purchase, lease and improve certain real estate properties (the “Properties”), initially in the State of Oregon, which are or will be utilized as either state-licensed cannabis selling retail establishments or state-licensed cannabis growing facilities. While the Company currently operates primarily as a real estate holding company, it intends in the future to engage in direct operations with respect to its properties and activities other than the leasing of properties, funding of capital improvements and administration of its leases and provision of financing to certain lessees.

The initial business of the Company was detailed in a multiparty agreement dated as of August 4, 2016, as revised on October 24, 2016 (“Multiparty Agreement”), by and among the Company and the following entities, which are affiliates of the founders of the Company: Oregon Acquisitions, JV LLC, Gated Oregon Holdings LLC, Kind Care Holdings, LLC, and Never Again Real Estate, LLC. The Multiparty Agreement detailed the following:

	●	the relationships between the various founders of the Company and their respective affiliated entities, as well as the initial share ownership in the Company;

	●	certain proposed real estate transactions to be undertaken by the Company together with the business terms and structures related to these transactions;

	●	the rental terms and lessees for the properties identified by the parties;

	●	the terms of a right of first refusal with respect to the acquisition of additional properties;

	●	certain terms related to additional investment in the Company by the founders and the terms and conditions thereof; and

	●	the terms and conditions of the potential acquisition of the operating companies and three other currently operating companies by the Company under specified circumstances.

The Multiparty Agreement contemplated that the initial Properties owned by the Company and identified in the Multiparty Agreement (and as further described below) would be leased by the Company to subsidiaries of OpCo Holdings, Inc. (“OpCo”). Opco is a company formed in 2016 by the Company’s founders and their affiliates for the purpose of operating multiple cannabis-related businesses initially in the State of Oregon, and the Company’s founders and their affiliated entities directly and indirectly collectively own approximately 24.06% of the outstanding stock of Opco.

The following is an overview of acquisitions completed by the Company:

In September 2016, the Company entered into a 10-year lease with respect to certain property located in Springfield, OR (the “42nd Street Property”) with the landlord that commenced in November 2016. The lease requires the Company to pay a base rental fee of $7,033 plus an additional estimated $315 per month in real estate taxes in which the base rental fee escalates each year by approximately 2%. All taxes (including reconciling real estate taxes), maintenance and utilities are included at the end of each year as a one-time payment. In addition, the Company also remitted $14,000 for a security deposit to the landlord. In July 2017, the Company entered into a lease agreement for the 42^nd Street Property. The lease agreement is for a term of ten years and a monthly rent obligation of $64,640, subject to annual increases of 3% per year plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. Rent payments have not yet commenced. The Company has treated tenancy for the period prior to rent commencement as a free rental period for accounting purposes.

On November 1, 2016, the Company acquired certain property located in Eugene, OR (the “Willamette Property”) for a total cash purchase price plus closing costs of approximately $918,000. In July 2017, the Company entered into an operating lease agreement with a marijuana dispensary to move into the Willamette Property. The lease agreement is for a base term of ten years (see note below) and a monthly rent obligation of $13,800, subject to annual increases of 3% per year, plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. The Company provided the tenant with one month of free rent. Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for one five-year term, on the same terms as provided in the lease agreement. On February 28, 2018, the Company executed a $550,000 mortgage payable on the Willamette property to acquire additional funds. The mortgage bears interest at 15% per annum. Monthly interest only payments began March 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on March 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. For the nine months ended June 30, 2018, interest expense related to this mortgage amounted to $27,500. The note has been cross guaranteed by the CEO and Director of the Company.

On February 6, 2017, the Company acquired certain real property located at 7827 SE Powell Blvd, Portland, OR 97206 (the “Powell Property”) for a total purchase price plus closing costs of approximately $656,498. In July 2017, the Company entered into a lease agreement for the Powell Property. The lease agreement is for a term of ten years and a monthly rent obligation of $6,523, subject to annual increases of 3% per year. Maintenance and real property taxes shall be paid by the Tenant and insurance paid by the Company. Additional rents will be added to pay landlord back for tenant improvements by the end of the first term of the lease, payments will include annual interest at 12% compounded monthly. Rent payments have not yet commenced. The Company has treated tenancy for the period prior to rent commencement as a free rental period for accounting purposes. Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement. On April 4, 2018, the Company executed a $314,000 mortgage payable on the Powell property to acquire additional funds. The mortgage bears interest at 15% per annum. Monthly interest only payments began May 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on April 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. The note has been cross guaranteed by the CEO and Director of the Company.

On January 2018 the Company consummated a “Contract for Sale” for a Farm Property in Mulino OR (the “Mulino Property”). The purchase price was $1,700,000 which was reduced by a rental credit of approximately $135,000 which is equivalent to nine months’ rent at $15,000 a month and an additional credit of $9,500 for additional work done on the property. In connection with the purchase of the property, the Company made a cash payment as down payment plus payment of closing costs in the amount of $370,637 and issued a promissory note in the amount of $1,200,000 with a maturity of January 2020. The Company will pay monthly installments of principal and interest (at a rate of 2% per annum) in the amount of $13,500, commencing in July 2018 through the maturity date (January 2020), at which time the entire unpaid principal balance and any remaining accrued interest shall be due and payable in full. The note is secured by a deed of trust on the property.

The Company has committed to improve the aforementioned properties which are leased to third parties. These commitments will require an additional cash outlay in the amount of approximately $300,000.

Investments in Subsidiaries. In April 2018, the Company received a 37.5% interest in NVD RE Corp. (“NVD”) upon its issuance to NVD of a commitment to contribute $1.275 million to NVD. As of September 30, 2018, the Company had fully funded its commitment and has recorded the amount as its investment in equity method investee on the Company’s balance sheet. NVD used the funds provided to date by the Company to acquire an under- construction cannabis indoor grow building and to continue the buildout of the property. The Company has no further commitment to fund the entity beyond its initial equity purchase commitment. NVD intends to lease the property upon its buildout completion to an entity that the Company expects to acquire sometime in Fiscal 2019 within its newly formed Opco, LLC subsidiary. Should the Company complete that acquisition it will no longer hold 100% of the membership interests in Opco, LLC, however, the NVD tenant is in the process of transferring 50% of its cannabis cultivation and processing license to Opco, LLC which would then be wholly owned by Stem. For the period from acquisition through September 30, 2018, NVD had only minimal operations, which were not apportioned to these financials statements as of September 30, 2018 due to immateriality.

Potential Acquisitions

In July 2018, the Company entered into a Membership Interest Purchase Agreement (“MIPA1”) to acquire 50% of the membership interests in an entity that is currently dormant, but was previously issued certain citrus licenses in the state of Florida that allow the entity to apply for licenses to produce and sell cannabis for medical purposes in the state of Florida in exchange for $500,000 in cash paid at closing of signing the MIPA1 plus a promissory note in the amount of $1 million, payable upon the entity obtaining the necessary licenses to conduct cannabis operations in the state of Florida. In the event that the licenses are not granted, the transaction unwinds in full, with return of the funds advanced, cancellation of the promissory note and return of the membership interest. As of September 30, 2018 and the date of filing of this Form 10-K, the licenses had not yet been granted to the entity. Because closing is outside the control of both the Company as buyer and the seller of the interests, this investment was designated in our financial statements as “Due from affiliate” as of September 30, 2018.

In September 2018, the Company entered into Membership Interest Purchase Agreement (“MIPA2”) to acquire 50% of the membership interests in an entity that intends to engage in the production and sale of cannabis in the state of Nevada for $750,000. The signing of the membership interest required the Company to deposit $375,000 into an escrow account held by an attorney and in addition, upon the entity being transferred the appropriate licenses by the state and local authorities, the Company must fund the remaining amounts. Under the MIPA2, closing does not occur in full until the licenses are issued by the state and local authorities. In the event that the licenses are not tranferred, the transaction unwinds in full, with return of the funds advanced and return of the membership interest. As of September 30, 2018 and the date of filing of this Form 10-K, the licenses had not yet been transferred to the entity. Because closing is outside the control of both the Company as buyer and the seller of the interests, this investment was designated in our financial statements as “Due from affiliate” as of September 30, 2018.

In 2018, the Company began negotiations toward closing on an Asset Purchase Agreement (“APA”) to acquire the assets and certain liabilities of an entity that engages in the production and sale of cannabis in the state of Oregon. The APA currently requires the Company to acquire those assets and assume those liabilities and remit payment of $350,000 in cash, a promissory note in the amount of $400,000 and 1,931,506 shares of stock of the Company, which were issued in October 2018 and are held by an attorney in escrow prior to closing. Closing of the agreement is dependent upon finalizing negotiations on the APA and obtaining the transfer of licenses required in order for the Company to take control of the entity under the laws of the state of Oregon. Unwinding of the agreement, including cancellation of shares issued, will occur if the APA is not successfully closed.

Significant Events and Milestones Under Multiparty Agreement

Per the terms of the Multiparty Agreement, once the Company has invested an aggregate of $10 million in real estate properties (“Milestone 1”), the Company will be obligated to purchase two additional specified properties from parties to the Multiparty Agreement for aggregate consideration of $1,000,000 within ninety (90) days of achieving Milestone 1. This milestone was met in the fiscal year ended September 30, 2017.

A right of first refusal granted to the Company to acquire each new parcel of real property identified by various parties to the Multiparty Agreement as suitable for production or retail of cannabis in the State of Oregon. This right of first refusal shall remain in effect so long as the Company has invested at least an aggregate of $8 million in real properties by January 30, 2019 and has invested at least an aggregate of $13 million in real properties by January 30, 2020. Upon reaching Milestone 3, the Company becomes obligated to purchase another property and issue stock to the seller in the amount of 20% of the purchase price plus buildout funded by the seller. Subsequent to September 30, 2018, the Company determined that Milestone 2 and Milestone 3 had been met.

In November 2018, the Company issued 457,191 shares of its common stock in satisfaction of the commitment noted above and is currently in negotiations with the seller of the property to fund the acquisition of the property in a combination of cash and notes, in the amount of approximately $4.395 million.

Notwithstanding the foregoing, the achievement of the aforementioned milestones with respect to the continuation of the right of first refusal will be excused if aggregate rental income from all Company-owned properties does not meet the following criteria:

(i) First Quarter Achievement Threshold (“FQAT”)

	●	$1.2 million (annualized) during any calendar quarter, commencing on or after October 1, 2017;
	●	Right of first refusal may be terminated within 12 months following the last day of the quarter in which the FQAT is met;
	●	Stem may revive the right of first refusal by investing an additional $5 million into additional real properties by the last day of the 12-month period.

(ii) Second Quarter Achievement Threshold (“SQAT”)

	●	$3.2 million (annualized) during any calendar quarter, commencing on or after January 1, 2019;
	●	Right of first refusal may be terminated within 12 months following the last day of the quarter in which the SQAT is met; and
	●	Stem may revive the right of first refusal by investing an aggregate of $8 million into additional real properties by the last day of the 12-month period.

(iii) Third Quarter Achievement Threshold (“TQAT”)

	●	$5 million (annualized) during any calendar quarter, commencing on or after June 1, 2019;
	●	Right of first refusal may be terminated within 12 months following the last day of the quarter in which the TQAT is met; and
	●	Stem may revive the right of first refusal by investing an aggregate of $13 million into additional real properties by the last day of the 12-month period.

Under the Multi-party Agreement, it was initially assumed that each of the properties owned or leased by the Company would be leased to subsidiaries of Opco Holdings. The Company was not initially directly involved in the operation of these properties or in the growing or sale of cannabis.

Each of the subsidiaries of Opco Holdings is obligated to purchase Preferred Shares under certain specified terms and conditions:

Obligation to Purchase Preferred Shares

After the Company invests an aggregate of $13 million in real properties, but before the Company is legally able to engage in the operating of the properties, all subsidiaries of Opco Holdings are required by the Multiparty Agreement to allocate an amount equal to at least 50% of its post-tax, net operating income to purchase Preferred Shares on the following terms:

(a)	Redeemable 20 years after issuance;
(b)	Annual dividend of 3%;
(c)	Convertible into Common Shares at the higher of:
	(i)	$10 per Common Share (adjusted for share exchange, reclassification, combination, dividend, split, or similar event); or
	(ii)	Average closing price of Common Shares for the 20 trading days prior to conversion date; and
(d)	Such other preferences, rights, privileges, and limitations upon which the parties may mutually agree.

As of the date of this filing, the Company has determined that this provision is currently not operative, as certain of the Opco entities have only recently received their licenses to become operational.

Company purchase of Opco businesses

As long as the Company has fully satisfied all of its obligations and milestones pursuant to the Multiparty Agreement, the Company will have the obligation to acquire the business operations of Opco Holdings and its subsidiaries, and Oregon Acquisitions, Gated Oregon and Kind Care shall each have the obligation to sell such operations, within a reasonable time after the Company receives a legal opinion that the operation of the Opco marijuana businesses in the State of Oregon by Stem will not violate any federal or state laws. However, the Company has no reason to believe that a change in federal law is forthcoming or likely either in the near term or long term, and accordingly there is no assurance that such a purchase will occur.

The Company is currently in negotiations to amend the multi-party agreement to remove the requirement for the US Government to remove cannabis from Schedule I of the Controlled Substances Act of 1970 and to accelerate the merger of the Opco entities into the Company. This will only take place if the existing Opco’s remain state compliant.

Principal Products and Markets

The Company’s principal operations have historically related to the leasing of properties, funding of capital, tenant improvements and administration of its leases and provision of financing to certain lessees, engaged in the production and sale of cannabis. While the Company currently operates primarily as a real estate holding company, it intends in the future to engage in direct operations, primarily the production and sale of cannabis in states where it is legal to do so, with respect to its properties and activities other than the leasing of properties, funding of capital improvements and administration of its leases and provision of financing to certain lessees. Historically, the Company’s principal market has been in the State of Oregon, but it is now engaged in expansion into other markets where sale of marijuana is legal, including Nevada and Oklahoma.

Production and Sales

The Company’s business requires that it possess or be in a position to access specialized knowledge and expertise regarding the state-licensed cannabis industry and those persons and entities who are involved in the industry. The Company believes that its management has such specialized expertise and experience, and the Company retains legal counsel that has recognized expertise in the industry. The Company does not believe that any aspect of its business is either: (i) cyclical or seasonal; or (ii) dependent on any particular franchise or license or other agreement to use a patent, formula, trade secret, process or trade name. The Company has not identified any specific environmental protection issues which will affect its business. The Company does not own identifiable intangible properties.

The Company is largely dependent on the financial solvency of its lessees and revenues could be adversely affected in a material way should any lessee not be able to maintain lease payments on a regular or consistent manner. Notwithstanding the foregoing, the Company believes that no property is so identified with a particular tenant that the Company could not identify and obtain a successor lessee in the event of any default by a tenant in the payment of rent. Given that the Company has not achieved a critical mass of properties, the default by any single tenant will have a material impact on the Company’s finances for an indeterminate period of time.

The Company does not believe that its operations are dependent on any factors within the general economy. However, any material changes in either U.S. federal law enforcement priorities or the law of the State of Oregon, Nevada and Oklahoma or other states where the Company operates affecting the cultivation and sale of cannabis could have a material impact on the Company’s business, particularly since the growth, marketing, sale, and use of marijuana is illegal under federal law.

Company Funding

Private Placement Transactions

The Company has sold shares of its common stock in private placement transactions under the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Regulation D promulgated thereunder and certain exemptions of the laws of the jurisdictions where any offering is made. In the fiscal years ended September 30, 2018 and 2017, the Company raised gross proceeds of approximately $6,560,000 and $4,529,000, respectively.

The securities issued in the above-mentioned transactions were issued in connection with private placements exempt from the registration requirements of Section 5 of the Securities Act of 1933, as amended, pursuant to the terms of Section 4(2) of that Act and Rule 506 of Regulation D. Investors who acquired shares of our common stock in the foregoing private placement transactions were all accredited investors and were required to complete, execute and deliver a subscription agreement and related documentation, which included customary representations and warranties, certain covenants and restrictions and indemnification provisions.

Patch Transaction

In November 2016, the Company entered into an Arrangement Agreement (the “Arrangement Agreement”) with Patch International Inc. (“Patch”), a company incorporated in the Province of Alberta, Canada, whereby the Company agreed to acquire all of the issued and outstanding shares of Patch by way of a plan of arrangement under Section 193 of the ABCA (the “Arrangement”). In order to close the transaction, Patch was required to submit the Arrangement for approval to the Alberta Court of Queen’s Bench (the final order was granted on January 20, 2017), hold a general meeting of its shareholders and have the shareholders vote to approve the arrangement (which took place on January 19, 2017), and certain other customary requirements. As of the time of the Arrangement Agreement, Patch did not have any operations and was considered a dormant entity.

On January 20, 2017, the Company completed the Arrangement and issued 1,048,782 Common Shares to the former shareholders of Patch. The aggregate cash held by Patch at the closing was approximately $2,400,000, after accounting for buyout payments made to Patch shareholders who declined to participate in the transaction.

Convertible Promissory Notes and Mortgages

In the fiscal year ended September 30, 2018, the Company entered into mortgages on two existing properties. The mortgages have a principal amount of $864,000 with maturity dates ranging between March and April 2020. The net proceeds received by these mortgages by the Company was approximately $739,000.

In the fiscal year ended September 30, 2018, the Company entered into convertible promissory notes with accredited investors and received gross proceeds of $2,325,000. The Convertible notes mature between March and June 2019, but were fully converted in October and November 2018.

Short Term Financing

In the fiscal year ended September 30, 2018, the Company entered into two separate promissory notes each for $100,000 with maturity dates in March 2018. One of the notes was repaid in full at maturity, the other note had its maturity date extended to March 2019, its interest rate reduced and had added a conversion feature.

In September 2018, in the course of one of the convertible note offerings detailed above, the Company received an advance of $168,000 in contemplation of an investment into the offering. Notwithstanding, as of September 30, 2018 and the date of this report, the parties have been unable to come to an agreement on the terms of the investment. The amount tendered has therefore been treated as an undocumented, non-interest bearing advance to the Company.

CD Special Warrant Offering

On December 27, 2018, the Company entered into an Agency Agreement with respect to a private offering of up to 10,000 special warrants of the Company (the “CD Special Warrants”) for aggregate gross proceeds of up to $10,000,000 (in Canadian funds, denoted herein as “C”) (the “Offering”). In addition, on December 27, 2018, the Company closed the first tranche of the Offering consisting of 3,121 CD Special Warrants at a price of C$1,000 per CD Special Warrant for aggregate gross proceeds of C$3,121,000.

Each CD Special Warrant will be exchanged (with no further action on the part of the holder thereof and for no further consideration) for one convertible debenture unit of the Company (a “Convertible Debenture Unit”), on the earlier of: (i) the third business day after the date on which both (A) a receipt (the “Receipt”) for a (final) prospectus (the “Qualification Prospectus”) qualifying the distribution of the Convertible Debentures (as defined below) and Warrants (as defined below) issuable upon exercise of the CD Special Warrants has been issued by the applicable securities regulatory authorities in the Canadian jurisdictions in which purchasers of the CD Special Warrants are resident (the “Canadian Jurisdictions”), and (B) a registration statement (the “Registration Statement”) registering the resale of the common shares underlying the Convertible Debentures and Warrants has been declared effective by the U.S. Securities and Exchange Commission (the “Registration”); and (ii) the date that is six months following the closing of the Offering. The Company has also provided certain registration rights to purchasers of the CD Special Warrants.

Each Convertible Debenture Unit is comprised of C$1,000 principal amount 8.0% senior unsecured convertible debenture (each, a “Convertible Debenture”) of the Company and 167 common share purchase warrants of the Company (each, a “Warrant”). Each Warrant entitles the holder to purchase one common share of the Company (each, a “Warrant Share”) at an exercise price of C$3.90 per Warrant Share for a period of 24 months following the closing of the Offering.

The Company has agreed to use its best efforts to obtain the Receipt and Registration within six months following the closing of the Offering. In the event that the Receipt and Registration have not been obtained on or before 5:00 p.m. (PST) on the date that is 120 days following the closing of the Offering, each unexercised CD Special Warrant will thereafter entitle the holder thereof to receive, upon the exercise thereof and at no additional cost, 1.05 Convertible Debenture Units per CD Special Warrant (instead of 1.0 Convertible Debenture Unit per CD Special Warrant). Until the Receipt and Registration have been obtained, securities issued in connection with the Offering (including any underlying securities issued upon conversion or exercise thereof) will be subject to a 6-month hold period from the date of issue.

The brokered portion of the Offering (C$2,247,000) was completed by a syndicate of agents (collectively, the “Agents”). The Company paid the Agents a cash commission equal to 7.0% of the gross proceeds raised in the first tranche of the brokered portion of the Offering. As additional consideration, the Company issued the Agents such number of non-transferable broker convertible debenture special warrants (the “Broker CD Special Warrants”) as is equal to 7.0% of the number of CD Special Warrants sold under the first tranche of the brokered portion of the Offering. Each Broker CD Special Warrant shall be exchanged, on the same terms as the CD Special Warrants, into broker warrants of the Company (the “Broker Warrants”). Each Broker Warrant entitles the holder to acquire one Convertible Debenture Unit at an exercise price of C$1,000, until the date that is 24 months from the closing date of the Offering. The distribution of the Broker Warrants issuable upon the exchange of the Broker CD Special Warrants shall also be qualified under the Qualification Prospectus and the resale of the common shares underlying the Broker Warrants will be registered under the Registration Statement. The Company also paid the lead agent a corporate finance fee equal to C$100,000, payable as to C$50,000 in cash and as to $50,000 in common shares of the Company at a price per share of C$3.00.

The net proceeds of the Offering will be used to for expansion initiatives and general corporate purposes.

The issuance of the securities was made in reliance on the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), for the offer and sale of securities not involving a public offering, Regulation D promulgated under the Securities Act, Regulation S, in Canada to “accredited investors” within the meaning of National Instrument 45-106 and other exempt purchasers in each province of Canada, except Quebec, and/or outside Canada and the United States on a basis which does not require the qualification or registration. The securities being offered have not been, nor will they be, registered under the Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This Form 8-K will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Employees

As of September 30, 2018, the Company had ten (10) employees, some of whom devote their full time to the Company’s operations. The Company intends to increase staff as warranted by its operations and market conditions. Three employees have an employment agreement. No employee is covered by a collective bargaining agreement.

Website.

The Company operates a website at www.stemholdings.com

ITEM 1A. RISK FACTORS

Smaller reporting companies are not required to provide the information required by this item.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None

ITEM 2. PROPERTIES

In March 2018, the Company entered into a 3-year lease for the occupancy of the Company’s corporate office located in Boca Raton, Florida. The lease requires the Company to pay a base rental fee of $3,024 per month. All taxes, maintenance and utilities are billed separately. In addition, the Company also remitted $6,048 or a security deposit to the landlord. The landlord provided the Company with 2 free months.

In September 2016, the Company entered into a 10-year lease with respect to certain property located in Springfield, OR (the “42nd Street Property”) with the landlord that commenced in November 2016. The lease requires the Company to pay a base rental fee of $7,033 plus an additional estimated $315 per month in real estate taxes in which the base rental fee escalates each year by approximately 2%. All taxes (including reconciling real estate taxes), maintenance and utilities are included at the end of each year as a one-time payment. In addition, the Company also remitted $14,000 for a security deposit to the landlord. In July 2017, the Company entered into a lease agreement to lease the property to a related entity. The lease agreement is for a term of ten years, after completion of the buildout by the Company of the property, and a monthly rent obligation of $64,640, subject to annual increases of 3% per year plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. Rent payments have not yet commenced. The Company has treated tenancy for the period prior to rent commencement as a free rental period for accounting purposes.

On November 1, 2016, the Company acquired certain property located in Eugene, OR (the “Willamette Property”) for a total cash purchase price plus closing costs of approximately $918,000. In July 2017, the Company entered into an operating lease agreement with a marijuana dispensary, which is a related party to the Company, to move into the Willamette Property. The lease agreement is for a base term of ten years (see note below) and a monthly rent obligation of $13,800, subject to annual increases of 3% per year, plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. The Company provided the tenant with one month of free rent. Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for one five-year term, on the same terms as provided in the lease agreement. On February 28, 2018, the Company executed a $550,000 mortgage payable on the Willamette property to acquire additional funds. The mortgage bears interest at 15% per annum. Monthly interest only payments began March 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on March 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. For the nine months ended June 30, 2018, interest expense related to this mortgage amounted to $27,500. The note has been cross guaranteed by the CEO and Director of the Company.

On February 6, 2017, the Company acquired certain real property located at 7827 SE Powell Blvd, Portland, OR 97206 (the “Powell Property”) for a total purchase price plus closing costs of approximately $656,498. In July 2017, the Company entered into a lease agreement for the Powell Property, with a related party as tenant. The lease agreement is for a term of ten years and a monthly rent obligation of $6,523, subject to annual increases of 3% per year. Maintenance and real property taxes shall be paid by the Tenant and insurance paid by the Company. Additional rents will be added to pay landlord back for tenant improvements by the end of the first term of the lease, payments will include annual interest at 12% compounded monthly. Rent payments have not yet commenced. The Company has treated tenancy for the period prior to rent commencement as a free rental period for accounting purposes. Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement. On April 4, 2018, the Company executed a $314,000 mortgage payable on the Powell property to acquire additional funds. The mortgage bears interest at 15% per annum. Monthly interest only payments began May 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on April 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. The note has been cross guaranteed by the CEO and Director of the Company.

In January 2018 the Company consummated a “Contract for Sale” for a Farm Property in Mulino OR (the “Mulino Property”). The purchase price was $1,700,000 which was reduced by a rental credit of approximately $135,000 which is equivalent to nine months’ rent at $15,000 a month and an additional credit of $9,500 for additional work done on the property. In connection with the purchase of the property, the Company made a cash payment as down payment plus payment of closing costs in the amount of $370,637 and issued a promissory note in the amount of $1,200,000 with a maturity of January 2020. The Company will pay monthly installments of principal and interest (at a rate of 2% per annum) in the amount of $13,500, commencing in July 2018 through the maturity date (January 2020), at which time the entire unpaid principal balance and any remaining accrued interest shall be due and payable in full. The note is secured by a deed of trust on the property. In July 2017, the Company entered into a lease agreement for the Powell Property, with a related party as tenant. The lease agreement is for a term of ten years and a monthly rent obligation of $18,750, subject to annual increases of 3% per year. Maintenance and real property taxes shall be paid by the Tenant and insurance paid by the Company. Additional rents will be added to pay landlord back for tenant improvements by the end of the first term of the lease, payments will include annual interest at 12% compounded monthly. Rent payments have not yet commenced. The Company has treated tenancy for the period prior to rent commencement as a free rental period for accounting purposes. Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.

The Company has committed to improve the aforementioned properties which are leased to third parties. These commitments will require an additional cash outlay in the amount of approximately $200,000 subsequent to September 30, 2018.

ITEM 3. LEGAL PROCEEDINGS

We are subject from time to time to litigation, claims and suits arising in the ordinary course of business. As of the date of this Annual Report, we were not a party to any material litigation, claim or suit whose outcome could have a material effect on our financial statements.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

MARKET INFORMATION

The Company’s common stock commenced trading on the OTCQB on May 23, 2018 under the symbol “STMH” and the Canadian Securities Exchange (CSE) on July 13, 2018 under the symbol “STEM”.

The following table shows the high and low prices of our common shares on the OTCQB for each quarter for quarter from May 23, 2018 through September 30, 2018. The following quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions:

Period	High		Low
May 23, 2018-June 30, 2018	$	7.75	$	5.00
July 1, 2018-September 30, 2018	$	5.55	$	1.70

The market price of our common stock, like that of other early stage medical device companies, is highly volatile and is subject to fluctuations in response to variations in operating results, announcements of technological innovations or new products, or other events or factors. Our stock price may also be affected by broader market trends unrelated to our performance.

Holders

As of January 7, 2019 there were 14,232,266 shares of common stock outstanding and approximately 225 shareholders of record.

Transfer Agent and Registrar

Our transfer agent is Corporate Stock Transfer, 3200 Cherry Creek Dr. South Suite 430 Denver, CO 80209; telephone (303) 282-4800.

Dividend Policy

We have never paid any cash dividends on our Common Stock and do not anticipate paying any cash dividends on our Common Stock in the foreseeable future. We intend to retain future earnings to fund ongoing operations and future capital requirements of our business. Any future determination to pay cash dividends will be at the discretion of the Board of Directors and will be dependent upon our financial condition, results of operations, capital requirements and such other factors as the Board of Directors deems relevant.

RECENT SALES OF UNREGISTERED SECURITIES

Below is a list of securities sold by us from October 1, 2017 through January 7, 2019 which were not registered under the Securities Act

	●	From October 1, 2017 through January 7, 2019, the Company sold 2,688,834 shares of its common stock and received gross proceeds of $6,560,930 (which includes receipt of $100,000 from a subscription receivable from the prior year).

	●	During the twelve months ended September 30, 2018, the Company began the process of registering shares of common stock for trading under the securities laws of Canada. As part of that process, certain founders were notified that they had to contribute additional amounts for their shares. In the twelve months ended September 30, 2018, two founders contributed an additional $9,933 towards their founders shares as part of the requirements of the securities regulators of Canada.

	●	In the year ended September 30, 2018, the Company issued convertible promissory notes in the aggregate principal amount of $2,475,000 to accredited investors, with maturity dates ranging between March and June 2019. The convertible promissory notes allowed the holders to convert the principal and accrued and unpaid interest into shares of the Company’s common stock at the rate of $2.50 per share. In addition, in March 2018, the Company entered into an amendment to a promissory note originally issued in December 2017 which extended the maturity date of the note and added a conversion feature that allowed the holder to convert the note principal and unpaid and accrued interest into shares of the Company’s common stock at $2.40 per share. As part of these offerings, the Company also issued warrants to acquire 118,333 shares of the Company’s common stock at an exercise price ranging between $2.40 and $2.50 per share. Subsequent to September 30, 2018, the Company issued an inducement offer to the holders of its convertible notes that allowed them to convert at $1.80 per share. All holders accepted this offer and agreed to convert their shares. As of January 7, 2019, the Company had issued 1,152,568 shares of its common stock in satisfaction of the notes.

	●	In December 2017, the Company issued a promissory note in the aggregate principal amount of $100,000 with a maturity date of March 2018. Attached to the note, the Company issued warrants to acquire 20,833 shares of its common stock at an exercise price of $2.40 per share.

Share Issuances to Consultants

In the year ended September 30, 2018, the Company issued 1,055,416 shares of its common stock to consultants, employees and directors as compensation for services. From the period from October 1, 2018 through January 7, 2019 the Company issued an additional 425,000 shares to consultants. In the year ended September 30, 2018, the Company issued warrants to acquire 20,000 shares of its common stock to a consultant with an exercise price of $2.40 per share for services. In the year ended September 30, 2018, the Company issued options to acquire 2,105,000 shares of its common stock with exercise prices ranging from $2.23 to $4 per share to consultants, employees and directors for services. In the year ended September 30, 2018, options to acquire 160,000 share of stock were exercised on a cashless basis and the Company issued 65,558 shares of its common stock in satisfaction of the cash exercises.

CD Special Warrants Offering

On December 27, 2018, the Company closed the first tranche of the Offering consisting of 3,121 CD Special Warrants at a price of C$1,000 per CD Special Warrant for aggregate gross proceeds of C$3,121,000 (see CD Special Warrant Offering, above).

ITEM 6. SELECTED FINANCIAL DATA

Pursuant to permissive authority under Regulation S-K, Rule 301, we have omitted Selected Financial Data.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Cautionary Note Regarding Forward-Looking Information and Factors That May Affect Future Results

This annual report on Form 10-K contains forward-looking statements regarding our business, financial condition, results of operations and prospects. The Securities and Exchange Commission (the “SEC”) encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions. This annual report on Form 10-K and other written and oral statements that we make from time to time contain such forward-looking statements that set out anticipated results based on management’s plans and assumptions regarding future events or performance. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance or results of current and anticipated sales efforts, expenses, the outcome of contingencies, such as legal proceedings, and financial results. Factors that could cause our actual results of operations and financial condition to differ materially are set forth in the “Risk Factors” section of this annual report on Form 10-K.

We caution that these factors could cause our actual results of operations and financial condition to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

The following discussion should be read in conjunction with our audited financial statements and the related notes that appear elsewhere in this annual report on Form 10-K.

OVERVIEW

Stem Holdings, Inc. (the “Company”) is a Nevada corporation incorporated on June 7, 2016. The Company purchases, improves, and leases properties for use in the cannabis production, distribution and sales industry as well as a cultivator providing cannabis and cannabis-infused products licensed under the laws of the states of Oregon, Nevada, Oklahoma, with six current licenses for cultivation, three for production, five for processing, one for wholesale and ten dispensary licenses. In addition, the Company also procured a hemp license under the laws of Oregon. As of September 30, 2018, the Company has acquired 3 commercial properties and leased a fourth property and has entered into leases to related entities for these four properties (see Note 7). Fiscal year 2018 saw the near completion of buildout of these properties.

The Company, through its operating subsidiaries (see below), is currently in the process of finalizing the investment in and acquisition of entities that engage directly in the production and sale of cannabis, moving from a real estate focused entity with a cannabis niche to a cannabis focused entity (see Notes X,Y & Z).

As of September 30, 2018, the Company has incorporated 6 new subsidiaries –Stem Group Oklahoma, Inc., Stem Holdings Florida, Inc. Stem Holdings Oregon, Inc., Stem Holdings IP, Inc., Opco, LLC., and Stem Agri, LLC.

The Company’s stock is publicly traded and is listed on the Canadian Securities Exchange under the symbol “STEM” and the OTCQB exchange under the symbol “STMH”.

Going Concern

These audited financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. While the recreational use of cannabis is legal under the laws of certain States, where the Company is currently finalizing the acquisition of entities or investment in entities that directly produce or sell cannabis, the use and possession of cannabis is illegal under United States Federal law for any purpose, by way of Title II of the Comprehensive Drug Abuse Prevention and Control Act of 1970, otherwise known as the Controlled Substances Act of 1970 (the “ACT”). Cannabis is currently included under Schedule 1 of the Act, making it illegal to cultivate, sell or otherwise possess in the United States.

On January 4, 2018 the office of the Attorney General published a memo regarding cannabis enforcement that rescinds directives promulgated under former President Obama that eased federal enforcement. In a January 8, 2018 memo, Jefferson B. Sessions, then Attorney General of the United States, indicated enforcement decisions will be left up to the U.S. Attorney’s in their respective states clearly indicating that the burden is with “federal prosecutors deciding which cases to prosecute by weighing all relevant considerations, including federal law enforcement priorities set by the Attorney General, the seriousness of the crime, the deterrent effect of federal prosecution, and the cumulative impact of particular crimes on the community.” Subsequently, in April 2018, President Trump promised to support congressional efforts to protect states that have legalized the cultivation, sale and possession of cannabis, however, a bill has not yet been finalized in order to implement legislation that would, in effect, make clear the federal government cannot interfere with states that have voted to legalize cannabis. Further in December 2018, the US Congress passed legislation, which the President signed on December 20, 2018, removing hemp from being included with Cannabis in Schedule I of the Act.

These conditions raise substantial doubt as to the Company’s ability to continue as a going concern should it complete its acquisitions and investments, which it considers likely as of the date of these financial statements. Should the United States Federal Government choose to begin enforcement of the provisions under the Act, the Company through its wholly owned subsidiaries could be prosecuted under the Act and the Company may have to immediately cease operations and/or be liquidated upon their closing of the acquisition or investment in entities that engage directly in the production and or sale of cannabis.

The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amount and classification of liabilities that might result from this uncertainty.

Recent Developments

Under the Obama Administration, the DOJ previously issued memoranda, including the so-called “Cole Memo” on August 29, 2013, providing internal guidance to federal prosecutors concerning enforcement of federal cannabis prohibitions under the CSA. This guidance essentially characterized use of federal law enforcement resources to prosecute those complying with state laws allowing the use, manufacture and distribution of cannabis as an inefficient use of such federal resources when state laws and enforcement efforts are effective with respect to specific federal enforcement priorities under the CSA.

On January 4, 2018, U.S. Attorney General Jeff Sessions issued the Sessions Memo, which rescinded the Cole Memo and related internal guidance issued by the DOJ regarding federal law enforcement priorities involving marijuana. The Sessions Memo instructs federal prosecutors that when determining which marijuana-related activities to prosecute under federal law with the DOJ’s finite resources, prosecutors should follow the well-established principles set forth in the U.S. Attorneys’ Manual governing all federal prosecutions. The Sessions Memo states that “these principles require federal prosecutors deciding which cases to prosecute to weigh all relevant considerations, including federal law enforcement priorities set by the Attorney General, the seriousness of the crime, the deterrent effect of criminal prosecution, and the cumulative impact of particular crimes on the community.” The Sessions Memo went on to state that given the DOJ’s well-established general principles, “previous nationwide guidance specific to marijuana is unnecessary and is rescinded, effective immediately.”

It is unclear at this time what impact the Sessions Memo will have on the medical-use marijuana industry. In addition, pursuant to the current omnibus spending bill previously approved by Congress, the DOJ is prohibited from using funds appropriated by Congress to prevent states from implementing their medical-use cannabis laws. This provision, however, is currently set to expire on March 23, 2018, and there is no assurance that Congress will approve inclusion of a similar prohibition on DOJ spending in the appropriations bill for 2018. Although, as of September 30, 2018, we are not engaged in the purchase, sale, growth, cultivation, harvesting, or processing of marijuana products, we lease our properties to tenants who engage in such activities, and therefore strict enforcement of federal prohibitions regarding marijuana could irreparably harm our business, subject us to criminal prosecution and/or adversely affect the trading price of our securities.

Results of Operations

The following comparative analysis on results of operations was based primarily on the comparative consolidated financial statements, footnotes and related information for the periods identified below and should be read in conjunction with the audited consolidated financial statements and the notes to those statements for the years ended September 30, 2018 and 2017, which are included elsewhere in this annual report on Form 10-K. The results discussed below are for the years ended September 30, 2018 and 2017.

Comparison of the results of operations for the year ended September 30, 2018 compared to the Year Ended September 30, 2017

Revenues

For the years ended September 30, 2018 and 2017, revenue was as follows:

	Year Ended September 30, 2018			Year Ended September 30, 2017

Revenues	$	1,295,694		$	326,041
Net (loss)	$	(7,860,395	)	$	(2,746,652	)
Basic and diluted earnings (loss) per share	$	(0.95	)	$	(0.49	)

For the year ended September 30, 2018, total revenues amounted to $1,295,694 as compared to $326,041 for the year ended September 30, 2017, an increase of $969,653 or 75%. This increase in revenues was primarily comprised of straight lining the rent we expect from our other three leases. Under US GAAP, our rental income from the properties is earned on a straight-line basis over the entire expected life of the rent agreement, including the free rent period we have provided until we have completed the buildout of the respective properties. As of September 30, 2018, only the Willamette Property lessor had begun cash payments under the lease. We expect the remaining three lessors to commence cash payments under their three leases in early 2019.

Operating expenses

	Year Ended September 30, 2018		Year Ended September 30, 2017

Consulting fees	$	215,849	$	203,000
Professional fees	$	778,992	$	273,399
General and administrative expenses	$	3,020,915	$	827,907
Impairment of advance-related party	$	-	$	297,085
Stock based compensation	$	4,839,504	$	1,475,545
Total	$	8,855,260	$	3,076,936

	●	For the year ended September 30, 2018, consulting fees increased by $12,849, or 6.3%, as compared to the year ended September 30, 2017 due to an increase in the execution of additional consulting contracts in the area of investor relations.

	●	For the year ended September 30, 2018, professional fees increased by $505,593, or 184.9%, as compared to the year ended September 30, 2017. The increase was primarily attributable to both legal and accounting fees relative to compliance, acquisition and audit work. We expect these costs to increase as we continue to grow our operations.

	●	General and administrative expenses consist of expenses such as depreciation and amortization, rent expense, directors’ and officers’ liability insurance, travel expenses, office expenses, telephone and internet expenses and other general operating expenses. For the year ended September 30, 2018, general and administrative expenses increased by $1,833,008 or 221% as compared to the year ended September 30, 2017. These increases were primarily attributable to an increase in insurance, depreciation and impairment, and salary expense. We expect these costs, excluding future impairments, to increase as we continue to grow our operations.
.
	●	During the year ended September 30, 2018, we recorded stock-based compensation of $4,839,504 as compared to $1,475,545 for the comparable 2017 period, an increase of $3,363,959, or 227.9%. This increase is due to our practice in our growth phase to use our cash resources to acquire new properties and improve existing properties and to rely more on equity based instruments for compensation to directors, officers, employees and consultants.

Operating loss

As a result of the factors described above, for the years ended September 30, 2018 and 2017, operating loss amounted to $6,775,566, as compared to an operating loss of $2,750,895, an increase of $4,024,671 or 146.3%.

Other income (expenses)

Other income (expenses) primarily includes interest expense incurred on debt with third parties and related parties, and, also includes other income (expenses). For the year ended September 30, 2018, total other income (expense) amounted to a net expense of $300,829, as compared to total other income of $4,243, representing a change of $305,072 or 7190.0%. The primary driver of the increase in interest expense was the greater utilization of debt in the fiscal 2018 year over 2017 and warrants and conversion features attached to certain debt instruments. We expect a substantial increase in our interest expense in our first quarter of the fiscal year ended September 30, 2019 as we issued an inducement offer to the holders of our convertible notes and all holders agreed to convert based on that inducement. This will result in the remaining discount on the convertible notes being amortized to interest expense in the quarter ending December 31, 2018.

Net income (loss)

As a result of the foregoing, for the years ended September 30, 2018 and 2017, net loss amounted to $7,860,395, or $(0.95) per basic and diluted common share, and a net loss of $2,746,652, or $(0.49) per basic and diluted common share, respectively.

LIQUIDITY AND FINANCIAL CONDITION

Liquidity and Capital Resources

The Company had cash of $761,351 and $391,389 as of September 30, 2018 and 2017 respectively. Our primary uses of cash have been for salaries, fees paid to third parties for professional services, property operating expenses, general and administrative expenses, and the acquisition and development of rental properties. All funds received have been expended in the furtherance of growing the business. We have received funds from financing activities such as from the sale of our common stock. The following trends are reasonably likely to result in changes in our liquidity over the near to long term:

	●	An increase in working capital requirements to finance our current business,
	●	Acquisition and buildout of rental properties;
	●	Addition of administrative and sales personnel as the business grows and
	●	The cost of being a public company.

Subsequent to September 30, 2018, we have raised an additional approximately $2.2 million in our private placement with Cannacord. Our efforts to raise additional capital are ongoing and we expect to receive the remainder of the offering of approximately CAD $7 million (approximately $4.8 million USD after fees and expenses) in the upcoming quarters in the fiscal year ended September 30, 2019.

We currently have committed that we would need to spend approximately $200,000 on capital expenditures for the expansion and buildout of our Mulino, Powell and Springfield properties. These capital expenditures are contingent upon several factors including the Company obtaining financing for the development of the properties and the construction of the tenant improvements in such amount and on such terms and provisions as are acceptable to the Company.

In October 2018, we issued an inducement offer to the holders of $2.575 million of our convertible notes, such that if they agreed to convert their notes into shares of our common stock, we would reduce the conversion rate from the range of $2.40 to $2.50 per share, depending on the convertible note, to $1.80 per share for all holders. In October and November 2018, all holders of our convertible notes accepted our offer and agreed to convert their notes into shares of our common stock at the inducement rate. This resulted in a reduction in our outstanding liabilities of approximately $2.575 million.

We have used our available funds to fund our operating expenses, pay our obligations, acquire and develop rental properties, and grow our company. We need to raise additional capital or debt financing to acquire new properties, to develop existing properties, and to assure we have sufficient working capital for our ongoing operations and debt obligations.

On February 28, 2018, the Company executed a $550,000 mortgage payable on the Willamette property to acquire additional funds. The mortgage bears interest at 15% per annum. Monthly interest only payments began March 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on March 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The Company paid costs of approximately $28,000 to close on the mortgage. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. The note has been cross guaranteed by the CEO and Director of the Company.

On April 4, 2018, the Company executed a $314,000 mortgage payable on the Powell property to acquire additional funds. At closing $75,000 of the proceeds was put into escrow. The mortgage bears interest at 15% per annum. Monthly interest only payments began May 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on April 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The Company paid costs of approximately $19,000 to close on the mortgage. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. The note has been cross guaranteed by the CEO and Director of the Company.

On January 16, 2018 the Company consummated a “Contract for Sale” for a Farm Property in Mulino OR (the “Mulino Property”). The purchase price was $1,700,000 which was reduced by a rental credit of approximately $135,000 which is equivalent to nine months’ rent at $15,000 a month and an additional credit of $9,500 for additional work done on the property. In connection with the purchase of the property, the Company made a cash payment as down payment plus payment of closing costs in the amount of $370,637 and issued a promissory note in the amount of $1,200,000 with a maturity of January 2020. The Company will pay monthly installments of principal and interest (at a rate of 2% per annum) in the amount of $13,500, commencing in July 2018 through the maturity date (January 2020), at which time the entire unpaid principal balance and any remaining accrued interest shall be due and payable in full. The note is secured by a deed of trust on the property.

In July 2018, the Company entered into a Membership Interest Purchase Agreement with a Florida company to acquire a 25% membership interest in the entity. The entity has the ability to obtain a license to cultivate and sell cannabis for medical purposes under newly enacted laws in Florida. As part of the purchase agreement, we funded $500,000 up front to allow the entity, along with a promissory note for $1 million, subject to closing which will occur on the entity obtaining the necessary licenses. As of September 30, 2018 and the date of filing of this Form 10-K, the entity had not yet been granted the necessary licenses to commence operations. In the event that the investee fails to obtain the necessary licenses, the purchase agreement is voided, the Company will return the membership interest and all monies not spent on the license process will be returned to the Company and the promissory note will be cancelled.

In September 2018, the Company entered into a separate Membership Interest Purchase Agreement with a Nevada entity to acquire a 50% interest in that entity. As part of the purchase agreement, the Company deposited into escrow with an attorney $375,000 and will pay a further $375,000 at closing. The entity is seeking licenses to cultivate and sell cannabis in the state of Nevada. As of September 30, 2018 and the date of filing of this Form 10-K, the entity had not yet been granted the necessary licenses to commence operations. In the event that the investee fails to obtain the necessary licenses, the purchase agreement is voided, all monies not spent on the license process will be returned to the Company and amounts held in escrow will be returned to the Company.

Transaction with Patch International, Inc.

On January 20, 2017, the shareholders of Patch International, Inc. voted to be acquired by the Company. As a result, the merger with Patch International, Inc., closed and the Company now has received an additional approximately $2.4 million which was on Patch’s books at the time of the acquisition, net of the approximately $54,000 paid to dissenting Patch International, Inc. shareholders.

Properties

In September 2016, the Company entered into a 10-year lease with respect to certain property located in Springfield, OR (the “42nd Street Property”) with the landlord that commenced in November 2016. The lease requires the Company to pay a base rental fee of $7,033 plus an additional estimated $315 per month in real estate taxes in which the base rental fee escalates each year by approximately 2%. All taxes (including reconciling real estate taxes), maintenance and utilities are included at the end of each year as a one-time payment. In addition, the Company also remitted $14,000 for a security deposit to the landlord. In July 2017, the Company entered into a lease agreement for the 42^nd Street Property. The lease agreement is for a term of ten years and a monthly rent obligation of $64,640, subject to annual increases of 3% per year plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. Rent payments have not commenced. The Company has treated tenancy for the period prior to rent commencement as a free rental period for accounting purposes.

On February 6, 2017, the Company acquired certain real property located at 7827 SE Powell Blvd, Portland, OR 97206 (the “Powell Property”) for a total purchase price plus closing costs of approximately $656,498. In July 2017, the Company entered into a lease agreement for the Powell Property. The lease agreement is for a term of ten years and a monthly rent obligation of $6,523, subject to annual increases of 3% per year. Maintenance and real property taxes shall be paid by the Tenant and insurance paid by the Company. Additional rents will be added to pay landlord back for tenant improvements by the end of the first term of the lease, payments will include annual interest at 12% compounded monthly. Rent payments have not commenced. The Company has treated tenancy for the period prior to rent commencement as a free rental period for accounting purposes. Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement. On April 4, 2018, the Company executed a $314,000 mortgage payable on the Powell property to acquire additional funds. The mortgage bears interest at 15% per annum. Monthly interest only payments began May 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on April 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. The note has been cross guaranteed by the CEO and Director of the Company.

The Company has committed to improve the aforementioned properties which are leased to third parties. These commitments will require an additional cash outlay in the amount of approximately $200,000.

Our future operation is dependent on our ability to manage our current cash balances and on the collection of rental revenues. Our real estate properties are leased to related party tenants under double-net leases for which terms and expirations vary. We monitor the credit of all tenants to stay abreast of any material changes in credit quality. We monitor tenant credit by (1) reviewing the credit ratings of tenants (or their parent companies or lease guarantors) that are rated by national recognized rating agencies; (2) reviewing financial statements and related metrics and information that are publicly available or that are provided to us upon request, and (3) monitoring the timeliness of rent collections.

We intend on securing additional financing to acquire and develop additional and existing properties. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses or experience unexpected cash requirements that would force us to seek alternative financing. Furthermore, if we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock. The inability to obtain additional capital may restrict our ability to grow our business operations.

Cash Flow

For the Years Ended September 30, 2018 and 2017

Net cash flows used in operating activities was $1,859,603 for the year ended September 30, 2018 as compared net cash flow used in operating activities to $947,894 for the year ended September 30, 2017, a change of $911,709.

	●	Net cash flow used in operating activities for the year ended September 30, 2018 primarily reflected a net loss of $7,076,395 adjusted for the add-back of non-cash items consisting of depreciation, amortization and impairment of $1,363,460, stock-based compensation expense of $4,839,504, non-cash interest $197,203, offset by a settlement gain from a note payable of $44,388, and changed operating assets and liabilities consisting of an increase in deferred revenue of $1,143,894, a decrease in prepaid expenses of $379,277 and net changes in other operating liabilities of $409,630.

	●	Net cash flow used in operating activities for the year ended September 30, 2017 primarily reflected a net loss of $2,746,652 adjusted for the add-back of non-cash items consisting of depreciation and amortization of $129,217, stock-based compensation expense of $1,475,545, impairment of advance-related party of $297,085, and changed in operating assets and liabilities consisting of an decrease in the deposits of $113,034 and an increase in deferred revenue of $298,441 and an increase of $82,318 in accounts payable and accrued expenses.

	●	Net cash flow used in investing activities for the year ended September 30, 2018 amounted to $7,345,484 and consisted of 4,898,309 used in the development of leased properties including the expansion of rentable space, upgrading irrigation, ventilation, plumbing and electrical systems, and the purchase of property and equipment. Additionally, $1,301,166 was invested in a new equity method investee and a further $1,059,019 was invested in two new potential equity method investees, upon their obtaining the necessary licenses. For the year ended September 30, 2017, net cash flow used in investing activities in the amount of $3,500,547 primarily reflects the development of owned and leased properties and acquisition of other property and equipment.

●

Net cash provided by financing activities was $9,575,049 for the year ended September 30, 2018 as compared to $4,041,632 for the year ended September 30, 2017. During the year ended September 30, 2018, we received proceeds from the issuance of common shares of $6,570,873, compared to $4,528,742 in 2017, note payable proceeds of $368,000, and convertible debt proceeds of $2,325,000, mortgage proceeds of $738,936, and an offset of $427,760 of payment on notes payable as compared to $468,860 in 2017.

CRITICAL ACCOUNTING POLICIES

Principals of Consolidation

The accompanying consolidated financial statements include the accounts of Stem Holdings, Inc. and its wholly-owned subsidiaries, Stem Group Oklahoma, Inc., Stem Holdings Florida, Inc., Stem Holdings Oregon, Inc., Stem Holdings IP, Inc., Opco, LLC., and Stem Agri, LLC. All material intercompany accounts, transactions, and profits have been eliminated in consolidation. Our wholly owned subsidiaries had no operations, assets or liabilities as of September 30, 2018.

Revenue Recognition

The Company recognizes rental revenue from tenants, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured.

The Company makes estimates of the collectability of its tenant receivables related to base rents, straight-line rent and other revenues. In the current fiscal year, the Company began significant rental operations. The Company considers such things as historical bad debts, tenant creditworthiness, current economic trends, facility operating performance, lease structure, developments relevant to a tenant’s business, and changes in tenants’ payment patterns in its analysis of accounts receivable and its evaluation of the adequacy of the allowance for doubtful accounts. Specifically, for straight-line rent receivables, the Company’s assessment includes an estimation of a tenant’s ability to fulfill its rental obligations over the remaining lease term.

Real Estate Acquisition Valuation

All assets acquired and liabilities, assumed in an acquisition of real estate are measured at their acquisition date fair values. The acquisition value of land, building and improvements are included in real estate investments on the accompanying consolidated balance sheets. Acquisition pursuit costs associated with asset acquisitions are capitalized. The Company has early adopted ASU 2017-01, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as businesses acquisitions. As a result of early adopting ASU 2017-01, real estate acquisitions did not meet the definition of a business combination and were deemed asset acquisitions, and the Company therefore capitalized its acquisition pursuit costs associated with these acquisitions.

Reclassifications

Certain amounts in the Company’s consolidated financial statements for prior periods have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods.

Use of estimates

The preparation of these financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Estimates and judgments used are based on management’s experience and the assumptions used are believed to be reasonable given the circumstances that exist at the time the financial statements are prepared. The significant estimates included in these financial statements are those associated with the assumptions used to value equity instruments, valuation of its properties for impairment testing and the deferral of rents. Actual results may differ from these estimates.

Instruments to Purchase Common Stock and Other Derivative Financial Instruments

We classify as equity any contracts that require physical settlement or net-share settlement or provide us a choice of net-cash settlement or settlement in our own shares (physical settlement or net-share settlement) provided that such contracts are indexed to our own stock. We classify as assets or liabilities any contracts that require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside our control) or give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). We assess the classification of instruments issued to purchase our common stock and any other financial instrument at each reporting date to determine whether a change in classification between assets and liabilities is required.

Cash and cash equivalents

Cash and cash equivalents include short-term investments with original maturities of three months or less and are recorded at cost, which approximates fair market value given the short-term nature.

Concentrations of Credit Risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and our deferred rents. As of September 30, 2018, the Company had deposits in a major financial institution in excess of the FDIC insurance limit. The Company believes the risk of loss to be minimal as it maintains its cash balances at well capitalized financial institutions. As of September 30, 2018, the Company had deferrals of rent due to free rent periods of approximately $1.4 million as it completes the buildout of three of its properties. The Company is currently in the process of acquiring the entities that it currently rents to and believes as of the date of these financial statements that it will acquire those entities, and because of this, no impairment testing was performed due to the likelihood of success of that acquisition (see Note X). Should the Company be successful in its acquisition of the renters, the deferred rental asset will eliminate against the liability held by the affiliates and therefore no impairment would be necessary. Should the Company fail to acquire its renters in the upcoming fiscal year, then impairment of the deferred rents could be likely.

Geographical Concentrations

As of September 30, 2018, the Company primarily rents to entities engaged in the production and sale of cannabis, which is only legal for recreational use in 10 states, with lesser legalization, such as for medical use in an additional 21 states, as of the time of these financial statements.

Carrying value, recoverability and impairment of long-lived assets

The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC’) 360 to evaluate its long-lived assets with determinate lives. The Company’s long-lived assets, which include property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company does not test for impairment in the year of acquisition of properties so long as those properties are acquired from unrelated third parties.

The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of long-lived assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the assets expected future discounted cash flows or market value, if readily determinable. If long- lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated and amortized over the newly determined remaining estimated useful lives.

The Company considers the following to be some examples of important indicators that may trigger an impairment review: (i) significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii) significant changes in the manner or use of assets or in the Company’s overall strategy with respect to the manner or use of the acquired assets or changes in the Company’s overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company’s stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events.

As of September 30, 2018, the Company performed its impairment analysis of its properties and determined that based on its valuation performed for the Mulino Farm project, an impairment in the value of its building and improvements was required, due to the nature of the property, its location and the specialized improvements the Company added to the property over the course of the fiscal year ended September 30, 2018. Based on its valuation, the Company has recorded an impairment of $784,000 as of September 30, 2018 (see Note 3) for the Mulino Farm property which is included in general and administrative expenses line item on the Statement of Operations.

Capitalization of Project Costs

The Company’s policy is to capitalize all costs that are directly identifiable with a specific property, would be capitalized if the Company had already acquired the property, and when the property, or an option to acquire the property, is being actively sought after, and either funds are available or will likely become available in order to exercise their option. All amounts shown capitalized prior to acquisition of a property are included under the caption of Project Costs in the balance sheet.

Income Taxes

Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of currently due plus deferred taxes. Deferred tax assets and liabilities are determined based on differences between financial reporting carrying amounts and the respective tax bases of assets and liabilities and are measured using tax rates and laws that are expected to be in effect when the differences are expected to be recovered or settled. Valuation allowances are provided against deferred tax assets if it is more likely than not that the deferred tax assets will not be realized.

The Company follows the guidance of FASB ASC 740-10 which relates to the Accounting for Uncertainty in Income Taxes, which seeks to reduce the diversity in practice associated with the accounting and reporting for uncertainty in income tax positions. This interpretation prescribes a comprehensive model for financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns.

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (the “Act”), a tax reform bill which, among other items, reduces the current federal income tax rate to 21% from 34%. The rate reduction is effective January 1, 2018 and is permanent. The Act has caused the Company’s deferred income taxes to be revalued. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through income tax expense. Pursuant to the guidance within SEC Staff Accounting Bulletin No. 118 (“SAB 118”), as of December 31, 2017, the Company recognized the provisional effects of the enactment of the Act for which measurement could be reasonably estimated. Since the Company has provided a full valuation allowance against its deferred tax assets, the revaluation of the deferred tax assets did not have a material impact on any period presented. The ultimate impact of the Act may differ from these estimates due to the Company’s continued analysis or further regulatory guidance that may be issued as a result of the Act.

The Company follows the provisions of FASB ASC 740-10 “Uncertainty in Income Taxes”. Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a “more-likely-than-not” threshold.

The Company does not believe it has any uncertain tax positions as of September 30, 2018 and 2017 that would require either recognition or disclosure in the accompanying consolidated financial statements.

Recent Accounting Pronouncements

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to recognize a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The pronouncement requires a modified retrospective method of adoption and is effective on January 1, 2019, with early adoption permitted. We will continue to evaluate the effect the adoption of ASU 2016-02 will have on the consolidated financial statements of the Company. However, we currently believe that the adoption of ASU 2016-02 will not have a material impact for operating leases where we are a lessor and will continue to record revenues from rental properties for our operating leases on a straight-line basis. However, for leases where we are a lessee, primarily for our administrative office lease, we will be required to record a lease liability and a right of use asset on our consolidated balance sheets at fair value upon adoption. In addition, direct internal leasing overhead costs will continue to be capitalized, however, indirect internal leasing overhead costs previously capitalized will be expensed under ASU 2016-02.

In August 2016, the FASB issued ASU 2016-15 which addresses eight cash flow classification issues, eliminating the diversity in practice. This ASU is effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted. The retrospective transition method, requiring adjustment to all comparative periods presented, is required unless it is impracticable for some of the amendments, in which case those amendments would be prospectively applied as of the earliest date practicable. The adoption of ASU 2016-15 is not expected to have any impact on our consolidated financial statements.

In May 2014, FASB issued an update (“ASU 2014-09”) establishing Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). ASU 2014-09, as amended by subsequent ASUs on the topic, establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most of the existing revenue recognition guidance. This standard, which is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2017, requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services and also requires certain additional disclosures. We adopted this standard effective January 1, 2018 using the modified retrospective approach, which requires applying the new standard to all existing contracts not yet completed as of the effective date and recording a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. Based on an evaluation of the impact ASU 2014-09 will have on our sources of revenue, we have concluded that ASU 2014-09 will not have a material impact on the process for, timing of, and presentation and disclosure of revenue recognition from contracts with tenants.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. The standard provides companies with a single model for use in accounting for revenue arising from contracts with customers and will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective, including industry-specific revenue guidance. The standard specifically excludes lease contracts. The ASU allows for the use of either the full or modified retrospective transition method and will be effective for the Company on October 1, 2019, at which time the Company expects to adopt the updated standard using the modified retrospective approach. However, as the majority of the Company’s revenue is from rental income related to leases, the ASU will not have a material impact on the consolidated financial statements. Related disclosures will be provided and/or updated pursuant to the requirements of the ASU.

In February 2016, the FASB issued ASU No. 2016-02, Leases. The standard amends the existing lease accounting guidance and requires lessees to recognize a lease liability and a right-of-use asset for all leases (except for short-term leases that have a duration of one year or less) on their balance sheets. Lessees will continue to recognize lease expense in a manner similar to current accounting. For lessors, accounting for leases under the new guidance is substantially the same as in prior periods, but eliminates current real estate-specific provisions and changes the treatment of initial direct costs. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparable period presented, with an option to elect certain transition relief. Full retrospective application is prohibited. The standard will be effective for the Company on October 1, 2020; however, early adoption of the ASU is permitted. While the Company is currently evaluating the effect that the updated standard will have on our consolidated financial statements and related disclosures, we expect to adopt the guidance on its effective date, at which time we anticipate recognizing right-of-use assets and related lease liabilities on our consolidated balance sheets related to ground leases for any communities where we are the lessee.

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

OFF-BALANCE SHEET ARRANGEMENTS

The Company does not have any off-balance sheet arrangements.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

The financial information required by Item 8 begins on the following page.

TABLE OF CONTENTS FOR FINANCIAL STATEMENTS

	Page
Report of Independent Registered Public Accounting Firm	F-2

Consolidated Balance Sheets	F-3

Consolidated Statements of Operations	F-4

Statement of Changes in Stockholders’ Equity	F-5

Consolidated Statements of Cash Flows	F-6

Notes to Consolidated Financial Statements	F-7

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and the Board of Directors

of Stem Holdings, Inc.

OPINION ON THE FINANCIAL STATEMENTS

We have audited the accompanying consolidated balance sheets of Stem Holdings, Inc. and subsidiaries (the “Company”) as of September 30, 2018 and September 30, 2017, the related consolidated statements of operations, stockholders’ equity and cash flows for the years ended September 30, 2018 and September 30, 2017, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of September 30, 2018 and September 30, 2017, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

EXPLANATORY PARAGRAPH – GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As more fully explained in Note 1, the Company and its affiliates, in the upcoming year is expected to begin engaging in the production and sale of cannabis and related products, an activity that is illegal under United States Federal law for any purpose, by way of Title II of the Comprehensive Drug Abuse Prevention and Control Act of 1970, otherwise known as the Controlled Substances Act of 1970 (the “ACT”). This fact raises substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

BASIS FOR OPINION

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ LJ Soldinger Associates, LLC

Deer Park, IL

January 14, 2019

We have served as the Company’s auditor since 2016.

F-2

STEM HOLDINGS, INC.

Consolidated Balance Sheets

	September 30,			September 30,
	2018			2017
ASSETS

CURRENT ASSETS:
Cash and cash equivalents	$	761,351		$	391,389
Prepaid expenses and other current assets		993,619			106,466
Notes payable subscriptions receivable		150,000			-
Equity subscriptions receivable		-			100,000
Total current assets		1,904,970			597,855

Property and equipment, net		8,324,799			3,258,850

Other assets
Investment in equity method investees		1,301,166			-
Investment in affiliates		2,076,119			-
Deposits and other assets		165,663			195,318
Deferred rent – related parties		1,442,335			298,441
Total other assets		4,985,283			493,759

TOTAL ASSETS	$	15,215,052		$	4,350,464

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:
Accounts payable and accrued expenses	$	511,007		$	101,377
Due to related parties		33,600			16,500
Convertible notes, net of debt discount		2,194,790			-
Short term notes and advances		1,268,073			47,902
Current portion of long-term notes		169,988			-
Total current liabilities		4,177,458			165,779

Long-term debt, net of long-term portion		1,912,543			-
TOTAL LIABILITIES		6,090,001			165,779

Commitments and contingencies		-			-

STOCKHOLDERS’ EQUITY
Preferred stock, Series A; $0.001 par value, 50,000,000 shares authorized, none outstanding as of September 30, 2018		-			-
Preferred stock, Series B; $0.001 par value; 50,000,000 shares authorized, none outstanding as of September 30, 2018		-			-
Common stock, $0.001 par value, 300,000,000 shares authorized, 10,177,496 and 6,354,860 shares issued, issuable and outstanding as of September 30, 2018 and September 30, 2017 respectively.		10,582			6,433
Additional paid-in capital		19,809,215			7,012,603
Accumulated deficit		(10,694,746	)		(2,834,351	)
Total stockholders’ equity		9,125,051			4,184,685
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	15,215,052		$	4,350,464

The accompanying notes are an integral part of these audited consolidated financial statements.

F-3

STEM HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

	Fiscal Year Ended
	September 30,
	2018			2017

Revenues – related parties	$	1,295,694		$	326,041

Operating expenses
Consulting fees		215,849			203,000
Professional fees		778,992			273,399
General and administration		3,020,915			827,907
Impairment of advance- related party		-			297,085
Stock based compensation		4,839,504			1,475,545
Total expenses		8,855,260			3,076,936

Operating loss	$	(7,559,566	)	$	(2,750,895	)

Other income and (expenses):
Interest expense		(345,657	)		(975	)
Interest income		440			5,218
Other income		44,388			-
Total other income (expense), net		(300,829	)		4,243

Net loss before income taxes		(7,860,395	)		(2,746,652	)
Provision for income taxes		-			-
Net loss for the period	$	(7,860,395	)	$	(2,746,652	)

Basic and diluted loss per common share	$	(0.95	)	$	(0.49	)

Basic and diluted weighted average common shares outstanding		8,305,383			5,596,989

The accompanying notes are an integral part of these audited consolidated financial statements.

F-4

STEM HOLDINGS, INC.

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

For the Years Ended September 30, 2018 and 2017

	Common Stock						Additional Paid in			Subscription			Accumulated			Total Shareholders’
Description	Shares			Amount			Capital			Receivable			Deficit			Equity
Balance, September 30, 2016		4,734,163		$	4,734		$	2,480,016		$	(400,000	)	$	(87,699	)	$	1,997,051
Common stock issued for cash		1,412,363			1,432			3,157,142			-			-			3,158,574
Issuance of common stock for subscription receivable		41,667			100			99,900			-			-			100,000
Amendment and collection of 2016 subscription receivable		(83,333	)		(83	)		(200,000	)		400,000			-			199,917
Options issued to consultant		-			-			560,878			-			-			560,878
Options issued to Officers and Directors		-			-			314,667			-			-			314,667
Common stock issued to Officers		150,000			150			360,000			-			-			360,150
Common stock issued for services		100,000			100			240,000			-			-			240,100
Net loss		-			-			-						(2,746,652	)		(2,746,652	)
Balance, September 30, 2017		6,354,860			6,433			7,012,603			-			(2,834,351	)		4,184,685

Common stock issued for cash		2,688,834			2,767			6,568,107			-						6,570,874
Beneficial conversion feature and warrants attached to convertible notes		-			-			527,350									527,350
Stock based compensation		1,055,416			1,334			5,676,328			-						5,677,662
Common stock issued for legal settlement		12,500			13			24,862									24,875
Common stock issued for options exercised		65,886			35			(35	)		-						-
Net loss		-			-						-			(7,860,395	)		(7,860,395	)
Balance, September 30, 2018		10,177,496		$	10,582		$	19,809,215		$	-		$	(10,694,746	)	$	9,125,051

The accompanying notes are an integral part of these audited consolidated financial statements.

F-5

STEM HOLDINGS, INC.

Consolidated Statements of Cash Flows

	For the Fiscal Years Ended September 30,
	2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the period	$	(7,860,395	)	$	(2,746,652	)
Adjustments to reconcile net loss to cash used in operations:
Stock based compensation		4,839,504			1,475,545
Impairment of advance-related party		-			297,085
Non-cash interest		197,203			-
Settlement gain		(44,388	)		-
Depreciation, amortization and impairment		1,363,460			129,217
(Increase) decrease in operating assets:
Prepaid expenses and other current assets		379,277			113,034
Deferred revenue		(1,143,894	)		(298,441	)
Increase (decrease in operating liabilities:
Accounts payable and accrued expenses		409,630			82,318
Net Cash Flows Used in Operating Activities		(1,859,603	)		(947,894	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Fixed asset purchases		(4,898,309	)		(2,990,365	)
Intangible property expenditures		(6,328	)		(52,190	)
Project cost expenditures		-			(10,000	)
Advances to related entities		-			(276,674	)
Investment in equity method investees		(1,301,166	)		-
Investment in affiliates		(1,059,019	)		-
Deposits for leasehold and building improvements		(80,662	)		(171,318	)
Net Cash Flows used in Investing Activities		(7,345,484	)		(3,500,547	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common shares		6,570,873			4,528,742
Proceeds shareholder advances		-			11,250
Repayments of shareholder advances		-			(29,500	)
Notes payable and advances proceeds		368,000			-
Proceeds from convertible notes, net of fees paid		2,325,000			-
Proceeds from mortgages		738,936			-
Principle payment on notes payable		(427,760	)		(468,860	)
Net Cash Flows Provided By Financing Activities		9,575,049			4,041,632

Net increase in cash and cash equivalents		369,962			(406,809	)
Cash and cash equivalents at beginning of period		391,389			798,198
Cash and cash equivalents at the end of the period	$	761,351		$	391,389

Supplemental Disclosure of Cash Flows Information:
Cash paid for interest	$	137,230		$	975
Cash paid for taxes	$	-		$	-
Non-cash Supplemental information
Subscription receivable	$	-		$	100,000
Note subscription receivable	$	150,000		$	-
Equipment purchases financed	$	64,453		$	-
Purchase of real estate with seller financing	$	1,200,000		$	300,000
Financed Insurance	$	345,370		$	212,500
Investment in affiliate financed with note	$	1,000,000		$	-
Project costs and construction deposits transferred to PP&E	$	185,318		$	41,250
Escrow holdback from mortgage	$	75,000		$	-
Stock issued for services capitalized	$	1,284,000			-
Cancellation of related party rents as payment of accrual payroll	$	527,349		$	-

The accompanying notes are an integral part of these audited consolidated financial statements.

F-6

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

1. Incorporation and operations and Going Concern

Stem Holdings, Inc. (the “Company”) is a Nevada corporation incorporated on June 7, 2016. The Company purchases, improves, and leases properties for use in the cannabis production, distribution and sales industry as well as a cultivator providing cannabis and cannabis-infused products licensed under the laws of the states of Oregon, Nevada, Oklahoma, with six current licenses for cultivation, three for production, five for processing, one for wholesale and ten dispensary licenses. In addition, the Company also procured a hemp license under the laws of Oregon. As of September 30, 2018, the Company has acquired 3 commercial properties and leased a fourth property and has entered into leases to related entities for these four properties (see Note 10). Fiscal year 2018 saw the near completion of buildout of these properties.

The Company’s stock is publicly traded and is listed on the Canadian Securities Exchange under the symbol “STEM” and the OTCQB exchange under the symbol “STMH”.

Going Concern

F-7

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

2. Summary of significant accounting policies

Basis of preparation

The consolidated balance sheet includes all of the accounts of the Company as of September 30, 2018, presented in accordance with U.S. generally accepted accounting principles.

Principals of Consolidation

Revenue Recognition

Real Estate Acquisition Valuation

All assets acquired and liabilities assumed in an acquisition of real estate are measured at their acquisition date fair values. The acquisition value of land, building and improvements are included in real estate investments on the accompanying consolidated balance sheets. Acquisition pursuit costs associated with asset acquisitions are capitalized. The Company has early adopted ASU 2017-01, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as businesses acquisitions. As a result of early adopting ASU 2017-01, real estate acquisitions did not meet the definition of a business combination and were deemed asset acquisitions, and the Company therefore capitalized its acquisition pursuit costs associated with these acquisitions.

Reclassifications

Use of estimates

F-8

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

2. Summary of significant accounting policies (continued)

Instruments to Purchase Common Stock and Other Derivative Financial Instruments

Cash and cash equivalents

Cash and cash equivalents include short-term investments with original maturities of three months or less and are recorded at cost, which approximates fair market value given the short-term nature.

Concentrations of Credit Risk

Geographical Concentrations

Carrying value, recoverability and impairment of long-lived assets

F-9

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

2. Summary of significant accounting policies (continued)

Carrying value, recoverability and impairment of long-lived assets (cont’d)

Capitalization of Project Costs

Income Taxes

Fair value of financial instruments

As defined in the authoritative guidance, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

To estimate fair value, the Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable.

The authoritative guidance establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (“Level 1” measurements) and the lowest priority to unobservable inputs (“Level 3” measurements). The three levels of the fair value hierarchy are as follows:

Level 1 — Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.

F-10

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

2. Summary of significant accounting policies (continued)

Fair value of financial instruments (cont’d)

Level 2 — Other inputs that are observable, directly or indirectly, such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 — Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.

In instances in which multiple levels of inputs are used to measure fair value, hierarchy classification is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

Beneficial Conversion Feature

The Company issued convertible notes that have conversion prices that create an embedded beneficial conversion feature on the issuance date. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of any attached equity instruments, if any related equity instruments were granted with the debt, on a relative fair market basis. The Company estimates the fair value of its common stock using the most recent selling price available. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid-in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.

Earnings per share

The Company presents basic and diluted per share amounts (“EPS”) data for its common shares. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated based on the weighted-average number of outstanding common shares plus the effect of dilutive potential common shares, using the treasury stock method. The Company’s calculation of diluted net loss per share excludes potential common shares as of September 30, 2018 as the effect would be anti-dilutive (i.e. would reduce the loss per share).

As of September 30, 2018, the Company has 4,116,249 shares issuable upon note conversion, options and warrants exercisable into the common stock of the Company outstanding.

Advertising Costs

The Company follows the policy of charging the cost of advertising to expense as incurred. Advertising expense was $ 49,948 for the twelve months ended September 30, 2018 and $35,557 for the twelve months ended September 30, 2017.

Emerging Growth Company

The Company has elected to be an emerging growth company as defined under the Jumpstart Our Business Startups Act of 2012 (“Jobs Act”). Included with this election, the Company has also elected to use the provisions within the Jobs Act that allow companies that go public to continue to use the private company adoption date rules for new accounting policies. Should the Company obtain revenues in excess of $1 billion on an annual basis, have its non-affiliated market capitalization increase to over $700 million as of the last day of its second quarter, or raise in excess of $1 billion in public offerings of its equity or instruments directly convertible into its equity, it will forfeit its status under the Jobs Act as an emerging growth company.

F-11

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

2. Summary of significant accounting policies (continued)

Property and Equipment

Property and equipment is stated at cost less accumulated depreciation and is depreciated using the straight-line method over the assets’ estimated useful life as follows:

Buildings	20 years
Leasehold improvements	Shorter of term of lease or economic life of improvement
Furniture and equipment	5 years
Signage	5 years
Software and related	5 years

Normal maintenance and repairs for equipment are charged to expense as incurred, while significant improvements are capitalized.

Related parties

Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.

Recent Accounting Guidance

On August 29, 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract (“ASU 2018-15”), which align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). ASU 2018-15 is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption of the amendments is permitted including adoption in any interim period. The amendments in ASU 2018-15 should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.

On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement: Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which changes the fair value measurement disclosure requirements of ASC 820. ASU 2018-13 is effective for all entities for fiscal years beginning after December 15, 2019, including interim periods therein. Early adoption is permitted for any eliminated or modified disclosures upon issuance of ASU 2018-13. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.

In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 expands the guidance in Topic 718 to include share-based payments for goods and services to non-employees and generally aligns it with the guidance for share-based payments to employees. The amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.

F-12

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

2. Summary of significant accounting policies (continued)

Recent Accounting Guidance

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 provides guidance for recognizing credit losses on financial instruments based on an estimate of current expected credit losses model. The amendments are effective for fiscal years beginning after December 15, 2019. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires that lessees recognize assets and liabilities for leases with lease terms greater than twelve months in the statement of financial position and also requires improved disclosures to help users of financial statements better understand the amount, timing and uncertainty of cash flows arising from leases. The FASB issued subsequent amendments to improve and clarify the implementation guidance of Topic 842. The amendments are effective for fiscal years beginning after December 15, 2018. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of this amendment is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The FASB issued subsequent amendments to improve and clarify the implementation guidance of Topic 606. This standard is effective for annual reporting periods beginning after December 15, 2017. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.

3. Property, Plant & Equipment

At September 30 property and equipment consisted of the following:

	2018			2017
Automobile	$	18,275		$	18,275
Signage		19,118			19,118
Furniture and equipment		1,199,303			102,890
Leasehold improvements		2,718,519			1,573,044
Buildings and property improvements		4,719,742			1,622,550
Land		300,000			-
Software and related		58,518			52,190

Subtotal		9,033,475			3,388,067

Accumulated depreciation and amortization		(708,676	)		(129,217	)
Property, plant and equipment, net	$	8,324,799		$	3,258,850

On November 1, 2016, the Company acquired certain real property located at 1027 Willamette Street, Eugene, OR 97401 (the “Property”) for a total cash purchase price plus closing costs of approximately $918,000.

On February 6, 2017, the Company acquired certain real property located at 7827 SE Powell Blvd, Portland, OR 97206 (the “Property”) for a total purchase price plus closing costs of approximately $656,498.

F-13

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

3. Property, Plant & Equipment (continued)

As part of the consideration for closing on the property, the Company issued a short term note payable to the seller in the Amount of approximately $304,000. The note is non-interest bearing and requires four monthly payments of $75,000 plus a final payment for the remaining amount due immediately thereafter plus fees. Due to the short-term nature of the note, the Company has not imputed any interest as it would be immaterial to the results for the period.

In January 2018, the Company acquired certain property located at 14336 South Union Hall Road, Mulino Oregon 97042 for a total purchase price of approximately $1,555,500 which includes credits issued by the seller for prior rental payments and additional improvements on the property made by the Company. As part of the consideration for the purchase, the Company issued the seller a note for $1.2 million with a 2% interest rate and monthly payments beginning in July 2018 of $13,500 for a period of 19 months with a final balloon payment payable in January 2020 of approximately $957,000. The Company did not record a premium to the market rate of the note as it was immaterial at issuance.

Depreciation, amortization and impairment expense (see Note 2) was $1,363,460 for the twelve months ended September 30, 2018 and $126,264 for 2017.

4. Investment in equity method investees

In April 2018, the Company received a 37.5% interest in NVD RE Corp. (“NVD”) upon its issuance to NVD of a commitment to contribute $1.275 million to NVD. As of September 30, 2018, the Company had fully funded its commitment. NVD used the funds provided to date by the Company to acquire an under construction cannabis indoor grow building located near Las Vegas, Nevada and to continue the buildout of the property. The Company has no further commitment to fund the entity beyond its initial equity purchase commitment. NVD will lease its facilities upon completion to YMY Ventures, LLC (see Note 5).

For the period from acquisition through September 30, 2018, NVD had only minimal startup and buildout operations, which were not apportioned to these financials statements as of September 30, 2018 due to immateriality. As of September 30, 2018, the condensed balance sheet of NVD is shown below:

Assets	$	1,282,541
Liabilities		-
Total equity	$	1,282,541

5. Due from Affiliates

In September 2018, the Company entered into an agreement to acquire 50% of the membership interest of YMY Ventures LLC (“YMY”). YMY is a startup operation located near Las Vegas, Nevada and owns a license for the production and sale of cannabis. The purchase price for the 50% interest is $750,000 with the first $375,000 paid into escrow upon signing, with the final $375,000 due upon closing, which under the agreement occurs when the license is transferred by the Nevada Department of Taxation and receipt of approval in transfer of ownership by the Division of Public and Behavioral Health of the City of North Las Vegas. As of September 30, 2018, the Company had funded the $375,000 into escrow and had provided the joint venture with additional funds primarily in the form of payments for work performed to acquire the license from the Nevada Department of Taxation in the amount of approximately $201,000. As of September 30, 2018 and the date of these financial statements, neither the license nor the transfer of membership interest had been issued or approved, however, the Company believes the license and transfer will be granted in FY 2019. In the event that no license is approved for transfer then the agreement automatically unwinds and the Company will receive the funds held in escrow and will have a claim for refund against YMY for amounts paid to obtain the license. Because of the automatic unwinding of the agreement in the event that the license grant or membership transfer are not approved, which are both outside the control of the Company and YMY, this has not been recorded as an equity method investment as of September 30, 2018, but as a due from affiliate. In the event of the failure of the license to be transferred, approximately $201,000 of the Company’s investment is at risk.

F-14

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

5. Due from Affiliates (continued)

In July 2018, the Company entered into an agreement to acquire a 25% interest in East Coast Packers LLC (“ECP”) for the purchase price of $1.5 million, payable in the amount of $500,000 in cash at closing and a note for $1 million. All amounts are payable to ECP. At the time of closing, ECP was a dormant Florida LLC, but owned a citrus fruit dealer license active for the 2015-2016 growing season. This qualified ECP under newly enacted legislation in the state of Florida to apply for a license to produce and sell medical cannabis. Until such time as ECP is granted a medical cannabis license, the $500,000 paid into ECP may only be expended by ECP in acquiring a medical cannabis license. As of September 30, 2018 and the date of these financial statements, no license had been granted, however, the Company believes the license will be issued in FY 2019. In the event that ECP is unable to obtain the medical license, the agreement unwinds in full, the membership interest is returned to the seller and all amounts paid in not expended on the acquisition of the license are to be refunded to the Company along with cancellation of the $1 million note. Because the issuance of the license is outside the control of the Company and ECP and because the agreement unwinds in full in the event the license is not issued, this has not been recorded as an equity method investment as of September 30, 2018, but as a due from affiliate. In the event of the failure to obtain the license the approximately $500,000 cash investment is at risk.

6. Notes Payable and Advances

Equipment financing

In November 2017, the Company entered into a promissory note in the amount of $21,749 from a vendor of the Company to finance the acquisition of a security electronics system in one of its properties. The promissory note bears an interest rate of 18% per annum and also contains a 10% servicing fee. The note matures 24 months after issuance and is secured by certain security electronics purchased with proceeds of the note. As of September 30, 2018, the obligation outstanding is $14,950.

Effective April 29, 2018, the Company entered into a 36-month premium finance agreement in consideration for a John Deere Gator Tractor in the principal amount of $15,710. The note bears no annual interest rate and requires the Company to make thirty-six monthly payments of $442 over the term of the note. As of September 30, 2018, the obligation outstanding is $13,717. No amount was recorded for the premium for the non-interest bearing feature of the note as it was immaterial. The note is secured by the equipment financed.

Effective May 29, 2018, the Company entered into a 24-month premium finance agreement in consideration for a MT85 wide track loader in the principal amount of $27,844.00. The note bears no annual interest rate and requires the Company to make 24 monthly payments of $1,160 over the term of the note. As of September 30, 2018, the obligation outstanding is $24,364. No amount was recorded for the premium for the non-interest bearing feature of the note as it was immaterial. The note is secured by the equipment financed.

Due to related parties

As of September 30, 2018, related parties had advanced cash and equipment, on a due on demand, unsecured and undocumented basis, to the Company in the amount of $33,600.

Insurance financing

In February 2018, the Company entered into a 10-month premium finance agreement in partial consideration for an insurance policy in the principal amount of $252,445. The note bears an annual interest rate of 5.75% and requires the Company to make ten monthly payments of $22,105 over the term of the note. As of September 30, 2018, the obligation outstanding is $66,314.

Effective March 2, 2018, the Company entered into a 10-month premium finance agreement in partial consideration for an insurance policy in the principal amount of $14,390. The note bears an annual interest rate of 5.75% and requires the Company to make ten monthly payments of $904 over the term of the note. As of September 30, 2018, the obligation outstanding is $2,712.

F-15

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

6. Notes Payable and Advances (continued)

Insurance financing (cont’d)

Effective July 31, 2018, the Company entered into a 9-month premium finance agreement in partial consideration for an insurance policy in the principal amount of $54,701.55. The note bears an annual interest rate of 7.99% and requires the Company to make nine monthly payments of $4,435 over the term of the note. As of September 30, 2018, the obligation outstanding is $31,047.

Short term notes and advances

The Company issued a $100,000 promissory note dated December 7, 2017 to an accredited investor which matured on March 7, 2018 and has an annual rate of interest at 24%. Both principal and interest is due at maturity. The promissory note ranks senior to all obligations not designated as a primary obligation by the Company. As an inducement to issue the promissory note, the Company granted the holder warrants to acquire 20,833 shares of the Company’s common stock. The warrants have an exercise price of $2.40 per underlying common share and are exercisable for 2 years from the anniversary date of issuance (see Note 6). This obligation was fully repaid on March 28, 2018.

The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:

Fair value of underlying common shares	$	2.40
Exercise price	$	2.40
Dividend yield		-
Historical volatility		181.4	%
Risk free interest rate		1.47	%

In September 2018, an investor interested in the then ongoing private placement of convertible notes (see below) advanced the Company $168,000 on an unsecured basis and then entered discussions with Company regarding the form of the note. As of September 30, 2018, the Company and the investor had not come to terms and the investor did not agree to the terms of the notes. The Company has treated the amount as an unsecured advance, due on demand. As of September 30, 2018 and the date of these financial statements, no demand had been made and the Company continues to negotiate with the investor.

Mortgages payable

On April 4, 2018, the Company executed a $314,000 mortgage payable on the Powell property to acquire additional funds. At closing $75,000 of the proceeds was put into escrow. The mortgage bears interest at 15% per annum. Monthly interest only payments began May 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on April 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The Company plaid costs of approximately $19,000 to close on the mortgage. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. The note has been cross guaranteed by the CEO and Director of the Company.

F-16

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

6. Notes Payable and Advances (continued)

Mortgages payable (continued)

On January 16, 2018 the Company consummated a “Contract for Sale” for a Farm Property in Mulino OR (the “Mulino Property”). The purchase price was $1,700,000 which was reduced by a rental credit of approximately $135,000 which is equivalent to nine months’ rent at $15,000 a month and an additional credit of $9,500 for additional work done on the property. In connection with the purchase of the property, the Company made a cash payment as down payment plus payment of closing costs in the amount of $370,637 and issued a promissory note in the amount of $1,200,000 with a maturity of January 2020. The Company will pay monthly installments of principal and interest (at a rate of 2% per annum) in the amount of $13,500, commencing in July 2018 through the maturity date (January 2020), at which time the entire unpaid principal balance and any remaining accrued interest shall be due and payable in full. No amount was recorded for the premium for the below market rate feature of the note as it was immaterial. The note is secured by a deed of trust on the property. The Company performed an analysis and determined that the rate obtained was below market, however, no premium was recorded as the Company determined it was immaterial.

Debt maturities for instruments with terms greater than 1 year as of September 30, 2018 are as follows:

Year:
2019	$	169,988
2020		1,909,446
2021		3,097
2022		-
	$	2,082,531

7. Convertible debt

The Company issued a $100,000 promissory note dated December 1, 2017 to an accredited investor which matured on March 1, 2018 and has an annual rate of interest at 24%. Both principal and interest is due at maturity. The promissory note ranks senior to all obligations not designated as a primary obligation by the Company. As an inducement to issue the promissory note, the Company granted the holder warrants to acquire 20,833 shares of the Company’s common stock. The warrants have an exercise price of $2.40 per underlying common share and are exercisable for 2 years from the anniversary date of issuance (see Note 6) and were valued at approximately $46,000 and amortized to interest expense over the life of the initial note. On March 1, 2018, pursuant to the First Amendment to Loan Agreement and Promissory note, the parties agreed to extend the maturity date on the note for one more year (see Note 10) which includes the following terms; (1) interest payment of $6,000 due from the original note is to be paid (2) interest rate decreases from an annual rate of 24% to 8% (3) the Company has the right to prepay the note combined with accrued interest at any time prior to maturity (4) the lender has the right to call the note together with accrued interest not less than 30 days written notice to the Company (5) at any time prior to maturity of the note, lender has the option to convert the indebtedness with accrued interest into the Company’s common stock at the rate of $2.40 a share (see Note 12). At issuance, the Company determined that there was no beneficial conversion feature. The Company considered the amendment an extinguishment, however, its determination was that the reduction in interest was offset by the inclusion of the conversion feature and therefore no gain or loss on extinguishment was required.

The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:

Fair value of underlying common shares	$	2.40
Exercise price	$	2.40
Dividend yield		-
Historical volatility		181.0	%
Risk free interest rate		1.45	%

F-17

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

7. Convertible debt (continued)

In May and June 2018, the Company issued senior unsecured convertible debentures totaling $1,500,000 to accredited investors which matures May 2019 (see Note 10) and has an annual rate of interest at 8%. Accrued interest is payable quarterly in arrears on the fifth day of each calendar quarter. Interest is payable either in cash or in common shares of the Company based on the average closing price of the Company’s common shares for the 20 trading days prior to the payment date. The principal is payable at the earlier to occur of: 1) five days after the company has received in aggregate at least five million of new equity investment since the date of this debenture; or 2) the maturity date. The debenture ranks senior to all obligations not designated as a primary obligation by the Company. At any time prior to maturity of the note, the holder has the option to convert the indebtedness with accrued interest into the Company’s common stock at the rate of $2.50 a share, with standard anti-dilution protection (see Note 12). At issuance, the Company determined that there was no beneficial conversion feature.

At September 30, 2018, the Company issued nine senior unsecured convertible debentures totaling $975,000 executed in September of 2018 to accredited investors which mature in March 2019 (see Note 10) and has an annual rate of interest at 8% and includes a beneficial conversion feature which allows the holder to convert the note into common stock at a conversion price of $2.50 per share. In connection with these convertible notes, the Company issued warrants expiring three years from the date of issuance which allows the holders to purchase 97,500 shares of common stock at 2.50 per share, with standard anti-dilution protection (see Note 12). Accrued interest is payable in cash or common stock based on the market price at the date of payment which is at the sole discretion of the Company. The Company may prepay the debenture in whole or part at any time without being required to pay any penalty or premium for such privilege. The obligation evidenced by this note is subordinate to all obligations which are specifically designated by Company as priority obligations and pari passu to all obligations not so designated. At issuance, the Company determined that, on a relative fair value basis, the warrants and beneficial conversion feature had a value of approximately $435,000, which is being amortized on the effective interest method over the life of the notes. As of September 30, 2018, two note holders had signed and been issued their notes, but had not yet tendered the cash to the Company in the amount of $150,000, which has been shown on the balance sheet as of September 30, 2018 as Note payable subscription receivable. The two holders funded their commitments in October 2018 and November 2018.

The significant assumptions used to value the warrants granted, apart from the relative fair value calculation, in the twelve months ended September 30, 2018 are as follows:

Fair value of underlying common shares	$	2.685
Exercise price	$	2.50
Dividend yield		-
Historical volatility		216.2	%
Risk free interest rate		2.7	%

The table below shows the net amount outstanding as of September 30, 2018, after unamortized discount under the convertible notes:

Convertible Notes, Net of Discount
$100,000 convertible promissory note	$	100,000
$1.5 million senior convertible promissory notes		1,500,000
$975,000 senior convertible promissory notes		975,000
Unamortized discount		(380,210	)
	$	2,194,790

F-18

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

8. Income Taxes

The income tax expense (benefit) consisted of the following for the fiscal year ended September 30, 2018 and 2017:

		September 30, 2018		September 30, 2017
Total current	$	-	$	-
Total deferred		-		-
	$	-	$	-

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit for the fiscal year ended September 30, 2018 and 2017:

	September 30, 2018			September 30, 2017
Federal statutory rate	$	(1,911,000	)	$	(934,000	)
State taxes, net of federal benefit		-			-
Effect of change in US Tax rates for deferral items		989,000			208,000
Other		44,000			-
Change in valuation allowance		878,000			726,000
	$	-		$	-

In the table above, the expected tax benefit is calculated at the 2017 statutory rate of 34%. The effect for temporary timing differences are also calculated at the 34% statutory rate effective for fiscal year ended September 30, 2018. Long-term temporary differences are calculated at the 25% statutory rate effective for years ending on or after December 31, 2018.

Significant components of the Company’s deferred tax assets and liabilities were as follows for the fiscal year ended September 30, 2018 and 2017:

	September 30, 2018			September 30, 2017
Deferred tax assets:
Net operating loss carryforwards	$	2,212,000		$	546,000
Equity based compensation		204,000			204,000
Impairment of loan receivable		75,000			75,000
Depreciation		-			6,000
Total deferred tax assets		2,491,000			831,000

Deferred tax liabilities
Depreciation		857,000			-
Deferred revenue		-			75,000
Total deferred tax liabilities		857,000			75,000

Net deferred tax assets		1,634,000			756,000
Less valuation allowance		(1,634,000	)		(756,000	)
Net deferred tax assets (liabilities)	$	-		$	-

At September 30, 2018, the Company had net operating loss carryforwards for federal and state income tax purposes of approximately $8,196,000. The federal and state net operating loss carryforwards will expire beginning in 2036.

During the fiscal year ended September 30, 2018 and 2017, the Company recognized no amounts related to tax interest or penalties related to uncertain tax positions. The Company is subject to taxation in the United States and various state jurisdictions. The Company currently has no years under examination by any jurisdiction.

F-19

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

9. Shareholders’ Equity

In 2016, the Company adopted a plan to allow the Company to compensate prospective and current employees, directors and consultants through the issuance of equity instruments of the Company. The plan has an effective life of 10 years. The plan is administered by the board of directors of the Company until such time as the board transfers responsibility to a committee of the board. The plan is limited to issuing common shares of the Company up to 15% of the total shares then outstanding. No limitations exist on any other instruments issuable under the plan. In the event of a change in control of the Company, all unvested instruments issued under the plan become immediately vested.

Preferred shares

The Company has two series of preferred shares designated with no preferred shares issued and outstanding as of September 30, 2018.

Common shares

On July 13, 2018, a meeting of the stockholders of the Company took place, and the stockholders adopted a resolution authorizing the Board of Directors, in its sole discretion, to amend the Company’s Articles of Incorporation to increase the number of authorized shares of Company Common Stock from 100,000,000 to 300,000,000.

The holders of common shares are not entitled to receive dividends at this time, however, are entitled to one vote per share at meetings of the Company.

Private placements

The Company received subscriptions in private placement offerings completed for the following shares for the twelve months ended September 30, 2018:

●	For the twelve months ended September 30, 2018, 2,688,834 common shares were issued at $2.40 per share to unaffiliated investors raising gross cash proceeds (including collection of $100,000 subscription receivable from September 30, 2017 – see below) of $6,560,941.

●	During the twelve months ended September 30, 2018, the Company began the process of registering shares of common stock for trading under the securities laws of Canada. As part of that process, certain founders were notified that they had to contribute additional amounts for their shares. In the twelve months ended September 30, 2018, two founders contributed an additional $9,933 towards their founders’ shares as part of the requirements of the securities regulators of Canada.

●	For the twelve months ended September 30, 2017, 50,000 common shares were issued at $0.15 per share to and unaffiliated investor raising gross cash proceeds of $7,500.

●	For the twelve months ended September 30, 2017, 1,362,363 common shares were issued at $2.40 per share to unaffiliated investors raising gross cash proceeds (not including $100,000 subscription receivable outstanding as of September 30, 2017) of $3,151,074. In addition, the Company collected on outstanding subscription receivables from the prior year of $1,170,000.

Subscription receivable

On September 27, 2017, the Company received a subscription for 41,667 shares in the amount of $100,000. The funds were received by the Company in October 2017.

F-20

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

9. Shareholders’ Equity (continued)

Common Stock issuances for compensation:

During the twelve months ended September 30, 2018, the Company entered into several consulting agreements, and as part of these agreements agreed to issue a total of 395,000 shares of common stock ranging in price between $1.95 and $2.40 per share in payment for consulting services provided to the Company. For issuances covering 250,000 shares, the Company capitalized the amounts to prepaid expense and amortized the expense over the period of the agreement.

During the twelve months ended September 30, 2018, as part of several employment contracts, the Company agreed to issue a total of 660,416 shares of common stock which were valued at $2.40 per share to employees and directors for services provided. Certain issuances contained vesting provisions and based on this, the Company is amortizing the fair value recorded over the vesting period. Included in the grant total above, grants for 150,000 shares contained deferral provisions, for which the Company recorded the gross amount of the grant to prepaid expense and is amortizing that cost over the deferral period.

As of September 30, 2018 the Company had remaining prepaid expense related to these issuances in the amount of $838,159 all of which will amortize to stock based compensation in the year ended September 30, 2019.

In the year ended September 30, 2017, the Company granted 250,000 shares of common stock to certain employees and consultants and valued the grants at $2.40 per share. The Company recorded stock-based compensation in the year ended September 30, 2017 in the amount of $600,000 for these issuances.

Option Issuances for compensation:

During the twelve months ended September 30, 2018, the Company entered into several employment agreements, and as part of these agreements agreed to issue a total of 1,660,416 options to purchase the common stock of the Company, with an exercise price of $2.40 per share and terms ranging between 3 to 4 years. As of September 30, 2018, options to acquire 40,416 lacked approval at the board level and were therefore not considered granted for US GAAP accounting purposes as of September 30, 2018. Pursuant to these agreements, 1,347,500 options have vested as of September 30, 2018. In total, the Company recorded employee compensation option expense of $3,013,470 as a result of these options in the twelve months ended September 30, 2018.

During the twelve months ended September 30, 2018, the Company entered into certain consulting agreements, and as part of that agreement for professional services, agreed to issue a total of 785,000 options to purchase the common stock of the Company, with all options having an exercise price ranging between $2.40 and $4.00 per share and terms ranging from 3 to 5 years. Pursuant to the agreements, 110,000 options have vested as of September 30, 2018. As a result of the issuance of these options, the Company recorded option-based consulting expense of $152,750 in the fiscal year ended September 30, 2018. For one of the option grants for 300,000 shares, the contract stipulated that the terms of the option were to be determined by the board of directors of the Company. As of September 30, 2018, the board had not stipulated the terms for the award and therefore the award was not considered as granted for US GAAP accounting purposes.

During the twelve months ended September 30, 2017, the Company entered into three separate consulting agreements, and as part of those agreements for professional services, agreed to issue a total of 400,000 options to purchase the common stock of the Company, with an exercise price of $2.40 per share and a term of 4 years. Pursuant to the first agreement to issue options to acquire a total of 200,000 of the Company’s common stock, options to acquire 100,000 shares vested immediately, options to acquire 50,000 shares that vest 6 months upon a registration statement being declared effective in which the underlying shares to the options are registered and the final option to acquire 50,000 shares vests 1 year after a registration statement is declared effective in which the underlying shares to the option are registered connection with the execution of a consulting agreement. Pursuant to the second consulting agreement, 100,000 options vested immediately and pursuant to the third consulting agreement, one third of option to acquire the 100,000 options vests immediately and the remaining two thirds vest monthly for the next 30 months which equals 2,222 a month. In the third consulting agreement, the Company agreed to issue options for a total of 100,000 shares of stock of the Company, with immediately vesting of all underlying shares, for consulting and professional services.

F-21

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

9. Shareholders’ Equity (continued)

Option Issuances for compensation (continued)

In total, the Company recorded stock-based compensation expense to the consultants of approximately $562,000 as a result of these options in the twelve months ended September 30, 2017. In the year ended September 30, 2018, for option grants that had not yet vested as of September 30, 2017, the Company recorded additional compensation expense of $210,942.

During the period ended September 30, 2017, the Company entered into two separate employment agreements, both dated June 1, 2017, with the Company’s CEO and CFO, respectively. As part of those agreements, the Company agreed to issue a total of 150,000 options to purchase the common stock of the Company, with an exercise price of $2.40 per share and a term of 3 years. Pursuant to these agreements, 150,000 shares vested immediately. In total, the Company recorded stock-based compensation expense to the officers of $276,000 as a result of these options for the twelve months ended September 30, 2017.

During the year ended September 30, 2017, the Company entered into agreements to engage two additional board members. As part of their engagement packages, the Company offered to the two options to acquire 100,000 shares of common stock of the Company, with an exercise price of $2.40 per share and term of 1 year. The options vest 12,500 per quarter over four quarters from the date of issuance. In total the Company recorded stock-based compensation expense of approximately $37,000 in the year ended September 30, 2017.

The significant assumptions used to value the options granted in the twelve months ended September 30, 2018 and 2017 are as follows:

	For fiscal years ended September 30,
	2018			2017
Fair value of underlying common shares	$	2.23 to $4.00		$	2.40
Exercise price	$	2.40 to $4.15		$	2.40
Dividend yield		0.0	%		0	%
Historical volatility		179% to 349	%*		98.8% to 204	%*
Risk free interest rate		1.975% to 2.91	%		1.16% to 1.93	%

* the Company has used the historic volatility of the average of a basket of 6 companies engaged in providing both ancillary type services and direct production and sale to the cannabis industry as an approximation of its expected volatility.

A summary of the change in stock purchase options outstanding for the period ended September 30, 2018 and 2017 is as follows:

						Weighted		Remaining
						Average		Contractual
	Options			Exercise		Grant Date		Life
	Outstanding			Price		Fair Value		(Years)
Balance – September 30, 2016		-		$	-		-		-
Options issued		650,000			2.40	$	1.88		2.76
Options expired/cancelled		-			-		-		-
Options exercised		-			-		-		-
Balance – September 30, 2017		650,000			2.40		1.88		2.76
Options issued		2,105,000			2.59		2.44		3.02
Options expired/cancelled		(10,000	)		2.40		-		-
Options exercised		(160,000	)		2.40		-		-
Balance – September 30, 2018		2,585,000		$	2.55	$	2.31		2.79

F-22

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

9. Shareholders’ Equity (continued)

Option Issuances for compensation (continued)

The following table shows information on our vested and unvested options outstanding during the years ended September 30, 2018 and 2017:

						Average		Contractual
	Options			Exercise		Grant Date		Life
	Outstanding			Price		Fair Value		(Years)
Balance – September 30, 2016, unvested		-		$	-	$	-		-
Options issued		650,000			2.40		1.88		2.76
Options vested		(423,889	)		2.40		1.93		2.97
Options expired/cancelled		-			-		-		-
Balance – September 30, 2017, unvested		226,111			2.40		1.78		2.36
Options issued		2,105,000			2.59		2.44		3.02
Options vested		(1,609,164	)		2.68		2.39		3.0
Options expired/cancelled		(10,000	)		-		-		-
Balance – September 30, 2018, unvested		711,947		$	2.92	$	2.87		3.49

All options outstanding had no intrinsic value as of September 30, 2018 and 2017.

Warrants issued for compensation and debt related issuance

The Company issued warrants to acquire 139,166 shares of the Company’s common stock during the year ended September 30, 2018 in connection with promissory notes and convertible promissory notes issued (see Note 6).

In the year ended September 30, 2018 the Company issued a consultant a warrant to acquire 20,000 shares of its common stock as part of the compensation package within the consulting agreement. The warrant was issued with an exercise price of $2.40 per share and a term of 2 years.

The following table shows the warrants outstanding as of September 30, 2018:

	Warrants
	Outstanding
Balance – September 30, 2017		-
Warrants issued		159,166
Warrants expired/cancelled		-
Warrants exercised		-
Balance – September 30, 2018		159,166

F-23

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

10. Commitments and contingencies

As noted earlier in Note 1, the Company, through entities it invests in and is negotiating to acquire (see below) will be in the near future engaging in a business that constitutes an illegal act under the laws of the United States Federal Government. This raises several possible issues which may impact the Company’s overall operations, not the least of which are related to traditional banking and other key operational risks. Since cannabis remains illegal on the federal level, and most traditional banks are federally insured, those financial institutions will not service cannabis businesses. In states where medical or recreational marijuana is legal, dispensary owners, manufacturers, and anybody who “touches the plant”, continue to face a host of operational hurdle. While local, state-chartered banks and credit unions now accept cannabis commerce, there remains a reluctance by traditional banks to do business with them. Aside from a huge inconvenience and the need to find creative ways to manage financial flow, payroll logistics, and payment of taxes, this also poses tremendous risks to controls as a result of operating a lucrative business in cash. This lack of access to traditional banking may inhibit industry growth.

Despite the uncertainties surrounding the Federal government’s position on legalized marijuana, the Company does not believe these risks will have a substantive impact on its planned operations in the near term.

In July 2016, the Company entered into a 10-year lease for a commercial building from an unrelated third party in Springfield, Oregon. At the time the original lease was entered into, the Company had expected to close on significant subscriptions from its private placement. However, when those did not immediately materialize, the Company entered into an agreement with the landlord to cancel the lease and in addition, paid the landlord $15,000 not to rent out the property until such time the Company could enter into a new lease. In September 2016, the Company entered into a new 10-year lease with the landlord that commenced in November 2016. The lease requires the Company to pay a base rental fee of $7,033 plus an additional estimated $315 per month in real estate taxes in which the base rental fee escalates each year by approximately 2%. All taxes (including reconciling real estate taxes), maintenance and utilities are included at the end of each year as a one-time payment. In addition, the Company also remitted $14,000 for a security deposit to the landlord. No amounts have been recorded for deferred rent in these financial statements as the amount was deemed immaterial by the Company. The Company has subleased this space pursuant to a 10-year lease. On February 22, 2018, both parties executed a lease addendum that adds contiguous property for 12,322 square feet. The term commences November 1, 2017 and continues through November 31, 2026 at a rate of $3,525 a month that escalates after the first year. The Company subleases this property to a related party (see disclosures below under “Springfield Suites”). As of September 30, 2018, the total subrental income to be received by the Company over the life of the sublease is approximately $8.9 million.

In March 2018, the Company entered into a 3-year lease for the occupancy of the Company’s corporate office located in Boca Raton, Florida. The lease requires the Company to pay a base rental fee of $3,024 per month with yearly increases thereafter. All taxes, maintenance and utilities are billed separately.

During the twelve months ended September 30, 2018, the Company incurred total rent expense of $210,231. As of September 30, 2018, the Company has recorded a long-term asset for the straight lining of rent under the rental leases to the cannabis operators of approximately $1,442,335. As of the date of these financial statements, the Company is in negotiations to acquire the entities that lease its properties (see below).

The following table includes our commitment under this lease and its amendment over the following five years as of September 30, 2018 (excluding amounts receivable under the sublease with a related party described below):

Year:
2019	$	167,788
2020		188,795
2021		173,525
2022		160,665
Thereafter		698,716
	$	1,389,489

F-24

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

10. Commitments and contingencies (continued)

In August 2016, the Company and certain shareholders of the Company entered into a “Multi Party” Agreement, in which the Company became obligated to lease or acquire three separate real estate assets, and separately, if certain events occur, additional real estate assets held by entities related to those shareholders. The Agreement also gives the Company the right of first refusal in regard to certain properties owned by the persons and entities affiliated with the parties of the Agreement so long as certain targets are met.

Certain shareholders of the Company have organized entities that operate directly in the cannabis industry, and the Company leases its properties to these entities. In addition, the Multi Party Agreement has requirements for the purchase of certain properties from the related parties to the agreement upon certain milestones being reached (see Note 12). The Multi Party Agreement also requires that in the event that the US Government amends Title 21 of the United States Code, otherwise known as the Controlled Substances Act, to remove cannabis as a Schedule I drug, and the Company raises more than $10 million in equity and merger funding, the Company is required to enter into agreements to acquire those related entities and issue such equity that the shareholders of the related entities obtain 75% of the then issued and outstanding equity of the Company, regardless of the profitability or financial condition of the related entities at the time of their acquisition. At the time of these financial statements, the Company was in negotiations with these entities to amend the multiparty agreement in order to acquire the Company’s prior to removal of cannabis from Schedule 1 of the Act. The Company believes the acquisition of these entities will become probable in the near future in FY 2019.

On July 16, 2018, the Company began trading its common stock under the ticker symbol “STEM” on the Canadian Securities Exchange (the “CSE”).

Property Rental Agreements

All of the income leases below are to entities that are related to the Company through common ownership.

1027 Willamette

In July 2017, the Company entered into an operating lease agreement with a marijuana dispensary (the “Lessee”) to move into the Company’s acquired property located at 1027 Willamette Street in Eugene, Oregon. The lease agreement is for a base term of ten years (see note below) and a monthly rent obligation of $13,800, subject to annual increases of 3% per year, plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. The Company provided the tenant with one month of free rent.

Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for one five-year term, on the same terms as provided in the lease agreement.

Springfield

In July 2017, the Company entered into a lease agreement for its property and warehouse building located at 800 N 42^nd street in Springfield, Oregon. The lease agreement is for a term of ten years (see note below) and a monthly rent obligation of $64,640, subject to annual increases of 3% per year plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. Rent payments commence on the date the growing season ends, which the Company currently estimates will occur in September 2018, and thus expects payments to begin in January 2019. The Company has treated this period as a free rental period for accounting purposes.

Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.

F-25

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

10. Commitments and contingencies (continued)

Property Rental Agreements (continued)

14336 S. Union Hall Road, Mulino

In July 2017, the Company entered into a lease agreement for its property located at 14336 South Union Hall Road in Mulino, Oregon. The lease agreement is for a term of ten years (see note below) and a monthly rent obligation of $18,750, subject to annual increases of 3% per year plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. Rent payments will begin at the of the first growing season, which the Company currently estimates will occur in September 2018, and thus payments will commence in March 2019. The Company expects to treat such period as a free rental period for accounting purposes. At the time rental payments begin, the total of base rent and additional rent will not be less than $1.00 per foot for light assisted greenhouse and $.25 per usable square foot for un-light assisted greenhouse or outdoor grow space.

Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.

7827 SE Powell

In July 2017, the Company entered into a lease agreement for its acquired property located at 7827 SE Powell Blvd. in Portland, Oregon. The lease agreement is for a term of ten years and a monthly rent obligation of $6,523, subject to annual increases of 3% per year. Maintenance and real property taxes to be paid by the Tenant and insurance paid by the Company. Additional rents will be added to pay landlord back for tenant improvements by the end of the first term of the lease, payments will include annual interest at 12% compounded monthly. Rent payments commence on the date the growing season ends, which the Company currently estimates will occur in February 2019, and thus expects payments to begin in November 2018. The Company has treated this period as a free rental period for accounting purposes.

Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.

The following table shows the expected net rental payments to be received under the leases noted above as of September 30:

Year:
2019	$	789,845
2020		1,275,532
2021		1,313,928
2022		1,353,466
Thereafter		9,569,105
	$	14,301,876

11. Merger of Patch International, Inc.

In November 2016, the Company entered into an agreement to acquire 100% of the issued and outstanding shares of Patch International, Inc. (“Patch”). In order to close the transaction, Patch was required to submit for approval to certain Canadian government courts, hold a general meeting of its shareholders and have the shareholders vote to approve the merger, and certain other customary requirements. As of the time of the agreement, Patch did not have any operations, and is considered a dormant entity. The Company issued shares of its common stock based on a price of $2.40 per common share, with the number of shares issued based on the amount of cash held at the time of closing of the transaction, converted from Canadian dollars into US dollars. In addition, the Company has agreed to issue to Patch shareholders additional shares at the same $2.40 per share in the event that the Company collects on a fully reserved receivable in the amount of $500,000 owed to Patch by a related party. As of the date of the acquisition and of these financial statements, the Company considers the receivable uncollectible (as did Patch, which reserved 100% of the outstanding receivable in its audited financial statements) and does not anticipate issuing additional shares for its collection.

On January 20, 2017, the Patch Shareholders held their general meeting and they voted to be acquired by the Company. On January 23, 2017, the Company issued 1,048,762 of its shares to acquire 100% of the issued and outstanding shares of Patch for consideration in the amount of $2,452,058. Two shareholders, representing less than 2% of Patch shares outstanding have chosen to not vote for the merger. Under Canadian law, the Company was required to purchase these shares for cash consideration in the amount $53,534.53 US dollars. The Company has treated the payment to acquire the dissenter shares as a reduction in the cash acquired.

The Company has not accounted for the acquisition of Patch as a business combination, but in essence as a private placement, because Patch was a dormant entity with its only asset being cash, with no liabilities (they were required to be fully extinguished prior to the completion of the merger), and with no operations other than incurred professional fees to remain a public entity in Canada.

F-26

Stem Holdings, Inc.

Notes to Consolidated Financial Statements

12. Subsequent events

In October 2018, the Company entered into an Asset Purchase Agreement (“APA”) to acquire certain assets and assume certain liabilities of Yerba Oregon, LLC. The purchase price for the assets and assumption of liabilities is the greater of $4.613 million or multiples of 2018 and 2019 EBITDA of Yerba Oregon LLC, as required under the APA. Payment of the purchase price is as follows upon successful closing of the APA: $350,000 in cash at closing, a promissory note in the amount of $400,000 and the remainder in common shares of the Company based on the lesser of 85% of the average closing price of the stock as traded in the over the counter market 30 days prior to closing or $2.40 per share. The Company deposited into escrow with an attorney, upon signing the APA, 1,931,506 shares of its common stock. Closing of the APA is subject to certain requirements, including the issuance of state and local licenses, which is outside the control of the Company and the seller, which as of the date of these financial statements, had yet to be issued. Yerba Oregon, LLC operates a wholesale cannabis production and sales operation.

The brokered portion of the Offering (C$2,247,000) was completed by a syndicate of agents (collectively, the “Agents”). The Company paid the Agents a cash commission equal to 7.0% of the gross proceeds raised in the first tranche of the brokered portion of the Offering. As additional consideration, the Company issued the Agents such number of non-transferable broker convertible debenture special warrants (the “Broker CD Special Warrants”) as is equal to 7.0% of the number of CD Special Warrants sold under the first tranche of the brokered portion of the Offering. Each Broker CD Special Warrant shall be exchanged, on the same terms as the CD Special Warrants, into broker warrants of the Company (the “Broker Warrants”). Each Broker Warrant entitles the holder to acquire one Convertible Debenture Unit at an exercise price of C$1,000, until the date that is 24 months from the closing date of the Offering. The distribution of the Broker Warrants issuable upon the exchange of the Broker CD Special Warrants shall also be qualified under the Qualification Prospectus and the resale of the common shares underlying the Broker Warrants will be registered under the Registration Statement. The Company also paid the lead agent a corporate finance fee equal to C$100,000, payable as to C$50,000 in cash and as to $50,000 in common shares of the Company at a price per share of C$3.00.

In October 2018, the Company issued an inducement offer to the holders of its convertible debentures such that the Company agreed to reduce the conversion price to $1.80 per share if the holders agreed to convert immediately. All holders of the convertible notes agreed to the inducement. As of the date these financial statements, the Company had issued 1,152,568 shares of its common stock in satisfaction of the conversion with another approximately 280,000 shares issuable.

In November and December 2018, the Company determined that Milestone’s 2 and 3 had been reached within the Multi-Party agreement (see Note 10) and therefore had issued 457,191 shares of its common stock in satisfaction of the requirement to issue common shares covering 20% of the cash expended by the seller to purchase and improve the property and is currently negotiating with the owner of the property, a director of the Company, in regards to an allocation of cash and mortgage principal in satisfaction of the purchase price of $4.395 million required, which the Company expects to close on in March 2019.

From October 1, 2018 through the date of these financial statements, the Company issued 425,000 shares of its common stock in satisfaction of compensation provisions within certain consulting agreements.

In November 2018, consultants exercised outstanding options and acquired 187,500 shares of the Company’s common stock.

In November 2018, a board member of the Company and several outside investors provided the Company with $3.5 million in cash to be dispensed to an entity being setup by the Company, and which has yet to open a checking account, which will be primarily owned and controlled by the board member, upon that entity completing its setup and opening up of a checking account.

In October and November 2018, the Company was advanced $270,000 by NVD in order to disperse those funds to its contractors for its buildout. As of the date of these financial statements, the funds were fully dispersed by the Company to the contractors of NVD.

F-27

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

None

ITEM 9A. CONTROLS AND PROCEDURES.

(a) Disclosure Controls and Procedures

We are required to maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer (also our principal executive officer) and our chief financial officer (also our principal financial and accounting officer) to allow for timely decisions regarding required disclosure.

Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company’s management, including the Company’s Chief Executive Officer (“CEO”) (the Company’s principal executive officer) and Chief Financial Officer (“CFO”) (the Company’s principal financial and accounting officer), has evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures were not effective as of September 30, 2018 to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure. The principal basis for this conclusion is the lack of segregation of duties within our financial function and the lack of an operating Audit Committee.

(b) Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, the company’s principal executive and principal financial officers and effected by the company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that:

●	Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;

●	Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and

●	Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.

We carried out an assessment, under the supervision and with the participation of our management, including our CEO and CFO, of the effectiveness of the design and operation of our internal controls over financial reporting, as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as of September 30, 2018. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control — Integrated Framework (2013). Based on that assessment and on those criteria, our CEO and CFO concluded that our internal control over financial reporting was not effective as of September 30, 2018. The principal basis for this conclusion is (i) failure to engage sufficient resources in regards to our accounting and reporting obligations during our startup and (ii) failure to fully document our internal control policies and procedures.

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only the management’s report in this annual report.

There have not been any changes in the Company’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) under the Exchange Act) during the fiscal period to which this report relates that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

The Company’s management, including the Company’s CEO and CFO, does not expect that the Company’s internal control over financial reporting will prevent all errors and all fraud. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree or compliance with the policies or procedures may deteriorate.

ITEM 9B. OTHER INFORMATION.

None.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Our Directors and Executive Officers

Set forth below is certain biographical information concerning our current executive officers and directors.

Our executive officers and directors, and their ages, positions and offices with us are as follows:

Name	Age	Position with the Company

Adam Berk	41	Chief Executive Officer, President and Director
Steven Hubbard	71	Chief Financial Officer, Secretary and Director
Garrett M. Bender	58	Director
Lindy Snider Rajiv Rai Jessica Michelle Feingold	58 48 35	Director Director General Counsel and Director

Adam Berk (41)

Mr. Berk has been a director, President and Chief Executive Officer of the Company since its inception in June 2016. From January 2013 until January 2015 Adam was the CEO of HYD For Men, an artisanal men’s grooming company that patented the first solution to extend the life of a razor blade by 400%. HYD For Men is currently sold at HSN, Walgreens, Bed Bath & Beyond, Drugstore. com, Birchbox, GiantEagle, Meijers, and Kinney Drugs. Recently, HYD For Men was acquired by Lucas Investment Group. From January 2015 until January 2017 Adam was the Co-President of Consolidated Ventures of Oregon a Cannabis holding company. Mr. Berk’s experience as a founder and principal executive of several start-up companies and skills associated therewith led to the conclusion that he should serve as an executive and director of the Company. From 2002 through 2013, Mr. Berk was employed with Osmio, Inc. (currently GrubHub, an Aramark subsidiary), the first patented web-based corporate expense management system that concentrated on food ordering for law firms, investment banks and consulting firms. He served as chief executive of Osmio from 2002-2007.

Steven Hubbard (71)

Mr. Hubbard has served as Chief Financial Officer, Secretary and a member of the Board of Directors of the Company since its inception in June 2016. He served as Chief Financial Officer and Secretary of Diego Pellecer, Inc., a cannabis-related real estate company From April 2013 through September 2013 and Chief Financial Officer and Secretary of Diego Pellicer Worldwide, Inc. (a publicly reporting company) from September 2013 through December 2014. He served as Chief Financial Officer of Kind Care LLC DBA TJ’s Organic Garden from December 2014 through August 2015 and has been Chief Financial Officer of Consolidated Ventures of Oregon, Inc. since August 2015. Commencing several years prior to April 2013, Mr. Hubbard served as a outside management consultant to several early stage companies, primarily providing financial services. Mr. Hubbard’s experience as a founder and principal executive of several start-up companies, his experience as an auditor with Arthur Andersen & Co prior to 2012 and the skills associated therewith led to the conclusion that he should serve as a director of the Company.

Garrett M. Bender (57)

Mr. Bender has served as a member of the Board of Directors of the Company since its inception in June 2016. He is the Principal and Co-Founder of Ascot Development LLC, a real estate development firm, which commenced operations in 2003. He has guided Ascot through numerous acquisition and sale transactions and strategically manages Ascot’s land portfolio. Mr. Bender’s experience as a founder and principal executive of several start-up companies and the sales and marketing skills associated therewith led to the conclusion that he should serve as a director of the Company.

Lindy Snider (57)

Ms. Snider has served as a member of the Board of Directors of the Company since its inception in June 2016. She is the founder and for over five years has been CEO of Lindi Skin, the first full line of skin care products for cancer patients. This botanically based skin care line serves the special needs of individuals undergoing cancer treatment and is found in most major cancer centers in the U.S.

Ms. Snider is an active investor in cannabis related businesses. Focused on new business development, brand marketing and investing, Ms. Snider identifies and helps develop innovative companies in the space. She is a passionate entrepreneur and a champion of both start-ups and women-owned businesses. She serves on the following boards and advisories: Sqor.com, Greenhouse Ventures, Intiva, Blazenow, Kind Financial, Elevated Nation, as well as the following philanthropic boards: Fox Chase Cancer Foundation, Cancer Forward, Philadelphia Orchestra, PSPCA, Schuylkill Center for Environmental Education, National Museum of American Jewish History, The Middle East Forum, Shoah Foundation’s Next Generation Council, The Ed Snider Youth Hockey Foundation, and The Snider Foundation. Ms. Snider’s experience as a founder and principal executive of several start-up companies and her service as an independent director of several for-profit and charitable organizations and the skills associated therewith led to the conclusion that she should serve as a director of the Company.

Rajiv “Roger” Rai (48)

Mr. Rai was appointed a director of the Company in May 2018. In his capacity as Special Advisor to the Chairman at Rogers Communications, Roger Rai advises Edward Rogers, who is the representative controlling shareholder of Rogers Communications (TSX:RCI.b), on business development, revenue development, partnership development, talent development and sports. Previously, Roger was the Managing Director for E.S. Rogers Enterprises from 2004 to 2018. In that capacity, he gained extensive experience in strategic management services, including business processes assessment and advisory services.

Roger is currently the President of R3 Concepts Inc., a consulting and investments company located in Toronto, Canada. Since 2012, he has also served as an advisor to Chobani, Inc., a retail food services company.

From 2010 to 2016, Roger was the Vice President, Business Development, Keek Inc. (TSXV:KEK). In this capacity, Roger was responsible for all new business and partnership development at the Company.

Before Keek Inc., Roger was the Director of Development at C.O.R.E. Feature Animation, a Company that produced the children’s animation movie “The Wild.” He was the Founder and VP, Business Development of Fastvibe Inc., a web-streaming equipment and services company located in To ronto. Roger also held various managerial positions at Rogers Cable Systems and Rogers Wireless, one Canada’s largest Communications.

Roger sits on the Board of Directors for CONSTANTINE Enterprises Inc., a privately held real estate Company based in Toronto, with operations in Canada and the Bahamas.

He is one of the founders and on the Board of Directors for the ONEXONE Foundation, a charitable organization focused on global child welfare.

Roger holds a Bachelor of Arts from the University of Western Ontario and lives in Toronto.

Jessica Michelle Feingold (35)

Jessica Michelle Feingold is General Counsel and a member of the Company’s Board of Directors, having been appointed to these positions in March 2018. She is an attorney at Law qualified to practice in the States of Florida, Texas and Colorado and the District of Columbia.

Ms. Feingold has been Of Counsel to McAllister Garfield, P.C. in Denver, CO since May 2015 and served as General Counsel of Medically Correct, LLC d/b/a Incredibles from December 2016 to February 2018. She was the Owner and a Consultant with E & F Epstein Feingold Consulting Group, LLC operating in Arizona and Florida from June 2014 through April 2015. She served as Associate General Counsel of the Florida State Trust from December 2013 through June 2014 and as an Associate Attorney with Akerman LLP in Miami, FL from April 2012 through April 2013.

She attended The George Washington University and received a Bachelor of Arts degree from the University of Miami. She later received a Juris Doctor degree from the Shephard Broad Law Center at Nova Southeastern University and a Master of Laws degree in Real Property development from the University of Miami School of Law.

All of our directors hold office until the next annual meeting of stockholders and until their respective successors have been elected or qualified. Officers serve at the discretion of the board of directors. There are no family relationships among our directors or executive officers. There is no arrangement or understanding between or among our officers and directors pursuant to which any director or officer was or is to be selected as a director or officer, and there is no arrangement, plan or understanding as to whether non-management stockholders will exercise their voting rights to continue to elect the current board of directors.

None of our directors and executive officers have during the past five years:

	●	had any bankruptcy petition filed by or against any business of which he was a general partner or executive officer, either at the time of the bankruptcy or within two years prior to that time;

	●	been convicted in a criminal proceeding and is not subject to a pending criminal proceeding;

	●	been subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities, futures, commodities or banking activities;

	●	or been found by a court of competent jurisdiction (in a civil action), the Securities Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.

Committees of the Board of Directors

Our Company has three committees of its Board of Directors—(a) Nominating and Governance Committee (b) a Management Compensation Committee and (c) an Audit Committee. The Board of Directors has approved charters for each committee. The Audit Committee is currently composed of: Rajiv Rai, Chairman and Steven Hubbard. Mr. Rai is an independent director. Mr. Hubbard and Mr. Rai are each considered financially literate. The Company is currently in the process of adding additional independent board members who will also be members of the Audit Committee. The relevant education and experience of the members of the Audit Committee is detailed above. The Board has yet to make appointments to the other Board committees, neither of which has met as of the date of this report.

Compensation Committee Interlocks and Insider Participation

None of our executive officers serves as a member of the Board of Directors or compensation committee of any other entity that has one or more of its executive officers serving as a member of our Board of Directors.

Section 16(a) Beneficial Ownership Reporting Compliance

Pursuant to Section 16(a) of the Exchange Act and the rules thereunder, the Company’s executive officers and directors and persons who own more than 10% of a registered class of the Company’s equity securities are required to file with the SEC reports of their ownership of, and transactions in, the Company’s common stock.

ITEM 11. EXECUTIVE COMPENSATION.

The following is a summary of the compensation we paid for each of the last two years ended September 30, 2018 and 2017, respectively (i) to the persons who acted as our principal executive officer during our fiscal year ended September 30, 2018 and (ii) to the person who acted as our next most highly compensated executive officer other than our principal executive officer who was serving as an executive officer as of the end of our last fiscal year.

Name and Principal Position	Year		Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation		Non-Qualified Deferred Compensation Earnings ($)		All other Compensation ($)		Total ($)
Adam Berk		2018	$	220,000		—		960,000		2,374,900		—		—		—		3,554,900
CEO		2017	$	—		—		240,000		92,000		—		—		—		332,000

Steven Hubbard		2018	$	60,000		—		240,000		652,500		—		—		—		952,500
CFO		2017	$	20,000		—		120,000		184,000		—		—		—		324,000

Garrett M. Bender		2018	$	—		—		—		117,350		—		—		—		117,350
Director		2017	$	—		—		—		56,000		—		—		—		56,000

Lindy Snider		2018	$	—		—		—		117,350		—		—		—		117,350
Director		2017	$	—		—		—		56,000		—		—		—		56,000

Rajiv Rai		2018	$	—		—		—		117,000		—		—		—		117, 000
Director		2017	$	—		—		—		—		—		—		—		—

Jessica Michelle Feingold		2018	$	112,500		—		25,000		97,500		—		—		—		235,000
Director and General Counsel		2017	$	—		—		—		—		—		—		—		—

OUTSTANDING EQUITY AWARDS

Grants of Plan-Based Awards

		Option Awards
Name	Grant Date Number of Securities Underlying Unexercised Options (#) Exercisable	Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)		Number of Securities Underlying Unexercised Options (#) Unexercisable (1)		Option Exercise Price ($)		Option Expiration Date
Adam Berk, CEO, Director	6/1/2017		-		50,000		2.40	5/31/2020
Adam Berk, CEO, Director	6/1/2018		-		50,000		2.40	6/1/2021
Adam Berk, CEO, Director	6/1/2018		-		1,000,000		2.40	6/1/2021
Adam Berk, CEO, Director	6/1/2018		-		50,000		2.40	6/1/2021
Steven Hubbard, CFO, Director	6/1/2017		-		100,000		2.40	5/31/2020
Steven Hubbard, CFO, Director	6/1/2018		-		100,000		2.40	6/1/2021
Steven Hubbard, CFO, Director	6/1/2018		-		100,000		2.40	6/1/2021
Steven Hubbard, CFO, Director	6/1/2018		-		100,000		2.40	6/1/2021
Garrett M. Bender, Director	6/1/2017		-		50,000		2.40	5/31/2021
Garrett M. Bender, Director	6/1/2018		-		50,000		2.40	6/1/2022
Lindy Snider, Director	6/1/2017		-		50,000		2.40	5/31/2021
Lindy Snider, Director	6/1/2018		-		50,000		2.40	6/1/2022
Rajiv Rai, Director	5/20/2018		-		50,000		2.40	4/30/2022
Jessica Michelle Feingold, Director and General Counsel	5/20/2018		-		50,000		2.40	2/14/2021

Equity Compensation Plan Information
Plan category	Number of securities to be issued upon exercise of outstanding options, warrants and rights(a)		Weighted-average exercise price of outstanding options, warrants and rights		Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a) (1)
Equity compensation plans approved by security holders		-		-		-
Equity compensation plans not approved by security holders		1,850,000		2.40		996,453
Total		1,850,000		2.40		996,453

(1) As of September 30, 2018

Warrants Issued to Management

Name

Grant Date

Number of
Securities
Underlying
Unexercised
Exercisable
Warrants

Warrant
Exercise
Price($)

Warrant
Expiration
Date

None

Total

Employment Agreements

Adam Berk—On June 1, 2017, the Company entered into an Employment Agreement for an initial term of one year, subject to automatic renewals for additional one-year periods until terminated, with the remaining term at all times being not less than one year. The Employment Agreement provides for a base salary of $10,000 per month. Mr. Berk also received a restricted stock grant of 100,000 shares of Company common stock and options to purchase 50,000 shares of Company common stock exercisable for a period of three years at an exercise price of $2.40 per share. At the end of the initial one-year term of the Employment Agreement, and assuming that the term is extended, Mr. Berk is entitled to receive an additional restricted stock grant of 100,000 shares of Company common stock and options to purchase 50,000 shares of Company common stock at the then market value, exercisable for a period of three years.

Steven Hubbard— On June 1, 2017, the Company entered into an Employment Agreement for an initial term of one year, subject to automatic renewals for additional one-year periods until terminated, with the remaining term at all times being not less than one year. The Employment Agreement provides for a base salary of $5,000 per month. Mr. Hubbard also received a restricted stock grant of 50,000 shares of Company common stock and options to purchase 100,000 shares of Company common stock exercisable for a period of three years at an exercise price of $2.40 per share. At the end of the initial one-year term of the Employment Agreement, and assuming that the term is extended, Mr. Hubbard is entitled to receive an additional restricted stock grant of 50,000 shares of Company common stock and options to purchase 100,000 shares of Company common stock at the then market value, exercisable for a period of three years.

Compensation of Directors

On June 1, 2018, each of the members of the Board of Directors received options to purchase 50,000 shares of Company Common Stock at $2.40 per share exercisable for a period of three years from the date of issuance. At this time, there is no other board of director compensation plan in place.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following table sets forth certain information with respect to the beneficial ownership of our voting securities by (i) any person or group owning more than 5% of any class of voting securities, (ii) each director, (iii) our chief executive officer and president and (iv) all executive officers and directors as a group as of January 7, 2017. Unless noted, the address for the following beneficial owners and management is 7777 Glades Road, Suite 203, Boca Raton, FL 33434.

Title of Class	Name and Address of Beneficial Owner	Amount and Nature of Beneficial Owner (1)		Percent of Class
Common Stock	Adam Berk (2)		1,864,866		12.1	%
Common Stock	Steven Hubbard (3)		568,333		3.9	%
Common Stock	Garrett M. Bender (4)		228,974		1.6	%
Common Stock	Lindy Snider (5)		141,666		1.0	%
Common Stock	Rajiv Rai (6)		50,000
Common Stock	Jessica Michelle Feingold (7)		60,416
Common Stock	All executive officers and directors as a group		2,914,255		18.0	%
Common Stock	Flying High Financial Corporation (5% holder) (8)		833,334		5.9	%

	(1)	In determining beneficial ownership of our Common Stock, the number of shares shown includes shares which the beneficial owner may acquire upon exercise of debentures, warrants and options which may be acquired within 60 days. In determining the percent of Common Stock owned by a person or entity on January 7, 2019, (a) the numerator is the number of shares of the class beneficially owned by such person or entity, including shares which the beneficial ownership may acquire within 60 days of exercise of debentures, warrants and options; and (b) the denominator is the sum of (i) the total shares of that class outstanding on January 7, 2019 (14,232,266 shares of Common Stock) and (ii) the total number of shares that the beneficial owner may acquire upon exercise of the debentures, warrants and options. Unless otherwise stated, each beneficial owner has sole power to vote and dispose of its shares.

	(2)	Includes 714,866 shares and options to purchase 1,150,000 shares.

	(3)	Includes 168,333 shares and options to purchase 400,000 shares

	(4)	Includes 128,974 shares and options to purchase 100,000 shares

	(5)	Includes 41,666 shares and options to purchase 100,000 shares

	(6)	Includes options to purchase 50,000 shares

	(7)	Includes 10,416 shares and options to purchase 50,000 shares

	(8)	The beneficial owner of Flying High Financial Corporation is Mark Groussman, President.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Related Party Transactions

Please refer to Financial Statement, Notes 5 and 6, which are incorporated in their entirety by this reference

Director Independence

As of January 7, 2018, of our six (6) directors, Garrett M. Bender, Lindy Snider and Rajiv Rai are considered “independent” in accordance with Rule 4200(a)(15) of the NASDAQ Marketplace Rules. The remaining three (3) directors are not considered “independent”.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Audit Fees

The aggregate fees billed by our principal accountant for the audit of our annual financial statements, review of financial statements included in the quarterly reports and other fees that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for the fiscal years ended September 30, 2018 and September 30, 2017, respectively, were approximately $89,577 and $65,000.

Tax Fees

No fees were billed for professional services rendered by our principal accountant for tax compliance, tax advice and tax planning for the fiscal years ended September 30, 2018 and 2017.

All Other Fees

There were no fees billed for other products or services provided by our principal accountant for 2018 or 2017.

PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

The following documents are filed as part of this 10-K:

1. FINANCIAL STATEMENTS

The following documents are filed in Part II, Item 8 of this annual report on Form 10-K:

	●	Report of L J Soldinger Associates, LLC, Independent Registered Certified Public Accounting Firm

	●	Consolidated Balance Sheets as of September 30, 2018 and 2017 (audited)

	●	Consolidated Statements of Operations for the year ended September 30, 2018 and September 30, 2017 (audited)

	●	Statements of Stockholders’ Equity for the years ended September 30, 2017 and September 30, 2017 (audited)

	●	Statement of Cash Flows for the years ended September 30, 2018 and September 30, 2017 (audited)

	●	Notes to Financial Statements (audited)

2. FINANCIAL STATEMENT SCHEDULES

All financial statement schedules have been omitted as they are not required, not applicable, or the required information is otherwise included.

3. EXHIBITS

The exhibits listed below are filed as part of or incorporated by reference in this report.

Exhibit No.		Identification of Exhibit

31.1		Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Stem Holdings, Inc.
	(Registrant)

	By:	/s/ Adam Berk
		Adam Berk
		Chief Executive Officer and Director (Principal Executive Officer)

	Date	January 14, 2019

	By:	/s/ Steven Hubbard
		Steven Hubbard
		Chief Financial Officer and Director
		(Principal Financial and Accounting Officer)

	Date	January 14, 2019

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the registrant and in the capacity and on the date indicated.

	By:	/s/ Adam Berk
		Adam Berk
		Chief Executive Officer and Director (Principal Executive Officer)

	Date	January 14, 2019

	By:	/s/ Steven Hubbard
		Steven Hubbard
		Chief Financial Officer and Director (Principal Financial and Accounting Officer)

	Date	January 14, 2019

	By:	/s/ Garrett M. Bender
		Garrett M. Bender
		Director

	Date	January 14, 2019

	By:	/s/ Lindy Snider
		Lindy Snider
		Director

	Date	January 14, 2019

	By:	/s/ Rajiv Rai
		Rajiv Rai
		Director

	Date	January 14, 2019

		/s/ Jessica Michelle Feingold
		Jessica Michelle Feingold
		Director and General Counsel

EX-31.1 2 ex31-1.htm

EXHIBIT 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

I, Adam Berk, certify that:

	1.	I have reviewed this Form 10-K for the period ended September 30, 2018 of Stem Holdings, Inc.;

	2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

	3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

	4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: January 14, 2019

/s/ Adam Berk
Adam Berk
Principal Executive Officer

EX-31.2 3 ex31-2.htm

EXHIBIT 31.2

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

I, Steven Hubbard, certify that:

	1.	I have reviewed this Form 10-K for the period ended September 30, 2018 of Stem Holdings, Inc.;

	2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

	3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

	4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: January 14, 2019

/s/ Steven Hubbard
Steven Hubbard
Principal Financial Officer

EX-32.1 4 ex32-1.htm

EXHIBIT 32.1

CERTIFICATIONS PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), the undersigned officer of Stem Holdings, Inc., a Nevada corporation (the “Company”), does hereby certify, to such officer’s knowledge, that:

The quarterly report on Form 10-K for the period ended September 30, 2018 (the “Form 10-K”) of the Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and the information contained in the Form 10-K fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: January 14, 2019

	/s/ Adam Berk
	Adam Berk
	Principal Executive Officer

A signed original of this written statement required by Section 906 has been provided to STEM HOLDINGS, INC. and will be retained by STEM HOLDINGS, INC. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2 5 ex32-2.htm

EXHIBIT 32.2

CERTIFICATIONS PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

Date: January 14, 2019

	/s/ Steven Hubbard
	Steven Hubbard
	Principal Financial and Accounting Officer

EX-101.INS 6 stemh-20180930.xml XBRL INSTANCE FILE 0001697834 2017-10-01 2018-09-30 0001697834 2017-09-30 0001697834 2016-09-30 0001697834 us-gaap:SeriesAPreferredStockMember 2017-09-30 0001697834 us-gaap:SeriesBPreferredStockMember 2017-09-30 0001697834 stemh:SellerMember 2017-02-06 0001697834 stemh:SellerMember 2017-02-04 2017-02-06 0001697834 2016-09-01 2016-09-30 0001697834 2016-07-31 0001697834 stemh:MultiPartyAgreementMember 2016-08-01 2016-08-31 0001697834 2016-10-30 2016-11-01 0001697834 2017-02-05 2017-02-06 0001697834 stemh:OperatingLeaseAgreementMember stemh:MarijuanaDispensaryMember 2017-07-01 2017-07-31 0001697834 stemh:LeaseAgreementMember stemh:SpringfieldMember 2017-07-01 2017-07-31 0001697834 stemh:LeaseAgreementOneMember 2017-07-01 2017-07-31 0001697834 stemh:LeaseAgreementTwoMember 2017-07-01 2017-07-31 0001697834 2017-09-27 0001697834 2017-09-25 2017-09-27 0001697834 2018-09-30 0001697834 us-gaap:SeriesAPreferredStockMember 2018-09-30 0001697834 us-gaap:SeriesBPreferredStockMember 2018-09-30 0001697834 2016-10-01 2017-09-30 0001697834 stemh:BuildingsMember 2017-10-01 2018-09-30 0001697834 us-gaap:LeaseholdImprovementsMember 2017-10-01 2018-09-30 0001697834 stemh:FurnitureandEquipmentMember 2017-10-01 2018-09-30 0001697834 stemh:SignageMember 2017-10-01 2018-09-30 0001697834 stemh:SoftwareAndRelatedMember 2017-10-01 2018-09-30 0001697834 stemh:AutomobileMember 2018-09-30 0001697834 stemh:SignageMember 2018-09-30 0001697834 stemh:FurnitureandEquipmentMember 2018-09-30 0001697834 us-gaap:LeaseholdImprovementsMember 2018-09-30 0001697834 stemh:BuildingsAndPropertyImprovementsMember 2018-09-30 0001697834 stemh:SoftwareAndRelatedMember 2018-09-30 0001697834 stemh:PromissoryNoteMember 2017-11-30 0001697834 stemh:AccreditedInvestorMember 2017-12-07 0001697834 stemh:AccreditedInvestorMember 2017-12-06 2017-12-07 0001697834 stemh:AccreditedInvestorMember 2017-12-01 0001697834 stemh:PromissoryNoteMember 2017-11-29 2017-11-30 0001697834 stemh:UnaffiliatedInvestorsMember us-gaap:CommonStockMember 2017-10-01 2018-09-30 0001697834 stemh:UnaffiliatedInvestorsMember us-gaap:CommonStockMember 2018-09-30 0001697834 stemh:ConsultingAgreementMember 2017-10-01 2018-09-30 0001697834 stemh:OptionsMember 2017-10-01 2018-09-30 0001697834 stemh:TenMonthPremiumFinanceAgreementMember stemh:NotesPayableTwoMember 2018-02-28 0001697834 stemh:TenMonthPremiumFinanceAgreementMember stemh:NotesPayableTwoMember 2018-02-27 2018-02-28 0001697834 us-gaap:LandMember 2018-09-30 0001697834 stemh:FirstAmendmentToLoanAgreementAndPromissoryNoteMember srt:MaximumMember 2018-02-26 2018-03-01 0001697834 stemh:FirstAmendmentToLoanAgreementAndPromissoryNoteMember 2018-03-01 0001697834 stemh:FirstAmendmentToLoanAgreementAndPromissoryNoteMember srt:MinimumMember 2018-02-26 2018-03-01 0001697834 stemh:TenMonthPremiumFinanceAgreementMember stemh:NotesPayableThreeMember 2018-03-02 0001697834 stemh:TenMonthPremiumFinanceAgreementMember stemh:NotesPayableThreeMember 2018-02-25 2018-03-02 0001697834 stemh:TenMonthPremiumFinanceAgreementMember stemh:NotesPayableTwoMember 2018-09-30 0001697834 stemh:ContractForSaleMember stemh:MulinoPropertyMember 2018-01-15 2018-01-16 0001697834 stemh:ContractForSaleMember stemh:MulinoPropertyMember 2018-01-16 0001697834 stemh:ContractForSaleMember 2018-01-15 2018-01-16 0001697834 stemh:ContractForSaleMember 2018-01-16 0001697834 stemh:ContractForSaleMember stemh:JulyTwoThousandAndEighteenMember 2018-01-15 2018-01-16 0001697834 stemh:WillamettePropertyMember 2018-02-27 2018-02-28 0001697834 stemh:WillamettePropertyMember 2018-02-28 0001697834 stemh:WillamettePropertyMember 2017-10-01 2018-09-30 0001697834 stemh:TwoFoundersMember 2017-10-01 2018-09-30 0001697834 2018-02-21 2018-02-22 0001697834 2018-02-22 0001697834 2018-01-01 2018-01-31 0001697834 stemh:TenMonthPremiumFinanceAgreementMember stemh:NotesPayableThreeMember 2018-09-30 0001697834 stemh:ThirtySixMonthPremiumFinanceAgreementMember stemh:NotesPayableMember 2018-04-28 2018-04-29 0001697834 stemh:ThirtySixMonthPremiumFinanceAgreementMember stemh:NotesPayableMember 2018-04-29 0001697834 stemh:TwentyFourMonthPremiumFinanceAgreementMember stemh:NotesPayableOneMember 2018-05-29 0001697834 stemh:PowellPropertyMember 2018-04-03 2018-04-04 0001697834 stemh:PowellPropertyMember 2018-04-04 0001697834 stemh:PowellPropertyMember 2017-10-01 2018-09-30 0001697834 stemh:EmploymentAgreementMember 2017-10-01 2018-09-30 0001697834 stemh:EmploymentAgreementMember srt:MinimumMember 2017-10-01 2018-09-30 0001697834 stemh:EmploymentAgreementMember srt:MaximumMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember 2018-09-30 0001697834 stemh:OptionsMember srt:MinimumMember 2017-10-01 2018-09-30 0001697834 stemh:OptionsMember srt:MaximumMember 2017-10-01 2018-09-30 0001697834 stemh:NVDRECorpMember 2018-04-30 0001697834 stemh:OperatingLeaseAgreementMember stemh:MarijuanaDispensaryMember 2017-07-31 0001697834 stemh:LeaseAgreementMember stemh:SpringfieldMember 2017-07-31 0001697834 stemh:LeaseAgreementOneMember 2017-07-31 0001697834 stemh:LeaseAgreementTwoMember 2017-07-31 0001697834 stemh:NVDRECorpMember 2018-04-01 2018-04-30 0001697834 2018-03-31 0001697834 2019-01-07 0001697834 us-gaap:CommonStockMember 2016-09-30 0001697834 us-gaap:AdditionalPaidInCapitalMember 2016-09-30 0001697834 stemh:SubscriptionReceivableMember 2016-09-30 0001697834 us-gaap:RetainedEarningsMember 2016-09-30 0001697834 us-gaap:CommonStockMember 2016-10-01 2017-09-30 0001697834 us-gaap:CommonStockMember 2017-09-30 0001697834 us-gaap:AdditionalPaidInCapitalMember 2016-10-01 2017-09-30 0001697834 us-gaap:AdditionalPaidInCapitalMember 2017-09-30 0001697834 stemh:SubscriptionReceivableMember 2016-10-01 2017-09-30 0001697834 stemh:SubscriptionReceivableMember 2017-09-30 0001697834 us-gaap:RetainedEarningsMember 2016-10-01 2017-09-30 0001697834 us-gaap:RetainedEarningsMember 2017-09-30 0001697834 us-gaap:CommonStockMember 2017-10-01 2018-09-30 0001697834 us-gaap:CommonStockMember 2018-09-30 0001697834 us-gaap:AdditionalPaidInCapitalMember 2017-10-01 2018-09-30 0001697834 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001697834 stemh:SubscriptionReceivableMember 2017-10-01 2018-09-30 0001697834 stemh:SubscriptionReceivableMember 2018-09-30 0001697834 us-gaap:RetainedEarningsMember 2017-10-01 2018-09-30 0001697834 us-gaap:RetainedEarningsMember 2018-09-30 0001697834 stemh:AutomobileMember 2017-09-30 0001697834 stemh:SignageMember 2017-09-30 0001697834 stemh:FurnitureandEquipmentMember 2017-09-30 0001697834 us-gaap:LeaseholdImprovementsMember 2017-09-30 0001697834 stemh:BuildingsAndPropertyImprovementsMember 2017-09-30 0001697834 us-gaap:LandMember 2017-09-30 0001697834 stemh:SoftwareAndRelatedMember 2017-09-30 0001697834 2018-01-31 0001697834 2018-07-01 2018-07-31 0001697834 stemh:PromissoryNoteMember 2018-09-30 0001697834 stemh:ThirtySixMonthPremiumFinanceAgreementMember stemh:NotesPayableMember 2018-09-30 0001697834 stemh:TwentyFourMonthPremiumFinanceAgreementMember stemh:NotesPayableOneMember 2018-05-28 2018-05-29 0001697834 stemh:TwentyFourMonthPremiumFinanceAgreementMember stemh:NotesPayableOneMember 2018-09-30 0001697834 stemh:NineMonthPremiumFinanceAgreementMember stemh:NotesPayableFourMember 2018-07-31 0001697834 stemh:NineMonthPremiumFinanceAgreementMember stemh:NotesPayableFourMember 2018-07-30 2018-07-31 0001697834 stemh:NineMonthPremiumFinanceAgreementMember stemh:NotesPayableFourMember 2018-09-30 0001697834 us-gaap:PrivatePlacementMember us-gaap:InvestorMember 2018-09-30 0001697834 stemh:WillamettePropertyMember 2018-09-30 0001697834 stemh:PowellPropertyMember 2018-09-30 0001697834 stemh:YMYVenturesLLCMember 2018-09-30 0001697834 stemh:YMYVenturesLLCMember 2017-10-01 2018-09-30 0001697834 stemh:YMYVenturesLLCMember stemh:FirstDueMember 2018-09-01 2018-09-30 0001697834 stemh:YMYVenturesLLCMember stemh:FinalDueMember 2018-09-01 2018-09-30 0001697834 stemh:EastCoastPackersLLCMember 2018-07-31 0001697834 stemh:EastCoastPackersLLCMember 2018-07-01 2018-07-31 0001697834 stemh:AccreditedInvestorMember 2017-10-29 2017-12-01 0001697834 stemh:SeniorUnsecuredConvertibleDebenturesMember stemh:AccreditedInvestorMember 2018-05-31 0001697834 stemh:SeniorUnsecuredConvertibleDebenturesMember stemh:AccreditedInvestorMember 2018-06-30 0001697834 stemh:SeniorUnsecuredConvertibleDebenturesMember stemh:AccreditedInvestorMember 2018-05-01 2018-05-31 0001697834 stemh:SeniorUnsecuredConvertibleDebenturesMember stemh:AccreditedInvestorMember 2018-06-01 2018-06-30 0001697834 stemh:NineSeniorUnsecuredConvertibleDebenturesMember stemh:AccreditedInvestorMember 2018-09-30 0001697834 stemh:NineSeniorUnsecuredConvertibleDebenturesMember stemh:AccreditedInvestorMember 2017-10-01 2018-09-30 0001697834 stemh:ConvertiblePromissoryNoteMember 2018-09-30 0001697834 stemh:SeniorConvertiblePromissoryNoteOneMember 2018-09-30 0001697834 stemh:SeniorConvertiblePromissoryNoteTwoMember 2018-09-30 0001697834 stemh:ConvertibleNotesMember 2018-09-30 0001697834 2016-01-01 2016-12-31 0001697834 2018-07-13 0001697834 stemh:UnaffiliatedInvestorsMember us-gaap:CommonStockMember 2017-09-30 0001697834 stemh:UnaffiliatedInvestorsMember us-gaap:CommonStockMember 2016-10-01 2017-09-30 0001697834 stemh:UnaffiliatedInvestorsMember stemh:CommonStockOneMember 2018-09-30 0001697834 stemh:UnaffiliatedInvestorsMember stemh:CommonStockOneMember 2017-09-30 0001697834 stemh:ConsultingAgreementMember stemh:ConsultingServicesMember 2017-10-01 2018-09-30 0001697834 stemh:ConsultingAgreementMember stemh:ConsultingServicesMember srt:MinimumMember 2018-09-30 0001697834 stemh:ConsultingAgreementMember stemh:ConsultingServicesMember srt:MaximumMember 2018-09-30 0001697834 stemh:ConsultingAgreementMember stemh:ConsultingServicesMember stemh:PrepaidExpenseandAmortizedExpenseMember 2017-10-01 2018-09-30 0001697834 stemh:ConsultingAgreementMember stemh:ProfessionalServicesMember 2017-10-01 2018-09-30 0001697834 stemh:ConsultingAgreementMember stemh:ProfessionalServicesMember 2018-09-30 0001697834 stemh:EmployeesandConsultantsMember 2016-10-01 2017-09-30 0001697834 stemh:EmployeesandConsultantsMember 2017-09-30 0001697834 stemh:ConsultingAgreementMember srt:MinimumMember 2017-10-01 2018-09-30 0001697834 stemh:ConsultingAgreementMember srt:MaximumMember 2017-10-01 2018-09-30 0001697834 stemh:ConsultingAgreementMember 2016-10-01 2017-09-30 0001697834 stemh:FirstConsultingAgreementMember 2016-10-01 2017-09-30 0001697834 stemh:FirstConsultantAgreementMember stemh:VestSixMonthsMember 2016-10-01 2017-09-30 0001697834 stemh:FirstConsultantAgreementMember stemh:VestOneYearAfterMember 2016-10-01 2017-09-30 0001697834 stemh:SecondConsultingAgreementMember 2016-10-01 2017-09-30 0001697834 stemh:ThirdConsultingAgreementMember 2016-10-01 2017-09-30 0001697834 stemh:ConsultantsMember 2016-10-01 2017-09-30 0001697834 stemh:EmploymentAgreementMember stemh:CEOandCFOMember 2016-10-01 2017-09-30 0001697834 stemh:EmploymentAgreementMember stemh:OfficersMember 2016-10-01 2017-09-30 0001697834 stemh:EmploymentAgreementMember stemh:TwoBoardMembersMember 2016-10-01 2017-09-30 0001697834 stemh:ConsultantMember 2018-09-30 0001697834 stemh:OptionsMember srt:MinimumMember 2018-09-30 0001697834 stemh:OptionsMember srt:MaximumMember 2018-09-30 0001697834 stemh:OptionsMember 2017-09-30 0001697834 stemh:OptionsMember srt:MinimumMember 2016-10-01 2017-09-30 0001697834 stemh:OptionsMember srt:MaximumMember 2016-10-01 2017-09-30 0001697834 stemh:OptionsMember 2016-10-01 2017-09-30 0001697834 stemh:StockPurchaseOptionsMember 2016-10-01 2017-09-30 0001697834 stemh:StockPurchaseOptionsMember 2016-09-30 0001697834 stemh:StockPurchaseOptionsMember 2017-09-30 0001697834 stemh:VestedandUnvestedOptionsMember 2016-10-01 2017-09-30 0001697834 stemh:VestedandUnvestedOptionsMember 2016-09-30 0001697834 stemh:VestedandUnvestedOptionsMember 2017-09-30 0001697834 stemh:StockPurchaseOptionsMember 2017-10-01 2018-09-30 0001697834 stemh:StockPurchaseOptionsMember 2018-09-30 0001697834 stemh:VestedandUnvestedOptionsMember 2017-10-01 2018-09-30 0001697834 stemh:VestedandUnvestedOptionsMember 2018-09-30 0001697834 2018-03-03 2018-03-31 0001697834 stemh:PatchInternationalIncMember 2016-11-30 0001697834 2016-11-30 0001697834 stemh:PatchInternationalIncMember 2017-01-23 0001697834 stemh:PatchInternationalIncMember 2017-01-22 2017-01-23 0001697834 stemh:PatchInternationalIncMember stemh:TwoShareholdersMember 2017-01-23 0001697834 stemh:PatchInternationalIncMember stemh:TwoShareholdersMember 2017-01-22 2017-01-23 0001697834 us-gaap:SubsequentEventMember stemh:CDSpecialWarrantMember us-gaap:PrivatePlacementMember srt:MaximumMember 2018-12-27 0001697834 us-gaap:SubsequentEventMember stemh:CDSpecialWarrantMember us-gaap:PrivatePlacementMember 2018-12-27 0001697834 us-gaap:SubsequentEventMember stemh:EightPercentageSeniorUnsecuredConvertibleDebentureMember 2018-12-27 0001697834 us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2018-12-26 2018-12-27 0001697834 us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheOneMember stemh:CDSpecialWarrantMember 2018-12-26 2018-12-27 0001697834 us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheOneMember stemh:CDSpecialWarrantMember stemh:CADDollarMember 2018-12-27 0001697834 us-gaap:SubsequentEventMember us-gaap:CashMember 2018-12-27 0001697834 us-gaap:SubsequentEventMember 2018-12-27 0001697834 us-gaap:SubsequentEventMember us-gaap:CommonStockMember 2018-12-27 0001697834 stemh:YMYVenturesLLCMember stemh:EscrowMember 2017-10-01 2018-09-30 0001697834 stemh:YMYVenturesLLCMember 2018-09-01 2018-09-30 0001697834 stemh:FirstAmendmentToLoanAgreementAndPromissoryNoteMember 2018-02-26 2018-03-01 0001697834 stemh:UnaffiliatedInvestorsMember stemh:CommonStockOneMember 2016-10-01 2017-09-30 0001697834 stemh:PropertyRentalAgreementsMember stemh:SevenEightTwoSevenSEPowellMember 2018-09-30 0001697834 stemh:UnaffiliatedInvestorsMember stemh:CommonStockOneMember 2016-09-30 0001697834 stemh:WarrantGrantedMember us-gaap:MeasurementInputExercisePriceMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember us-gaap:MeasurementInputExpectedDividendRateMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember us-gaap:MeasurementInputOptionVolatilityMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember us-gaap:MeasurementInputRiskFreeInterestRateMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember us-gaap:ConvertibleDebtMember 2018-09-30 0001697834 stemh:WarrantGrantedMember us-gaap:ConvertibleDebtMember us-gaap:MeasurementInputExercisePriceMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember us-gaap:ConvertibleDebtMember us-gaap:MeasurementInputExpectedDividendRateMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember us-gaap:ConvertibleDebtMember us-gaap:MeasurementInputOptionVolatilityMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember us-gaap:ConvertibleDebtMember us-gaap:MeasurementInputRiskFreeInterestRateMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember stemh:ConvertibleDebtOneMember 2018-09-30 0001697834 stemh:WarrantGrantedMember stemh:ConvertibleDebtOneMember us-gaap:MeasurementInputExercisePriceMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember stemh:ConvertibleDebtOneMember us-gaap:MeasurementInputExpectedDividendRateMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember stemh:ConvertibleDebtOneMember us-gaap:MeasurementInputOptionVolatilityMember 2017-10-01 2018-09-30 0001697834 stemh:WarrantGrantedMember stemh:ConvertibleDebtOneMember us-gaap:MeasurementInputRiskFreeInterestRateMember 2017-10-01 2018-09-30 0001697834 us-gaap:SubsequentEventMember stemh:AssetPurchaseAgreementMember 2018-10-31 0001697834 us-gaap:SubsequentEventMember stemh:AssetPurchaseAgreementMember 2018-01-01 2018-10-31 0001697834 us-gaap:SubsequentEventMember us-gaap:PrivatePlacementMember srt:MaximumMember 2018-12-26 2018-12-27 0001697834 us-gaap:SubsequentEventMember stemh:CDSpecialWarrantMember us-gaap:PrivatePlacementMember stemh:CADDollarMember 2018-12-27 0001697834 us-gaap:SubsequentEventMember stemh:CDSpecialWarrantMember us-gaap:PrivatePlacementMember stemh:CADDollarMember 2018-12-26 2018-12-27 0001697834 us-gaap:SubsequentEventMember stemh:EightPercentageSeniorUnsecuredConvertibleDebentureMember stemh:CADDollarMember 2018-12-27 0001697834 us-gaap:SubsequentEventMember 2018-10-31 0001697834 us-gaap:SubsequentEventMember 2018-10-02 2018-10-31 0001697834 us-gaap:SubsequentEventMember stemh:MultiPartyAgreementMember 2018-11-01 2018-11-30 0001697834 us-gaap:SubsequentEventMember stemh:MultiPartyAgreementMember 2018-12-01 2018-12-31 0001697834 us-gaap:SubsequentEventMember stemh:ConsultingAgreementMember 2018-09-28 2018-10-01 0001697834 us-gaap:SubsequentEventMember 2018-11-01 2018-11-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure utr:sqft iso4217:CAD stemh:Integer Stem Holdings, Inc. 0001697834 10-K 2018-09-30 false --09-30 FY 14232266

391389

798198

761351

106466

993619

100000 100000 100000 1170000

597855

1904970

3258850

8324799

195318

165663

4350464

15215052

101377

511007

16500

33600

169988

165779

4177458

6433

10582

7012603

19809215

-2834351

-10694746

4184685

1997051

9125051

4734

2480016

-400000

-87699

6433

7012603

-2834351

10582

19809215

-10694746

4350464

15215052

0.001

50000000

0.001

6354860

10177496

6354860

10177496

778992

273399

152750

3020915

827907

-7559566

-2750895

-7860395

-2746652

-7860395

-2746652

-7860395

-0.95

-0.49

8305383

5596989

4839504

1475545

3013470

600000

562000

276000

37000

1363460

129217

409630

82318

-1859603

-947894

4898309

2990365

370637

10000

276674

-7345484

-3500547

6570873

4528742

9575049

4041632

369962

-406809

2018

8855260

3076936

427760

468860

1. Incorporation and operations and Going Concern   Stem Holdings, Inc. (the “Company”) is a Nevada corporation incorporated on June 7, 2016. The Company purchases, improves, and leases properties for use in the cannabis production, distribution and sales industry as well as a cultivator providing cannabis and cannabis-infused products licensed under the laws of the states of Oregon, Nevada, Oklahoma, with six current licenses for cultivation, three for production, five for processing, one for wholesale and ten dispensary licenses. In addition, the Company also procured a hemp license under the laws of Oregon. As of September 30, 2018, the Company has acquired 3 commercial properties and leased a fourth property and has entered into leases to related entities for these four properties (see Note 10). Fiscal year 2018 saw the near completion of buildout of these properties.   The Company, through its operating subsidiaries (see below), is currently in the process of finalizing the investment in and acquisition of entities that engage directly in the production and sale of cannabis, moving from a real estate focused entity with a cannabis niche to a cannabis focused entity.   As of September 30, 2018, the Company has incorporated 6 new subsidiaries –Stem Group Oklahoma, Inc., Stem Holdings Florida, Inc. Stem Holdings Oregon, Inc., Stem Holdings IP, Inc., Opco, LLC., and Stem Agri, LLC.   The Company’s stock is publicly traded and is listed on the Canadian Securities Exchange under the symbol “STEM” and the OTCQB exchange under the symbol “STMH”.   Going Concern   These audited financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. While the recreational use of cannabis is legal under the laws of certain States, where the Company is currently finalizing the acquisition of entities or investment in entities that directly produce or sell cannabis, the use and possession of cannabis is illegal under United States Federal law for any purpose, by way of Title II of the Comprehensive Drug Abuse Prevention and Control Act of 1970, otherwise known as the Controlled Substances Act of 1970 (the “ACT”). Cannabis is currently included under Schedule 1 of the Act, making it illegal to cultivate, sell or otherwise possess in the United States.   On January 4, 2018 the office of the Attorney General published a memo regarding cannabis enforcement that rescinds directives promulgated under former President Obama that eased federal enforcement. In a January 8, 2018 memo, Jefferson B. Sessions, then Attorney General of the United States, indicated enforcement decisions will be left up to the U.S. Attorney’s in their respective states clearly indicating that the burden is with “federal prosecutors deciding which cases to prosecute by weighing all relevant considerations, including federal law enforcement priorities set by the Attorney General, the seriousness of the crime, the deterrent effect of federal prosecution, and the cumulative impact of particular crimes on the community.” Subsequently, in April 2018, President Trump promised to support congressional efforts to protect states that have legalized the cultivation, sale and possession of cannabis, however, a bill has not yet been finalized in order to implement legislation that would, in effect, make clear the federal government cannot interfere with states that have voted to legalize cannabis. Further in December 2018, the US Congress passed legislation, which the President signed on December 20, 2018, removing hemp from being included with Cannabis in Schedule I of the Act.   These conditions raise substantial doubt as to the Company’s ability to continue as a going concern should it complete its acquisitions and investments, which it considers likely as of the date of these financial statements. Should the United States Federal Government choose to begin enforcement of the provisions under the Act, the Company through its wholly owned subsidiaries could be prosecuted under the Act and the Company may have to immediately cease operations and/or be liquidated upon their closing of the acquisition or investment in entities that engage directly in the production and or sale of cannabis.   The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amount and classification of liabilities that might result from this uncertainty.

2. Summary of significant accounting policies   Basis of preparation   The consolidated balance sheet includes all of the accounts of the Company as of September 30, 2018, presented in accordance with U.S. generally accepted accounting principles.   Principals of Consolidation   The accompanying consolidated financial statements include the accounts of Stem Holdings, Inc. and its wholly-owned subsidiaries, Stem Group Oklahoma, Inc., Stem Holdings Florida, Inc., Stem Holdings Oregon, Inc., Stem Holdings IP, Inc., Opco, LLC., and Stem Agri, LLC. All material intercompany accounts, transactions, and profits have been eliminated in consolidation. Our wholly owned subsidiaries had no operations, assets or liabilities as of September 30, 2018.   Revenue Recognition   The Company recognizes rental revenue from tenants, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured.   The Company makes estimates of the collectability of its tenant receivables related to base rents, straight-line rent and other revenues. In the current fiscal year, the Company began significant rental operations. The Company considers such things as historical bad debts, tenant creditworthiness, current economic trends, facility operating performance, lease structure, developments relevant to a tenant’s business, and changes in tenants’ payment patterns in its analysis of accounts receivable and its evaluation of the adequacy of the allowance for doubtful accounts. Specifically, for straight-line rent receivables, the Company’s assessment includes an estimation of a tenant’s ability to fulfill its rental obligations over the remaining lease term.   Real Estate Acquisition Valuation   All assets acquired and liabilities assumed in an acquisition of real estate are measured at their acquisition date fair values. The acquisition value of land, building and improvements are included in real estate investments on the accompanying consolidated balance sheets. Acquisition pursuit costs associated with asset acquisitions are capitalized. The Company has early adopted ASU 2017-01, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as businesses acquisitions. As a result of early adopting ASU 2017-01, real estate acquisitions did not meet the definition of a business combination and were deemed asset acquisitions, and the Company therefore capitalized its acquisition pursuit costs associated with these acquisitions.   Reclassifications   Certain amounts in the Company’s consolidated financial statements for prior periods have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods.   Use of estimates   The preparation of these financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Estimates and judgments used are based on management’s experience and the assumptions used are believed to be reasonable given the circumstances that exist at the time the financial statements are prepared. The significant estimates included in these financial statements are those associated with the assumptions used to value equity instruments, valuation of its properties for impairment testing and the deferral of rents. Actual results may differ from these estimates.   Instruments to Purchase Common Stock and Other Derivative Financial Instruments   We classify as equity any contracts that require physical settlement or net-share settlement or provide us a choice of net-cash settlement or settlement in our own shares (physical settlement or net-share settlement) provided that such contracts are indexed to our own stock. We classify as assets or liabilities any contracts that require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside our control) or give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). We assess the classification of instruments issued to purchase our common stock and any other financial instrument at each reporting date to determine whether a change in classification between assets and liabilities is required.   Cash and cash equivalents   Cash and cash equivalents include short-term investments with original maturities of three months or less and are recorded at cost, which approximates fair market value given the short-term nature.   Concentrations of Credit Risk   Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and our deferred rents. As of September 30, 2018, the Company had deposits in a major financial institution in excess of the FDIC insurance limit. The Company believes the risk of loss to be minimal as it maintains its cash balances at well capitalized financial institutions. As of September 30, 2018, the Company had deferrals of rent due to free rent periods of approximately $1.4 million as it completes the buildout of three of its properties. The Company is currently in the process of acquiring the entities that it currently rents to and believes as of the date of these financial statements that it will acquire those entities, and because of this, no impairment testing was performed due to the likelihood of success of that acquisition (see Note X). Should the Company be successful in its acquisition of the renters, the deferred rental asset will eliminate against the liability held by the affiliates and therefore no impairment would be necessary. Should the Company fail to acquire its renters in the upcoming fiscal year, then impairment of the deferred rents could be likely.   Geographical Concentrations   As of September 30, 2018, the Company primarily rents to entities engaged in the production and sale of cannabis, which is only legal for recreational use in 10 states, with lesser legalization, such as for medical use in an additional 21 states, as of the time of these financial statements.   Carrying value, recoverability and impairment of long-lived assets   The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC’) 360 to evaluate its long-lived assets with determinate lives. The Company’s long-lived assets, which include property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company does not test for impairment in the year of acquisition of properties so long as those properties are acquired from unrelated third parties.   The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of long-lived assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the assets expected future discounted cash flows or market value, if readily determinable. If long- lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated and amortized over the newly determined remaining estimated useful lives.   The Company considers the following to be some examples of important indicators that may trigger an impairment review: (i) significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii) significant changes in the manner or use of assets or in the Company’s overall strategy with respect to the manner or use of the acquired assets or changes in the Company’s overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company’s stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events.   As of September 30, 2018, the Company performed its impairment analysis of its properties and determined that based on its valuation performed for the Mulino Farm project, an impairment in the value of its building and improvements was required, due to the nature of the property, its location and the specialized improvements the Company added to the property over the course of the fiscal year ended September 30, 2018. Based on its valuation, the Company has recorded an impairment of $784,000 as of September 30, 2018 (see Note 3) for the Mulino Farm property which is included in general and administrative expenses line item on the Statement of Operations   Capitalization of Project Costs   The Company’s policy is to capitalize all costs that are directly identifiable with a specific property, would be capitalized if the Company had already acquired the property, and when the property, or an option to acquire the property, is being actively sought after, and either funds are available or will likely become available in order to exercise their option. All amounts shown capitalized prior to acquisition of a property are included under the caption of Project Costs in the balance sheet.   Income Taxes   Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of currently due plus deferred taxes. Deferred tax assets and liabilities are determined based on differences between financial reporting carrying amounts and the respective tax bases of assets and liabilities and are measured using tax rates and laws that are expected to be in effect when the differences are expected to be recovered or settled. Valuation allowances are provided against deferred tax assets if it is more likely than not that the deferred tax assets will not be realized.   The Company follows the guidance of FASB ASC 740-10 which relates to the Accounting for Uncertainty in Income Taxes, which seeks to reduce the diversity in practice associated with the accounting and reporting for uncertainty in income tax positions. This interpretation prescribes a comprehensive model for financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns.   Fair value of financial instruments   As defined in the authoritative guidance, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.   To estimate fair value, the Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable.   The authoritative guidance establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (“Level 1” measurements) and the lowest priority to unobservable inputs (“Level 3” measurements). The three levels of the fair value hierarchy are as follows:   Level 1 — Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.   Level 2 — Other inputs that are observable, directly or indirectly, such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.   Level 3 — Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.   In instances in which multiple levels of inputs are used to measure fair value, hierarchy classification is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.   Beneficial Conversion Feature   The Company issued convertible notes that have conversion prices that create an embedded beneficial conversion feature on the issuance date. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of any attached equity instruments, if any related equity instruments were granted with the debt, on a relative fair market basis. The Company estimates the fair value of its common stock using the most recent selling price available. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid-in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.   Earnings per share   The Company presents basic and diluted per share amounts (“EPS”) data for its common shares. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated based on the weighted-average number of outstanding common shares plus the effect of dilutive potential common shares, using the treasury stock method. The Company’s calculation of diluted net loss per share excludes potential common shares as of September 30, 2018 as the effect would be anti-dilutive (i.e. would reduce the loss per share). As of September 30, 2018, the Company has 4,116,249 shares issuable upon note conversion, options and warrants exercisable into the common stock of the Company outstanding.   Advertising Costs   The Company follows the policy of charging the cost of advertising to expense as incurred. Advertising expense was $ 49,948 for the twelve months ended September 30, 2018 and $35,557 for the twelve months ended September 30, 2017.   Emerging Growth Company   The Company has elected to be an emerging growth company as defined under the Jumpstart Our Business Startups Act of 2012 (“Jobs Act”). Included with this election, the Company has also elected to use the provisions within the Jobs Act that allow companies that go public to continue to use the private company adoption date rules for new accounting policies. Should the Company obtain revenues in excess of $1 billion on an annual basis, have its non-affiliated market capitalization increase to over $700 million as of the last day of its second quarter, or raise in excess of $1 billion in public offerings of its equity or instruments directly convertible into its equity, it will forfeit its status under the Jobs Act as an emerging growth company.   Property and Equipment   Property and equipment is stated at cost less accumulated depreciation and is depreciated using the straight-line method over the assets’ estimated useful life as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 30%; text-align: justify; line-height: 107%">Buildings</td> <td style="width: 70%; text-align: justify; line-height: 107%">20 years</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">Leasehold improvements</td> <td style="text-align: justify; line-height: 107%">Shorter of term of lease or economic life of improvement</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">Furniture and equipment</td> <td style="text-align: justify; line-height: 107%">5 years</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">Signage</td> <td style="text-align: justify; line-height: 107%">5 years</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">Software and related</td> <td style="text-align: justify; line-height: 107%">5 years</td></tr> </table>   Normal maintenance and repairs for equipment are charged to expense as incurred, while significant improvements are capitalized.   Related parties   Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.   Recent Accounting Guidance   On August 29, 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract (“ASU 2018-15”), which align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). ASU 2018-15 is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption of the amendments is permitted including adoption in any interim period. The amendments in ASU 2018-15 should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement: Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which changes the fair value measurement disclosure requirements of ASC 820. ASU 2018-13 is effective for all entities for fiscal years beginning after December 15, 2019, including interim periods therein. Early adoption is permitted for any eliminated or modified disclosures upon issuance of ASU 2018-13. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 expands the guidance in Topic 718 to include share-based payments for goods and services to non-employees and generally aligns it with the guidance for share-based payments to employees. The amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. The standard provides companies with a single model for use in accounting for revenue arising from contracts with customers and will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective, including industry-specific revenue guidance. The standard specifically excludes lease contracts. The ASU allows for the use of either the full or modified retrospective transition method and will be effective for the Company on October 1, 2019, at which time the Company expects to adopt the updated standard using the modified retrospective approach. However, as the majority of the Company’s revenue is from rental income related to leases, the ASU will not have a material impact on the consolidated financial statements. Related disclosures will be provided and/or updated pursuant to the requirements of the ASU.   In February 2016, the FASB issued ASU No. 2016-02, Leases. The standard amends the existing lease accounting guidance and requires lessees to recognize a lease liability and a right-of-use asset for all leases (except for short-term leases that have a duration of one year or less) on their balance sheets. Lessees will continue to recognize lease expense in a manner similar to current accounting. For lessors, accounting for leases under the new guidance is substantially the same as in prior periods, but eliminates current real estate-specific provisions and changes the treatment of initial direct costs. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparable period presented, with an option to elect certain transition relief. Full retrospective application is prohibited. The standard will be effective for the Company on October 1, 2020; however, early adoption of the ASU is permitted. While the Company is currently evaluating the effect that the updated standard will have on our consolidated financial statements and related disclosures, we expect to adopt the guidance on its effective date, at which time we anticipate recognizing right-of-use assets and related lease liabilities on our consolidated balance sheets related to ground leases for any communities where we are the lessee.   Recent Accounting Guidance   In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 provides guidance for recognizing credit losses on financial instruments based on an estimate of current expected credit losses model. The amendments are effective for fiscal years beginning after December 15, 2019. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires that lessees recognize assets and liabilities for leases with lease terms greater than twelve months in the statement of financial position and also requires improved disclosures to help users of financial statements better understand the amount, timing and uncertainty of cash flows arising from leases. The FASB issued subsequent amendments to improve and clarify the implementation guidance of Topic 842. The amendments are effective for fiscal years beginning after December 15, 2018. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of this amendment is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The FASB issued subsequent amendments to improve and clarify the implementation guidance of Topic 606. This standard is effective for annual reporting periods beginning after December 15, 2017. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.

3. Property, Plant & Equipment   At September 30 property and equipment consisted of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%">2018</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%">2017</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 107%">Automobile</td> <td style="width: 1%; line-height: 107%"> </td> <td style="width: 1%; line-height: 107%">$</td> <td style="width: 18%; text-align: right; line-height: 107%">18,275</td> <td style="width: 1%; line-height: 107%"> </td> <td style="width: 1%; line-height: 107%"> </td> <td style="width: 1%; line-height: 107%">$</td> <td style="width: 18%; text-align: right; line-height: 107%">18,275</td> <td style="width: 1%; line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">Signage</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">19,118</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">19,118</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Furniture and equipment</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">1,199,303</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">102,890</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">Leasehold improvements</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">2,718,519</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">1,573,044</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Buildings and property improvements</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">4,719,742</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">1,622,550</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">Land</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">300,000</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">-</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Software and related</td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">58,518</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">52,190</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%"> </td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Subtotal</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">9,033,475</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">3,388,067</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%"> </td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Accumulated depreciation and amortization</td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">(708,676</td> <td style="line-height: 107%">)</td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">(129,217</td> <td style="line-height: 107%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">Property, plant and equipment, net</td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">8,324,799</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">3,258,850</td> <td style="line-height: 107%"> </td></tr> </table>   On November 1, 2016, the Company acquired certain real property located at 1027 Willamette Street, Eugene, OR 97401 (the “Property”) for a total cash purchase price plus closing costs of approximately $918,000.   On February 6, 2017, the Company acquired certain real property located at 7827 SE Powell Blvd, Portland, OR 97206 (the “Property”) for a total purchase price plus closing costs of approximately $656,498.   As part of the consideration for closing on the property, the Company issued a short term note payable to the seller in the Amount of approximately $304,000. The note is non-interest bearing and requires four monthly payments of $75,000 plus a final payment for the remaining amount due immediately thereafter plus fees. Due to the short-term nature of the note, the Company has not imputed any interest as it would be immaterial to the results for the period.   In January 2018, the Company acquired certain property located at 14336 South Union Hall Road, Mulino Oregon 97042 for a total purchase price of approximately $1,555,500 which includes credits issued by the seller for prior rental payments and additional improvements on the property made by the Company. As part of the consideration for the purchase, the Company issued the seller a note for $1.2 million with a 2% interest rate and monthly payments beginning in July 2018 of $13,500 for a period of 19 months with a final balloon payment payable in January 2020 of approximately $957,000. The Company did not record a premium to the market rate of the note as it was immaterial at issuance.   Depreciation, amortization and impairment expense (see Note 2) was $1,363,460 for the twelve months ended September 30, 2018 and $126,264 for 2017.

9. Shareholders’ Equity   In 2016, the Company adopted a plan to allow the Company to compensate prospective and current employees, directors and consultants through the issuance of equity instruments of the Company. The plan has an effective life of 10 years. The plan is administered by the board of directors of the Company until such time as the board transfers responsibility to a committee of the board. The plan is limited to issuing common shares of the Company up to 15% of the total shares then outstanding. No limitations exist on any other instruments issuable under the plan. In the event of a change in control of the Company, all unvested instruments issued under the plan become immediately vested.   Preferred shares   The Company has two series of preferred shares designated with no preferred shares issued and outstanding as of September 30, 2018.   Common shares   On July 13, 2018, a meeting of the stockholders of the Company took place, and the stockholders adopted a resolution authorizing the Board of Directors, in its sole discretion, to amend the Company’s Articles of Incorporation to increase the number of authorized shares of Company Common Stock from 100,000,000 to 300,000,000.   The holders of common shares are not entitled to receive dividends at this time, however, are entitled to one vote per share at meetings of the Company.   Private placements   The Company received subscriptions in private placement offerings completed for the following shares for the twelve months ended September 30, 2018:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">●</td> <td style="text-align: justify">For the twelve months ended September 30, 2018, 2,688,834 common shares were issued at $2.40 per share to unaffiliated investors raising gross cash proceeds (including collection of $100,000 subscription receivable from September 30, 2017 – see below) of $6,560,941.</td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td>●</td> <td style="text-align: justify">During the twelve months ended September 30, 2018, the Company began the process of registering shares of common stock for trading under the securities laws of Canada. As part of that process, certain founders were notified that they had to contribute additional amounts for their shares. In the twelve months ended September 30, 2018, two founders contributed an additional $9,933 towards their founders’ shares as part of the requirements of the securities regulators of Canada.</td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td>●</td> <td style="text-align: justify">For the twelve months ended September 30, 2017, 50,000 common shares were issued at $0.15 per share to and unaffiliated investor raising gross cash proceeds of $7,500.</td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td>●</td> <td style="text-align: justify">For the twelve months ended September 30, 2017, 1,362,363 common shares were issued at $2.40 per share to unaffiliated investors raising gross cash proceeds (not including $100,000 subscription receivable outstanding as of September 30, 2017) of $3,151,074. In addition, the Company collected on outstanding subscription receivables from the prior year of $1,170,000.</td></tr> </table>   Subscription receivable   On September 27, 2017, the Company received a subscription for 41,667 shares in the amount of $100,000. The funds were received by the Company in October 2017.   Common Stock issuances for compensation:   During the twelve months ended September 30, 2018, the Company entered into several consulting agreements, and as part of these agreements agreed to issue a total of 395,000 shares of common stock ranging in price between $1.95 and $2.40 per share in payment for consulting services provided to the Company. For issuances covering 250,000 shares, the Company capitalized the amounts to prepaid expense and amortized the expense over the period of the agreement.   During the twelve months ended September 30, 2018, as part of several employment contracts, the Company agreed to issue a total of 660,416 shares of common stock which were valued at $2.40 per share to employees and directors for services provided. Certain issuances contained vesting provisions and based on this, the Company is amortizing the fair value recorded over the vesting period. Included in the grant total above, grants for 150,000 shares contained deferral provisions, for which the Company recorded the gross amount of the grant to prepaid expense and is amortizing that cost over the deferral period.   As of September 30, 2018 the Company had remaining prepaid expense related to these issuances in the amount of $838,159 all of which will amortize to stock based compensation in the year ended September 30, 2019.   In the year ended September 30, 2017, the Company granted 250,000 shares of common stock to certain employees and consultants and valued the grants at $2.40 per share. The Company recorded stock-based compensation in the year ended September 30, 2017 in the amount of $600,000 for these issuances.   Option Issuances for compensation:   During the twelve months ended September 30, 2018, the Company entered into several employment agreements, and as part of these agreements agreed to issue a total of 1,660,416 options to purchase the common stock of the Company, with an exercise price of $2.40 per share and terms ranging between 3 to 4 years. As of September 30, 2018, options to acquire 40,416 lacked approval at the board level and were therefore not considered granted for US GAAP accounting purposes  as of September 30, 2018. Pursuant to these agreements, 1,347,500 options have vested as of September 30, 2018. In total, the Company recorded employee compensation option expense of $3,013,470 as a result of these options in the twelve months ended September 30, 2018.   During the twelve months ended September 30, 2018, the Company entered into certain consulting agreements, and as part of that agreement for professional services, agreed to issue a total of 785,000 options to purchase the common stock of the Company, with all options having an exercise price ranging between $2.40 and $4.00 per share and terms ranging from 3 to 5 years. Pursuant to the agreements, 110,000 options have vested as of September 30, 2018. As a result of the issuance of these options, the Company recorded option-based consulting expense of $152,750 in the fiscal year ended September 30, 2018. For one of the option grants for 300,000 shares, the contract stipulated that the terms of the option were to be determined by the board of directors of the Company. As of September 30, 2018, the board had not stipulated the terms for the award and therefore the award was not considered as granted for US GAAP accounting purposes.   During the twelve months ended September 30, 2017, the Company entered into three separate consulting agreements, and as part of those agreements for professional services, agreed to issue a total of 400,000 options to purchase the common stock of the Company, with an exercise price of $2.40 per share and a term of 4 years. Pursuant to the first agreement to issue options to acquire a total of 200,000 of the Company’s common stock, options to acquire 100,000 shares vested immediately, options to acquire 50,000 shares that vest 6 months upon a registration statement being declared effective in which the underlying shares to the options are registered and the final option to acquire 50,000 shares vests 1 year after a registration statement is declared effective in which the underlying shares to the option are registered connection with the execution of a consulting agreement. Pursuant to the second consulting agreement, 100,000 options vested immediately and pursuant to the third consulting agreement, one third of option to acquire the 100,000 options vests immediately and the remaining two thirds vest monthly for the next 30 months which equals 2,222 a month. In the third consulting agreement, the Company agreed to issue options for a total of 100,000 shares of stock of the Company, with immediately vesting of all underlying shares, for consulting and professional services.   In total, the Company recorded stock-based compensation expense to the consultants of approximately $562,000 as a result of these options in the twelve months ended September 30, 2017. In the year ended September 30, 2018, for option grants that had not yet vested as of September 30, 2017, the Company recorded additional compensation expense of $210,942.   During the period ended September 30, 2017, the Company entered into two separate employment agreements, both dated June 1, 2017, with the Company’s CEO and CFO, respectively. As part of those agreements, the Company agreed to issue a total of 150,000 options to purchase the common stock of the Company, with an exercise price of $2.40 per share and a term of 3 years. Pursuant to these agreements, 150,000 shares vested immediately. In total, the Company recorded stock-based compensation expense to the officers of $276,000 as a result of these options for the twelve months ended September 30, 2017.   During the year ended September 30, 2017, the Company entered into agreements to engage two additional board members. As part of their engagement packages, the Company offered to the two options to acquire 100,000 shares of common stock of the Company, with an exercise price of $2.40 per share and term of 1 year. The options vest 12,500 per quarter over four quarters from the date of issuance. In total the Company recorded stock-based compensation expense of approximately $37,000 in the year ended September 30, 2017.   The significant assumptions used to value the options granted in the twelve months ended September 30, 2018 and 2017 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center">For fiscal years ended September 30,</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">2018</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">2017</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify">Fair value of underlying common shares</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">2.23 to $4.00</td> <td style="width: 3%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">2.40</td> <td style="width: 3%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Exercise price</td> <td> </td> <td>$</td> <td style="text-align: right">2.40 to $4.15</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">2.40</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Dividend yield</td> <td> </td> <td> </td> <td style="text-align: right">0.0</td> <td>%</td> <td> </td> <td> </td> <td style="text-align: right">0</td> <td>%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Historical volatility</td> <td> </td> <td> </td> <td style="text-align: right">179% to 349</td> <td>%*</td> <td> </td> <td> </td> <td style="text-align: right">98.8% to 204</td> <td>%*</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Risk free interest rate</td> <td> </td> <td> </td> <td style="text-align: right">1.975% to 2.91</td> <td>%</td> <td> </td> <td> </td> <td style="text-align: right">1.16% to 1.93</td> <td>%</td></tr> </table>   * the Company has used the historic volatility of the average of a basket of 6 companies engaged in providing both ancillary type services and direct production and sale to the cannabis industry as an approximation of its expected volatility.   A summary of the change in stock purchase options outstanding for the period ended September 30, 2018 and 2017 is as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Weighted</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Remaining</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Average</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Contractual</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td> </td> <td colspan="2" style="text-align: center">Options</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Exercise</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Grant Date</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Life</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Outstanding</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Price</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Fair Value</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">(Years)</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Balance – September 30, 2016</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%">Options issued</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">650,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">2.40</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 11%; text-align: right">1.88</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">2.76</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Options expired/cancelled</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Options exercised</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Balance – September 30, 2017</td> <td> </td> <td> </td> <td style="text-align: right">650,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.40</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1.88</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.76</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options issued</td> <td> </td> <td> </td> <td style="text-align: right">2,105,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.59</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.44</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">3.02</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Options expired/cancelled</td> <td> </td> <td> </td> <td style="text-align: right">(10,000</td> <td>)</td> <td> </td> <td> </td> <td style="text-align: right">2.40</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Options exercised</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(160,000</td> <td style="padding-bottom: 1.5pt">)</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">2.40</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">Balance – September 30, 2018</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">2,585,000</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2.55</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2.31</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">2.79</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   The following table shows information on our vested and unvested options outstanding during the years ended September 30, 2018 and 2017:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Average</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Contractual</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Options</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Exercise</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Grant Date</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Life</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: right">Outstanding</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Price</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Fair Value</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">(Years)</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Balance – September 30, 2016, unvested</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%">Options issued</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">650,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">2.40</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">1.88</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">2.76</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Options vested</td> <td> </td> <td> </td> <td style="text-align: right">(423,889</td> <td>) </td> <td> </td> <td> </td> <td style="text-align: right">2.40</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1.93</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.97</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Options expired/cancelled</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Balance – September 30, 2017, unvested</td> <td> </td> <td> </td> <td style="text-align: right">226,111</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.40</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1.78</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.36</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options issued</td> <td> </td> <td> </td> <td style="text-align: right">2,105,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.59</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.44</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">3.02</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Options vested</td> <td> </td> <td> </td> <td style="text-align: right">(1,609,164</td> <td>)</td> <td> </td> <td> </td> <td style="text-align: right">2.68</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.39</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">3.0</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options expired/cancelled</td> <td> </td> <td> </td> <td style="text-align: right">(10,000</td> <td>)</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">Balance – September 30, 2018, unvested</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">711,947</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2.92</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2.87</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">3.49</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>    All options outstanding had no intrinsic value as of September 30, 2018 and 2017.   Warrants issued for compensation and debt related issuance   The Company issued warrants to acquire 139,166 shares of the Company’s common stock during the year ended September 30, 2018 in connection with promissory notes and convertible promissory notes issued (see Note 6).   In the year ended September 30, 2018 the Company issued a consultant a warrant to acquire 20,000 shares of its common stock as part of the compensation package within the consulting agreement. The warrant was issued with an exercise price of $2.40 per share and a term of 2 years.   The following table shows the warrants outstanding as of September 30, 2018:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td> </td> <td colspan="2" style="text-align: center">Warrants</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Outstanding</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Balance – September 30, 2017</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 76%; text-align: justify">Warrants issued</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 21%; text-align: right">159,166</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Warrants expired/cancelled</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify">Warrants exercised</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance – September 30, 2018</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">159,166</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

10. Commitments and contingencies   As noted earlier in Note 1, the Company, through entities it invests in and is negotiating to acquire (see below) will be in the near future engaging in a business that constitutes an illegal act under the laws of the United States Federal Government. This raises several possible issues which may impact the Company’s overall operations, not the least of which are related to traditional banking and other key operational risks. Since cannabis remains illegal on the federal level, and most traditional banks are federally insured, those financial institutions will not service cannabis businesses. In states where medical or recreational marijuana is legal, dispensary owners, manufacturers, and anybody who “touches the plant”, continue to face a host of operational hurdle. While local, state-chartered banks and credit unions now accept cannabis commerce, there remains a reluctance by traditional banks to do business with them. Aside from a huge inconvenience and the need to find creative ways to manage financial flow, payroll logistics, and payment of taxes, this also poses tremendous risks to controls as a result of operating a lucrative business in cash. This lack of access to traditional banking may inhibit industry growth.   Despite the uncertainties surrounding the Federal government’s position on legalized marijuana, the Company does not believe these risks will have a substantive impact on its planned operations in the near term.   In July 2016, the Company entered into a 10-year lease for a commercial building from an unrelated third party in Springfield, Oregon. At the time the original lease was entered into, the Company had expected to close on significant subscriptions from its private placement. However, when those did not immediately materialize, the Company entered into an agreement with the landlord to cancel the lease and in addition, paid the landlord $15,000 not to rent out the property until such time the Company could enter into a new lease. In September 2016, the Company entered into a new 10-year lease with the landlord that commenced in November 2016. The lease requires the Company to pay a base rental fee of $7,033 plus an additional estimated $315 per month in real estate taxes in which the base rental fee escalates each year by approximately 2%. All taxes (including reconciling real estate taxes), maintenance and utilities are included at the end of each year as a one-time payment. In addition, the Company also remitted $14,000 for a security deposit to the landlord. No amounts have been recorded for deferred rent in these financial statements as the amount was deemed immaterial by the Company. The Company has subleased this space pursuant to a 10-year lease. On February 22, 2018, both parties executed a lease addendum that adds contiguous property for 12,322 square feet. The term commences November 1, 2017 and continues through November 31, 2026 at a rate of $3,525 a month that escalates after the first year. The Company subleases this property to a related party (see disclosures below under “Springfield Suites”). As of September 30, 2018, the total subrental income to be received by the Company over the life of the sublease is approximately $8.9 million.   In March 2018, the Company entered into a 3-year lease for the occupancy of the Company’s corporate office located in Boca Raton, Florida. The lease requires the Company to pay a base rental fee of $3,024 per month with yearly increases thereafter. All taxes, maintenance and utilities are billed separately.   During the twelve months ended September 30, 2018, the Company incurred total rent expense of $210,231. As of September 30, 2018, the Company has recorded a long-term asset for the straight lining of rent under the rental leases to the cannabis operators of approximately $1,442,335. As of the date of these financial statements, the Company is in negotiations to acquire the entities that lease its properties (see below).   The following table includes our commitment under this lease and its amendment over the following five years as of September 30, 2018 (excluding amounts receivable under the sublease with a related party described below):   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid">Year:</td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%">2019</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 21%; text-align: right">167,788</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2020</td> <td> </td> <td> </td> <td style="text-align: right">188,795</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>2021</td> <td> </td> <td> </td> <td style="text-align: right">173,525</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2022</td> <td> </td> <td> </td> <td style="text-align: right">160,665</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Thereafter</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">698,716</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,389,489</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   In August 2016, the Company and certain shareholders of the Company entered into a “Multi Party” Agreement, in which the Company became obligated to lease or acquire three separate real estate assets, and separately, if certain events occur, additional real estate assets held by entities related to those shareholders. The Agreement also gives the Company the right of first refusal in regard to certain properties owned by the persons and entities affiliated with the parties of the Agreement so long as certain targets are met.   Certain shareholders of the Company have organized entities that operate directly in the cannabis industry, and the Company leases its properties to these entities. In addition, the Multi Party Agreement has requirements for the purchase of certain properties from the related parties to the agreement upon certain milestones being reached (see Note 12). The Multi Party Agreement also requires that in the event that the US Government amends Title 21 of the United States Code, otherwise known as the Controlled Substances Act, to remove cannabis as a Schedule I drug, and the Company raises more than $10 million in equity and merger funding, the Company is required to enter into agreements to acquire those related entities and issue such equity that the shareholders of the related entities obtain 75% of the then issued and outstanding equity of the Company, regardless of the profitability or financial condition of the related entities at the time of their acquisition. At the time of these financial statements, the Company was in negotiations with these entities to amend the multiparty agreement in order to acquire the Company’s prior to removal of cannabis from Schedule 1 of the Act. The Company believes the acquisition of these entities will become probable in the near future in FY 2019.   On July 16, 2018, the Company began trading its common stock under the ticker symbol “STEM” on the Canadian Securities Exchange (the “CSE”).   Property Rental Agreements   All of the income leases below are to entities that are related to the Company through common ownership.   1027 Willamette   In July 2017, the Company entered into an operating lease agreement with a marijuana dispensary (the “Lessee”) to move into the Company’s acquired property located at 1027 Willamette Street in Eugene, Oregon. The lease agreement is for a base term of ten years (see note below) and a monthly rent obligation of $13,800, subject to annual increases of 3% per year, plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. The Company provided the tenant with one month of free rent.   Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for one five-year term, on the same terms as provided in the lease agreement.   Springfield   In July 2017, the Company entered into a lease agreement for its property and warehouse building located at 800 N 42nd street in Springfield, Oregon. The lease agreement is for a term of ten years (see note below) and a monthly rent obligation of $64,640, subject to annual increases of 3% per year plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. Rent payments commence on the date the growing season ends, which the Company currently estimates will occur in September 2018, and thus expects payments to begin in January 2019. The Company has treated this period as a free rental period for accounting purposes.   Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.   14336 S. Union Hall Road, Mulino   In July 2017, the Company entered into a lease agreement for its property located at 14336 South Union Hall Road in Mulino, Oregon. The lease agreement is for a term of ten years (see note below) and a monthly rent obligation of $18,750, subject to annual increases of 3% per year plus an amount for additional rent based on final buildout costs incurred by the Company. The lease is a double net lease with maintenance and real property taxes to be paid by the Tenant and insurance costs paid by the Company. Rent payments will begin at the of the first growing season, which the Company currently estimates will occur in September 2018, and thus payments will commence in March 2019. The Company expects to treat such period as a free rental period for accounting purposes. At the time rental payments begin, the total of base rent and additional rent will not be less than $1.00 per foot for light assisted greenhouse and $.25 per usable square foot for un-light assisted greenhouse or outdoor grow space.   Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.   7827 SE Powell   In July 2017, the Company entered into a lease agreement for its acquired property located at 7827 SE Powell Blvd. in Portland, Oregon. The lease agreement is for a term of ten years and a monthly rent obligation of $6,523, subject to annual increases of 3% per year. Maintenance and real property taxes to be paid by the Tenant and insurance paid by the Company. Additional rents will be added to pay landlord back for tenant improvements by the end of the first term of the lease, payments will include annual interest at 12% compounded monthly. Rent payments commence on the date the growing season ends, which the Company currently estimates will occur in February 2019, and thus expects payments to begin in November 2018. The Company has treated this period as a free rental period for accounting purposes.   Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.   The following table shows the expected net rental payments to be received under the leases noted above as of September 30:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid">Year:</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%">2019</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 30%; text-align: right">789,845</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2020</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,275,532</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>2021</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,313,928</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2022</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,353,466</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Thereafter</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">9,569,105</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">14,301,876</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

6. Notes Payable and Advances   Equipment financing   In November 2017, the Company entered into a promissory note in the amount of $21,749 from a vendor of the Company to finance the acquisition of a security electronics system in one of its properties. The promissory note bears an interest rate of 18% per annum and also contains a 10% servicing fee. The note matures 24 months after issuance and is secured by certain security electronics purchased with proceeds of the note. As of September 30, 2018, the obligation outstanding is $14,950.   Effective April 29, 2018, the Company entered into a 36-month premium finance agreement in consideration for a John Deere Gator Tractor in the principal amount of $15,710. The note bears no annual interest rate and requires the Company to make thirty-six monthly payments of $442 over the term of the note. As of September 30, 2018, the obligation outstanding is $13,717. No amount was recorded for the premium for the non-interest bearing feature of the note as it was immaterial. The note is secured by the equipment financed.   Effective May 29, 2018, the Company entered into a 24-month premium finance agreement in consideration for a MT85 wide track loader in the principal amount of $27,844.00. The note bears no annual interest rate and requires the Company to make 24 monthly payments of $1,160 over the term of the note. As of September 30, 2018, the obligation outstanding is $24,364. No amount was recorded for the premium for the non-interest bearing feature of the note as it was immaterial. The note is secured by the equipment financed.   Due to related parties   As of September 30, 2018, related parties had advanced cash and equipment, on a due on demand, unsecured and undocumented basis, to the Company in the amount of $33,600.   Insurance financing   In February 2018, the Company entered into a 10-month premium finance agreement in partial consideration for an insurance policy in the principal amount of $252,445. The note bears an annual interest rate of 5.75% and requires the Company to make ten monthly payments of $22,105 over the term of the note. As of September 30, 2018, the obligation outstanding is $66,314.   Effective March 2, 2018, the Company entered into a 10-month premium finance agreement in partial consideration for an insurance policy in the principal amount of $14,390. The note bears an annual interest rate of 5.75% and requires the Company to make ten monthly payments of $904 over the term of the note. As of September 30, 2018, the obligation outstanding is $2,712.   Effective July 31, 2018, the Company entered into a 9-month premium finance agreement in partial consideration for an insurance policy in the principal amount of $54,701.55. The note bears an annual interest rate of 7.99% and requires the Company to make nine monthly payments of $4,435 over the term of the note. As of September 30, 2018, the obligation outstanding is $31,047.   Short term notes and advances   The Company issued a $100,000 promissory note dated December 7, 2017 to an accredited investor which matured on March 7, 2018 and has an annual rate of interest at 24%. Both principal and interest is due at maturity. The promissory note ranks senior to all obligations not designated as a primary obligation by the Company. As an inducement to issue the promissory note, the Company granted the holder warrants to acquire 20,833 shares of the Company’s common stock. The warrants have an exercise price of $2.40 per underlying common share and are exercisable for 2 years from the anniversary date of issuance (see Note 6). This obligation was fully repaid on March 28, 2018.   The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; text-align: justify">Fair value of underlying common shares</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">2.40</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Exercise price</td> <td> </td> <td>$</td> <td style="text-align: right">2.40</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Dividend yield</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Historical volatility</td> <td> </td> <td> </td> <td style="text-align: right">181.4</td> <td>%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Risk free interest rate</td> <td> </td> <td> </td> <td style="text-align: right">1.47</td> <td>%</td></tr> </table>   In September 2018, an investor interested in the then ongoing private placement of convertible notes (see below) advanced the Company $168,000 on an unsecured basis and then entered discussions with Company regarding the form of the note. As of September 30, 2018, the Company and the investor had not come to terms and the investor did not agree to the terms of the notes. The Company has treated the amount as an unsecured advance, due on demand. As of September 30, 2018 and the date of these financial statements, no demand had been made and the Company continues to negotiate with the investor.   Mortgages payable   On February 28, 2018, the Company executed a $550,000 mortgage payable on the Willamette property to acquire additional funds. The mortgage bears interest at 15% per annum. Monthly interest only payments began March 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on March 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The Company paid costs of approximately $28,000 to close on the mortgage. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. The note has been cross guaranteed by the CEO and Director of the Company.   On April 4, 2018, the Company executed a $314,000 mortgage payable on the Powell property to acquire additional funds. At closing $75,000 of the proceeds was put into escrow. The mortgage bears interest at 15% per annum. Monthly interest only payments began May 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on April 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The Company plaid costs of approximately $19,000 to close on the mortgage. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. The note has been cross guaranteed by the CEO and Director of the Company.   On January 16, 2018 the Company consummated a “Contract for Sale” for a Farm Property in Mulino OR (the “Mulino Property”). The purchase price was $1,700,000 which was reduced by a rental credit of approximately $135,000 which is equivalent to nine months’ rent at $15,000 a month and an additional credit of $9,500 for additional work done on the property. In connection with the purchase of the property, the Company made a cash payment as down payment plus payment of closing costs in the amount of $370,637 and issued a promissory note in the amount of $1,200,000 with a maturity of January 2020. The Company will pay monthly installments of principal and interest (at a rate of 2% per annum) in the amount of $13,500, commencing in July 2018 through the maturity date (January 2020), at which time the entire unpaid principal balance and any remaining accrued interest shall be due and payable in full. No amount was recorded for the premium for the below market rate feature of the note as it was immaterial. The note is secured by a deed of trust on the property. The Company performed an analysis and determined that the rate obtained was below market, however, no premium was recorded as the Company determined it was immaterial.   Debt maturities for instruments with terms greater than 1 year as of September 30, 2018 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: justify">Year:</td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 70%; text-align: justify">2019</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 27%; text-align: right">169,988</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">2020</td> <td> </td> <td> </td> <td style="text-align: right">1,909,446</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">2021</td> <td> </td> <td> </td> <td style="text-align: right">3,097</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify">2022</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2,082,531</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

12. Subsequent events   In October 2018, the Company entered into an Asset Purchase Agreement (“APA”) to acquire certain assets and assume certain liabilities of Yerba Oregon, LLC. The purchase price for the assets and assumption of liabilities is the greater of $4.613 million or multiples of 2018 and 2019 EBITDA of Yerba Oregon LLC, as required under the APA. Payment of the purchase price is as follows upon successful closing of the APA: $350,000 in cash at closing, a promissory note in the amount of $400,000 and the remainder in common shares of the Company based on the lesser of 85% of the average closing price of the stock as traded in the over the counter market 30 days prior to closing or $2.40 per share. The Company deposited into escrow with an attorney, upon signing the APA, 1,931,506 shares of its common stock. Closing of the APA is subject to certain requirements, including the issuance of state and local licenses, which is outside the control of the Company and the seller, which as of the date of these financial statements, had yet to be issued. Yerba Oregon, LLC operates a wholesale cannabis production and sales operation.   On December 27, 2018, the Company entered into an Agency Agreement with respect to a private offering of up to 10,000 special warrants of the Company (the “CD Special Warrants”) for aggregate gross proceeds of up to $10,000,000 (in Canadian funds, denoted herein as “C”) (the “Offering”). In addition, on December 27, 2018, the Company closed the first tranche of the Offering consisting of 3,121 CD Special Warrants at a price of C$1,000 per CD Special Warrant for aggregate gross proceeds of C$3,121,000.   Each CD Special Warrant will be exchanged (with no further action on the part of the holder thereof and for no further consideration) for one convertible debenture unit of the Company (a “Convertible Debenture Unit”), on the earlier of: (i) the third business day after the date on which both (A) a receipt (the “Receipt”) for a (final) prospectus (the “Qualification Prospectus”) qualifying the distribution of the Convertible Debentures (as defined below) and Warrants (as defined below) issuable upon exercise of the CD Special Warrants has been issued by the applicable securities regulatory authorities in the Canadian jurisdictions in which purchasers of the CD Special Warrants are resident (the “Canadian Jurisdictions”), and (B) a registration statement (the “Registration Statement”) registering the resale of the common shares underlying the Convertible Debentures and Warrants has been declared effective by the U.S. Securities and Exchange Commission (the “Registration”); and (ii) the date that is six months following the closing of the Offering. The Company has also provided certain registration rights to purchasers of the CD Special Warrants.   Each Convertible Debenture Unit is comprised of C$1,000 principal amount 8.0% senior unsecured convertible debenture (each, a “Convertible Debenture”) of the Company and 167 common share purchase warrants of the Company (each, a “Warrant”). Each Warrant entitles the holder to purchase one common share of the Company (each, a “Warrant Share”) at an exercise price of C$3.90 per Warrant Share for a period of 24 months following the closing of the Offering.   The Company has agreed to use its best efforts to obtain the Receipt and Registration within six months following the closing of the Offering. In the event that the Receipt and Registration have not been obtained on or before 5:00 p.m. (PST) on the date that is 120 days following the closing of the Offering, each unexercised CD Special Warrant will thereafter entitle the holder thereof to receive, upon the exercise thereof and at no additional cost, 1.05 Convertible Debenture Units per CD Special Warrant (instead of 1.0 Convertible Debenture Unit per CD Special Warrant). Until the Receipt and Registration have been obtained, securities issued in connection with the Offering (including any underlying securities issued upon conversion or exercise thereof) will be subject to a 6-month hold period from the date of issue.   The brokered portion of the Offering (C$2,247,000) was completed by a syndicate of agents (collectively, the “Agents”). The Company paid the Agents a cash commission equal to 7.0% of the gross proceeds raised in the first tranche of the brokered portion of the Offering. As additional consideration, the Company issued the Agents such number of non-transferable broker convertible debenture special warrants (the “Broker CD Special Warrants”) as is equal to 7.0% of the number of CD Special Warrants sold under the first tranche of the brokered portion of the Offering. Each Broker CD Special Warrant shall be exchanged, on the same terms as the CD Special Warrants, into broker warrants of the Company (the “Broker Warrants”). Each Broker Warrant entitles the holder to acquire one Convertible Debenture Unit at an exercise price of C$1,000, until the date that is 24 months from the closing date of the Offering. The distribution of the Broker Warrants issuable upon the exchange of the Broker CD Special Warrants shall also be qualified under the Qualification Prospectus and the resale of the common shares underlying the Broker Warrants will be registered under the Registration Statement. The Company also paid the lead agent a corporate finance fee equal to C$100,000, payable as to C$50,000 in cash and as to $50,000 in common shares of the Company at a price per share of C$3.00.   In October 2018, the Company issued an inducement offer to the holders of its convertible debentures such that the Company agreed to reduce the conversion price to $1.80 per share if the holders agreed to convert immediately. All holders of the convertible notes agreed to the inducement. As of the date these financial statements, the Company had issued 1,152,568 shares of its common stock in satisfaction of the conversion with another approximately 280,000 shares issuable.   In November and December 2018, the Company determined that Milestone’s 2 and 3 had been reached within the Multi-Party agreement (see Note 10) and therefore had issued 457,191 shares of its common stock in satisfaction of the requirement to issue common shares covering 20% of the cash expended by the seller to purchase and improve the property and is currently negotiating with the owner of the property, a director of the Company, in regards to an allocation of cash and mortgage principal in satisfaction of the purchase price of $4.395 million required, which the Company expects to close on in March 2019.   From October 1, 2018 through the date of these financial statements, the Company issued 425,000 shares of its common stock in satisfaction of compensation provisions within certain consulting agreements.   In November 2018, consultants exercised outstanding options and acquired 187,500 shares of the Company’s common stock.   In November 2018, a board member of the Company and several outside investors provided the Company with $3.5 million in cash to be dispensed to an entity being setup by the Company, and which has yet to open a checking account, which will be primarily owned and controlled by the board member, upon that entity completing its setup and opening up of a checking account.   In October and November 2018, the Company was advanced $270,000 by NVD in order to disperse those funds to its contractors for its buildout. As of the date of these financial statements, the funds were fully dispersed by the Company to the contractors of NVD.

Basis of preparation   The consolidated balance sheet includes all of the accounts of the Company as of September 30, 2018, presented in accordance with U.S. generally accepted accounting principles.

Principals of Consolidation   The accompanying consolidated financial statements include the accounts of Stem Holdings, Inc. and its wholly-owned subsidiaries, Stem Group Oklahoma, Inc., Stem Holdings Florida, Inc., Stem Holdings Oregon, Inc., Stem Holdings IP, Inc., Opco, LLC., and Stem Agri, LLC. All material intercompany accounts, transactions, and profits have been eliminated in consolidation. Our wholly owned subsidiaries had no operations, assets or liabilities as of September 30, 2018.

Use of estimates   The preparation of these financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Estimates and judgments used are based on management’s experience and the assumptions used are believed to be reasonable given the circumstances that exist at the time the financial statements are prepared. The significant estimates included in these financial statements are those associated with the assumptions used to value equity instruments, valuation of its properties for impairment testing and the deferral of rents. Actual results may differ from these estimates.

Cash and cash equivalents   Cash and cash equivalents include short-term investments with original maturities of three months or less and are recorded at cost, which approximates fair market value given the short-term nature.

Concentrations of Credit Risk   Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and our deferred rents. As of September 30, 2018, the Company had deposits in a major financial institution in excess of the FDIC insurance limit. The Company believes the risk of loss to be minimal as it maintains its cash balances at well capitalized financial institutions. As of September 30, 2018, the Company had deferrals of rent due to free rent periods of approximately $1.4 million as it completes the buildout of three of its properties. The Company is currently in the process of acquiring the entities that it currently rents to and believes as of the date of these financial statements that it will acquire those entities, and because of this, no impairment testing was performed due to the likelihood of success of that acquisition (see Note X). Should the Company be successful in its acquisition of the renters, the deferred rental asset will eliminate against the liability held by the affiliates and therefore no impairment would be necessary. Should the Company fail to acquire its renters in the upcoming fiscal year, then impairment of the deferred rents could be likely.

Carrying value, recoverability and impairment of long-lived assets   The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC’) 360 to evaluate its long-lived assets with determinate lives. The Company’s long-lived assets, which include property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company does not test for impairment in the year of acquisition of properties so long as those properties are acquired from unrelated third parties.   The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of long-lived assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the assets expected future discounted cash flows or market value, if readily determinable. If long- lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated and amortized over the newly determined remaining estimated useful lives.   The Company considers the following to be some examples of important indicators that may trigger an impairment review: (i) significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii) significant changes in the manner or use of assets or in the Company’s overall strategy with respect to the manner or use of the acquired assets or changes in the Company’s overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company’s stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events.   As of September 30, 2018, the Company performed its impairment analysis of its properties and determined that based on its valuation performed for the Mulino Farm project, an impairment in the value of its building and improvements was required, due to the nature of the property, its location and the specialized improvements the Company added to the property over the course of the fiscal year ended September 30, 2018. Based on its valuation, the Company has recorded an impairment of $784,000 as of September 30, 2018 (see Note 3) for the Mulino Farm property which is included in general and administrative expenses line item on the Statement of Operations

Capitalization of Project Costs   The Company’s policy is to capitalize all costs that are directly identifiable with a specific property, would be capitalized if the Company had already acquired the property, and when the property, or an option to acquire the property, is being actively sought after, and either funds are available or will likely become available in order to exercise their option. All amounts shown capitalized prior to acquisition of a property are included under the caption of Project Costs in the balance sheet.

Income Taxes   Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of currently due plus deferred taxes. Deferred tax assets and liabilities are determined based on differences between financial reporting carrying amounts and the respective tax bases of assets and liabilities and are measured using tax rates and laws that are expected to be in effect when the differences are expected to be recovered or settled. Valuation allowances are provided against deferred tax assets if it is more likely than not that the deferred tax assets will not be realized.   The Company follows the guidance of FASB ASC 740-10 which relates to the Accounting for Uncertainty in Income Taxes, which seeks to reduce the diversity in practice associated with the accounting and reporting for uncertainty in income tax positions. This interpretation prescribes a comprehensive model for financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns.

Fair value of financial instruments   As defined in the authoritative guidance, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.   To estimate fair value, the Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable.   The authoritative guidance establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (“Level 1” measurements) and the lowest priority to unobservable inputs (“Level 3” measurements). The three levels of the fair value hierarchy are as follows:   Level 1 — Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.   Level 2 — Other inputs that are observable, directly or indirectly, such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.   Level 3 — Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.   In instances in which multiple levels of inputs are used to measure fair value, hierarchy classification is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

Earnings per share   The Company presents basic and diluted per share amounts (“EPS”) data for its common shares. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated based on the weighted-average number of outstanding common shares plus the effect of dilutive potential common shares, using the treasury stock method. The Company’s calculation of diluted net loss per share excludes potential common shares as of September 30, 2018 as the effect would be anti-dilutive (i.e. would reduce the loss per share). As of September 30, 2018, the Company has 4,116,249 shares issuable upon note conversion, options and warrants exercisable into the common stock of the Company outstanding.

Emerging Growth Company   The Company has elected to be an emerging growth company as defined under the Jumpstart Our Business Startups Act of 2012 (“Jobs Act”). Included with this election, the Company has also elected to use the provisions within the Jobs Act that allow companies that go public to continue to use the private company adoption date rules for new accounting policies. Should the Company obtain revenues in excess of $1 billion on an annual basis, have its non-affiliated market capitalization increase to over $700 million as of the last day of its second quarter, or raise in excess of $1 billion in public offerings of its equity or instruments directly convertible into its equity, it will forfeit its status under the Jobs Act as an emerging growth company.

Property and Equipment   Property and equipment is stated at cost less accumulated depreciation and is depreciated using the straight-line method over the assets’ estimated useful life as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 30%; text-align: justify">Buildings</td> <td style="width: 70%; text-align: justify">20 years</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">Leasehold improvements</td> <td style="text-align: justify">Shorter of term of lease or economic life of improvement</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">Furniture and equipment</td> <td style="text-align: justify">5 years</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">Signage</td> <td style="text-align: justify">5 years</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">Software and related</td> <td style="text-align: justify">5 years</td></tr> </table>   Normal maintenance and repairs for equipment are charged to expense as incurred, while significant improvements are capitalized.

Property and equipment is stated at cost less accumulated depreciation and is depreciated using the straight-line method over the assets’ estimated useful life as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 30%; text-align: justify">Buildings</td> <td style="width: 70%; text-align: justify">20 years</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">Leasehold improvements</td> <td style="text-align: justify">Shorter of term of lease or economic life of improvement</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">Furniture and equipment</td> <td style="text-align: justify">5 years</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">Signage</td> <td style="text-align: justify">5 years</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">Software and related</td> <td style="text-align: justify">5 years</td></tr> </table>

At September 30 property and equipment consisted of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%">2018</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%">2017</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 107%">Automobile</td> <td style="width: 1%; line-height: 107%"> </td> <td style="width: 1%; line-height: 107%">$</td> <td style="width: 18%; text-align: right; line-height: 107%">18,275</td> <td style="width: 1%; line-height: 107%"> </td> <td style="width: 1%; line-height: 107%"> </td> <td style="width: 1%; line-height: 107%">$</td> <td style="width: 18%; text-align: right; line-height: 107%">18,275</td> <td style="width: 1%; line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">Signage</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">19,118</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">19,118</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Furniture and equipment</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">1,199,303</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">102,890</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">Leasehold improvements</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">2,718,519</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">1,573,044</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Buildings and property improvements</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">4,719,742</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">1,622,550</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">Land</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">300,000</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">-</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Software and related</td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">58,518</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">52,190</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%"> </td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Subtotal</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">9,033,475</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%">3,388,067</td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="text-align: right; line-height: 107%"> </td> <td style="line-height: 107%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">Accumulated depreciation and amortization</td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">(708,676</td> <td style="line-height: 107%">)</td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">(129,217</td> <td style="line-height: 107%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">Property, plant and equipment, net</td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">8,324,799</td> <td style="line-height: 107%"> </td> <td style="line-height: 107%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 107%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%">3,258,850</td> <td style="line-height: 107%"> </td></tr> </table>

2.40

0.15

2.40

1.95

2.40

3.00

41667

2688834

50000

250000

1362363

457191

6560941

9933

7500

3151074

15000

210231

7033

3024

315

0.02

14000

10000000

0.75

13800

64640

18750

6523

15000

13500

137230

975

298441

1442335

100000

425000

Revenue Recognition   The Company recognizes rental revenue from tenants, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured.   The Company makes estimates of the collectability of its tenant receivables related to base rents, straight-line rent and other revenues. In the current fiscal year, the Company began significant rental operations. The Company considers such things as historical bad debts, tenant creditworthiness, current economic trends, facility operating performance, lease structure, developments relevant to a tenant’s business, and changes in tenants’ payment patterns in its analysis of accounts receivable and its evaluation of the adequacy of the allowance for doubtful accounts. Specifically, for straight-line rent receivables, the Company’s assessment includes an estimation of a tenant’s ability to fulfill its rental obligations over the remaining lease term.

Real Estate Acquisition Valuation   All assets acquired and liabilities assumed in an acquisition of real estate are measured at their acquisition date fair values. The acquisition value of land, building and improvements are included in real estate investments on the accompanying consolidated balance sheets. Acquisition pursuit costs associated with asset acquisitions are capitalized. The Company has early adopted ASU 2017-01, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as businesses acquisitions. As a result of early adopting ASU 2017-01, real estate acquisitions did not meet the definition of a business combination and were deemed asset acquisitions, and the Company therefore capitalized its acquisition pursuit costs associated with these acquisitions.

Reclassifications   Certain amounts in the Company’s consolidated financial statements for prior periods have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods.

Related parties   Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.

1000000000

P20Y

P5Y

21749

100000

252445

14390

15710

27844

1200000

54702

1000000

400000

2018-03-07

2020-01-31

2018-03-01

2019-05-31

2019-03-31

0.18

0.24

0.0575

0.02

0.0799

0.08

0.080

75000

22105

904

442

13500

1160

4435

918000

656498

47902

304000

1268073

66314

2712

14950

13717

24364

31047

1363460

126264

3388067

9033475

18275

19118

1199303

2718519

4719742

58518

300000

18275

19118

102890

1573044

1622550

52190

129217

708676

One vote per share at meetings of the Company.

785000

1660416

400000

200000

150000

100000

2.40

4.00

2.40

P3Y

P4Y

P3Y

P5Y

P4Y

P3Y

P1Y

110000

1347500

100000

50000

100000

150000

12500

423889

1609164

0.01975

0.0291

0.0116

0.0193

49948

35557

0.02 0.03 0.03 0.03 0.03 0.12

1700000

9500

Advertising Costs   The Company follows the policy of charging the cost of advertising to expense as incurred. Advertising expense was $ 49,948 for the twelve months ended September 30, 2018 and $35,557 for the twelve months ended September 30, 2017.

440

5218

368000

139166

20833

97500

20000

10000

3121

167

2.40

2.50

2.40

1000

3.90

0.000

0.00

1.79

3.49

0.988

2.04

P2Y 0.10

1200000

1912543

-1143894

-298441

345370 212500 1200000 300000 64453

6328

52190

80662

171318

197203

matures 24 months after issuance

135000 0.15 0.15 2020-03-01 2020-04-01 550000 314000 28000 19000

The note has been cross guaranteed by the CEO and Director of the Company.

12322

3525

185318 41250

2194790

100000

1500000

975000

1301166

1284000

100000 297085

375000

1500000

375000

750000

4. Investment in equity method investees   In April 2018, the Company received a 37.5% interest in NVD RE Corp. (“NVD”) upon its issuance to NVD of a commitment to contribute $1.275 million to NVD. As of September 30, 2018, the Company had fully funded its commitment. NVD used the funds provided to date by the Company to acquire an under construction cannabis indoor grow building located near Las Vegas, Nevada and to continue the buildout of the property. The Company has no further commitment to fund the entity beyond its initial equity purchase commitment. NVD will lease its facilities upon completion to YMY Ventures, LLC (see Note 5).   For the period from acquisition through September 30, 2018, NVD had only minimal startup and buildout operations, which were not apportioned to these financials statements as of September 30, 2018 due to immateriality. As of September 30, 2018, the condensed balance sheet of NVD is shown below:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%">Assets</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 26%; text-align: right">1,282,541</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Liabilities</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; padding-left: 10pt">Total equity</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,282,541</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

Non-affiliated market capitalization increase to over $700 million as of the last day of its second quarter, or raise in excess of $1 billion in public offerings of its equity or instruments directly convertible into its equity,

Shorter of term of lease or economic life of improvement

2.40

2.23

4.00

2.40

2.685

2.40

4.15

2.40

300000000

100000000

493759

4985283

1000000000

P10Y

P3Y

215849 203000

4116249

-300829

4243

-345657

-975

No Yes Yes Non-accelerated Filer true false false false 0 100000

165779

6090001

150000

2076119

44388

4734163

6354860

10177496

100000 100 99900 41667

6570874

3158574

1432

3157142

2767

6568107

1412363

2688834

199917 -83 -200000 400000 -83333 560878 560878

314667

360150 150 360000 150000

240100

100

240000

527350

1055416

395000

660416

5677662

1334

5676328

12500 24875 13 24862

65886

160000

187500

-35

-1059019

11250

2325000

738936 150000 1000000 75000 527349

5. Due from Affiliates   In September 2018, the Company entered into an agreement to acquire 50% of the membership interest of YMY Ventures LLC (“YMY”). YMY is a startup operation located near Las Vegas, Nevada and owns a license for the production and sale of cannabis. The purchase price for the 50% interest is $750,000 with the first $375,000 paid into escrow upon signing, with the final $375,000 due upon closing, which under the agreement occurs when the license is transferred by the Nevada Department of Taxation and receipt of approval in transfer of ownership by the Division of Public and Behavioral Health of the City of North Las Vegas. As of September 30, 2018, the Company had funded the $375,000 into escrow and had provided the joint venture with additional funds primarily in the form of payments for work performed to acquire the license from the Nevada Department of Taxation in the amount of approximately $201,000. As of September 30, 2018 and the date of these financial statements, neither the license nor the transfer of membership interest had been issued or approved, however, the Company believes the license and transfer will be granted in FY 2019. In the event that no license is approved for transfer then the agreement automatically unwinds and the Company will receive the funds held in escrow and will have a claim for refund against YMY for amounts paid to obtain the license. Because of the automatic unwinding of the agreement in the event that the license grant or membership transfer are not approved, which are both outside the control of the Company and YMY, this has not been recorded as an equity method investment as of September 30, 2018, but as a due from affiliate. In the event of the failure of the license to be transferred, approximately $201,000 of the Company’s investment is at risk.   In July 2018, the Company entered into an agreement to acquire a 25% interest in East Coast Packers LLC (“ECP”) for the purchase price of $1.5 million, payable in the amount of $500,000 in cash at closing and a note for $1 million. All amounts are payable to ECP. At the time of closing, ECP was a dormant Florida LLC, but owned a citrus fruit dealer license active for the 2015-2016 growing season. This qualified ECP under newly enacted legislation in the state of Florida to apply for a license to produce and sell medical cannabis. Until such time as ECP is granted a medical cannabis license, the $500,000 paid into ECP may only be expended by ECP in acquiring a medical cannabis license. As of September 30, 2018 and the date of these financial statements, no license had been granted, however, the Company believes the license will be issued in FY 2019. In the event that ECP is unable to obtain the medical license, the agreement unwinds in full, the membership interest is returned to the seller and all amounts paid in not expended on the acquisition of the license are to be refunded to the Company along with cancellation of the $1 million note. Because the issuance of the license is outside the control of the Company and ECP and because the agreement unwinds in full in the event the license is not issued, this has not been recorded as an equity method investment as of September 30, 2018, but as a due from affiliate. In the event of the failure to obtain the license the approximately $500,000 cash investment is at risk.

7. Convertible debt   The Company issued a $100,000 promissory note dated December 1, 2017 to an accredited investor which matured on March 1, 2018 and has an annual rate of interest at 24%. Both principal and interest is due at maturity. The promissory note ranks senior to all obligations not designated as a primary obligation by the Company. As an inducement to issue the promissory note, the Company granted the holder warrants to acquire 20,833 shares of the Company’s common stock. The warrants have an exercise price of $2.40 per underlying common share and are exercisable for 2 years from the anniversary date of issuance (see Note 6) and were valued at approximately $46,000 and amortized to interest expense over the life of the initial note. On March 1, 2018, pursuant to the First Amendment to Loan Agreement and Promissory note, the parties agreed to extend the maturity date on the note for one more year (see Note 10) which includes the following terms; (1) interest payment of $6,000 due from the original note is to be paid (2) interest rate decreases from an annual rate of 24% to 8% (3) the Company has the right to prepay the note combined with accrued interest at any time prior to maturity (4) the lender has the right to call the note together with accrued interest not less than 30 days written notice to the Company (5) at any time prior to maturity of the note, lender has the option to convert the indebtedness with accrued interest into the Company’s common stock at the rate of $2.40 a share (see Note 12). At issuance, the Company determined that there was no beneficial conversion feature. The Company considered the amendment an extinguishment, however, its determination was that the reduction in interest was offset by the inclusion of the conversion feature and therefore no gain or loss on extinguishment was required.   The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; text-align: justify">Fair value of underlying common shares</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">2.40</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Exercise price</td> <td> </td> <td>$</td> <td style="text-align: right">2.40</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Dividend yield</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Historical volatility</td> <td> </td> <td> </td> <td style="text-align: right">181.0</td> <td>%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Risk free interest rate</td> <td> </td> <td> </td> <td style="text-align: right">1.45</td> <td>%</td></tr> </table>   In May and June 2018, the Company issued senior unsecured convertible debentures totaling $1,500,000 to accredited investors which matures May 2019 (see Note 10) and has an annual rate of interest at 8%. Accrued interest is payable quarterly in arrears on the fifth day of each calendar quarter. Interest is payable either in cash or in common shares of the Company based on the average closing price of the Company’s common shares for the 20 trading days prior to the payment date. The principal is payable at the earlier to occur of: 1) five days after the company has received in aggregate at least five million of new equity investment since the date of this debenture; or 2) the maturity date. The debenture ranks senior to all obligations not designated as a primary obligation by the Company. At any time prior to maturity of the note, the holder has the option to convert the indebtedness with accrued interest into the Company’s common stock at the rate of $2.50 a share, with standard anti-dilution protection (see Note 12). At issuance, the Company determined that there was no beneficial conversion feature.   At September 30, 2018, the Company issued nine senior unsecured convertible debentures totaling $975,000 executed in September of 2018 to accredited investors which mature in March 2019 (see Note 10) and has an annual rate of interest at 8% and includes a beneficial conversion feature which allows the holder to convert the note into common stock at a conversion price of $2.50 per share. In connection with these convertible notes, the Company issued warrants expiring three years from the date of issuance which allows the holders to purchase 97,500 shares of common stock at 2.50 per share, with standard anti-dilution protection (see Note 12). Accrued interest is payable in cash or common stock based on the market price at the date of payment which is at the sole discretion of the Company. The Company may prepay the debenture in whole or part at any time without being required to pay any penalty or premium for such privilege. The obligation evidenced by this note is subordinate to all obligations which are specifically designated by Company as priority obligations and pari passu to all obligations not so designated. At issuance, the Company determined that, on a relative fair value basis, the warrants and beneficial conversion feature had a value of approximately $435,000, which is being amortized on the effective interest method over the life of the notes. As of September 30, 2018, two note holders had signed and been issued their notes, but had not yet tendered the cash to the Company in the amount of $150,000, which has been shown on the balance sheet as of September 30, 2018 as Note payable subscription receivable. The two holders funded their commitments in October 2018 and November 2018.   The significant assumptions used to value the warrants granted, apart from the relative fair value calculation, in the twelve months ended September 30, 2018 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; text-align: justify">Fair value of underlying common shares</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">2.685</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Exercise price</td> <td> </td> <td>$</td> <td style="text-align: right">2.50</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Dividend yield</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Historical volatility</td> <td> </td> <td> </td> <td style="text-align: right">216.2</td> <td>%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Risk free interest rate</td> <td> </td> <td> </td> <td style="text-align: right">2.7</td> <td>%</td></tr> </table>   The table below shows the net amount outstanding as of September 30, 2018, after unamortized discount under the convertible notes:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid">Convertible Notes, Net of Discount</td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 73%">$100,000 convertible promissory note</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 24%; text-align: right">100,000</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>$1.5 million senior convertible promissory notes</td> <td> </td> <td> </td> <td style="text-align: right">1,500,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>$975,000 senior convertible promissory notes</td> <td> </td> <td> </td> <td style="text-align: right">975,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Unamortized discount</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(380,210</td> <td style="padding-bottom: 1.5pt">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2,194,790</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

8. Income Taxes   The income tax expense (benefit) consisted of the following for the fiscal year ended September 30, 2018 and 2017:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid"> September 30, 2018</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid"> September 30, 2017</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify">Total current</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">-</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">-</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify">Total deferred</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.   The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit for the fiscal year ended September 30, 2018 and 2017:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">September 30, 2018</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">September 30, 2017</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%">Federal statutory rate</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">(1,911,000</td> <td style="width: 1%">)</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">(934,000</td> <td style="width: 1%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>State taxes, net of federal benefit</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Effect of change in US Tax rates for deferral items</td> <td> </td> <td> </td> <td style="text-align: right">989,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">208,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Other</td> <td> </td> <td> </td> <td style="text-align: right">44,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Change in valuation allowance</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">878,000</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">726,000</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   In the table above, the expected tax benefit is calculated at the 2017 statutory rate of 34%. The effect for temporary timing differences are also calculated at the 34% statutory rate effective for fiscal year ended September 30, 2018. Long-term temporary differences are calculated at the 25% statutory rate effective for years ending on or after December 31, 2018.   Significant components of the Company’s deferred tax assets and liabilities were as follows for the fiscal year ended September 30, 2018 and 2017:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">September 30, 2018</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">September 30, 2017</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Deferred tax assets:</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt; text-align: justify">Net operating loss carryforwards</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">2,212,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">546,000</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify">Equity based compensation</td> <td> </td> <td> </td> <td style="text-align: right">204,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">204,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify">Impairment of loan receivable</td> <td> </td> <td> </td> <td style="text-align: right">75,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">75,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: justify">Depreciation</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">6,000</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Total deferred tax assets</td> <td> </td> <td> </td> <td style="text-align: right">2,491,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">831,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Deferred tax liabilities</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify">Depreciation</td> <td> </td> <td> </td> <td style="text-align: right">857,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: justify">Deferred revenue</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">75,000</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Total deferred tax liabilities</td> <td> </td> <td> </td> <td style="text-align: right">857,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">75,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Net deferred tax assets</td> <td> </td> <td> </td> <td style="text-align: right">1,634,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">756,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify">Less valuation allowance</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(1,634,000</td> <td style="padding-bottom: 1.5pt">)</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(756,000</td> <td style="padding-bottom: 1.5pt">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify">Net deferred tax assets (liabilities)</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   At September 30, 2018, the Company had net operating loss carryforwards for federal and state income tax purposes of approximately $8,196,000. The federal and state net operating loss carryforwards will expire beginning in 2036.   During the fiscal year ended September 30, 2018 and 2017, the Company recognized no amounts related to tax interest or penalties related to uncertain tax positions. The Company is subject to taxation in the United States and various state jurisdictions. The Company currently has no years under examination by any jurisdiction.

Instruments to Purchase Common Stock and Other Derivative Financial Instruments   We classify as equity any contracts that require physical settlement or net-share settlement or provide us a choice of net-cash settlement or settlement in our own shares (physical settlement or net-share settlement) provided that such contracts are indexed to our own stock. We classify as assets or liabilities any contracts that require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside our control) or give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). We assess the classification of instruments issued to purchase our common stock and any other financial instrument at each reporting date to determine whether a change in classification between assets and liabilities is required. Geographical Concentrations   As of September 30, 2018, the Company primarily rents to entities engaged in the production and sale of cannabis, which is only legal for recreational use in 10 states, with lesser legalization, such as for medical use in an additional 21 states, as of the time of these financial statements. Beneficial Conversion Feature   The Company issued convertible notes that have conversion prices that create an embedded beneficial conversion feature on the issuance date. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of any attached equity instruments, if any related equity instruments were granted with the debt, on a relative fair market basis. The Company estimates the fair value of its common stock using the most recent selling price available. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid-in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.

Recent Accounting Guidance   On August 29, 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract (“ASU 2018-15”), which align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). ASU 2018-15 is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption of the amendments is permitted including adoption in any interim period. The amendments in ASU 2018-15 should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement: Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which changes the fair value measurement disclosure requirements of ASC 820. ASU 2018-13 is effective for all entities for fiscal years beginning after December 15, 2019, including interim periods therein. Early adoption is permitted for any eliminated or modified disclosures upon issuance of ASU 2018-13. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 expands the guidance in Topic 718 to include share-based payments for goods and services to non-employees and generally aligns it with the guidance for share-based payments to employees. The amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. The standard provides companies with a single model for use in accounting for revenue arising from contracts with customers and will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective, including industry-specific revenue guidance. The standard specifically excludes lease contracts. The ASU allows for the use of either the full or modified retrospective transition method and will be effective for the Company on October 1, 2019, at which time the Company expects to adopt the updated standard using the modified retrospective approach. However, as the majority of the Company’s revenue is from rental income related to leases, the ASU will not have a material impact on the consolidated financial statements. Related disclosures will be provided and/or updated pursuant to the requirements of the ASU.   In February 2016, the FASB issued ASU No. 2016-02, Leases. The standard amends the existing lease accounting guidance and requires lessees to recognize a lease liability and a right-of-use asset for all leases (except for short-term leases that have a duration of one year or less) on their balance sheets. Lessees will continue to recognize lease expense in a manner similar to current accounting. For lessors, accounting for leases under the new guidance is substantially the same as in prior periods, but eliminates current real estate-specific provisions and changes the treatment of initial direct costs. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparable period presented, with an option to elect certain transition relief. Full retrospective application is prohibited. The standard will be effective for the Company on October 1, 2020; however, early adoption of the ASU is permitted. While the Company is currently evaluating the effect that the updated standard will have on our consolidated financial statements and related disclosures, we expect to adopt the guidance on its effective date, at which time we anticipate recognizing right-of-use assets and related lease liabilities on our consolidated balance sheets related to ground leases for any communities where we are the lessee.   In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 provides guidance for recognizing credit losses on financial instruments based on an estimate of current expected credit losses model. The amendments are effective for fiscal years beginning after December 15, 2019. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires that lessees recognize assets and liabilities for leases with lease terms greater than twelve months in the statement of financial position and also requires improved disclosures to help users of financial statements better understand the amount, timing and uncertainty of cash flows arising from leases. The FASB issued subsequent amendments to improve and clarify the implementation guidance of Topic 842. The amendments are effective for fiscal years beginning after December 15, 2018. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.   In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of this amendment is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The FASB issued subsequent amendments to improve and clarify the implementation guidance of Topic 606. This standard is effective for annual reporting periods beginning after December 15, 2017. We are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, and systems.

As of September 30, 2018, the condensed balance sheet of NVD is shown below:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%">Assets</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 26%; text-align: right">1,282,541</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Liabilities</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; padding-left: 10pt">Total equity</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,282,541</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

The income tax expense (benefit) consisted of the following for the fiscal year ended September 30, 2018 and 2017:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid"> September 30, 2018</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid"> September 30, 2017</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify">Total current</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">-</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">-</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify">Total deferred</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit for the fiscal year ended September 30, 2018 and 2017:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">September 30, 2018</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">September 30, 2017</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%">Federal statutory rate</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">(1,911,000</td> <td style="width: 1%">)</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">(934,000</td> <td style="width: 1%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>State taxes, net of federal benefit</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Effect of change in US Tax rates for deferral items</td> <td> </td> <td> </td> <td style="text-align: right">989,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">208,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Other</td> <td> </td> <td> </td> <td style="text-align: right">44,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Change in valuation allowance</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">878,000</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">726,000</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

Significant components of the Company’s deferred tax assets and liabilities were as follows for the fiscal year ended September 30, 2018 and 2017:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">September 30, 2018</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">September 30, 2017</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Deferred tax assets:</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt; text-align: justify">Net operating loss carryforwards</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">2,212,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">546,000</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify">Equity based compensation</td> <td> </td> <td> </td> <td style="text-align: right">204,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">204,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify">Impairment of loan receivable</td> <td> </td> <td> </td> <td style="text-align: right">75,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">75,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: justify">Depreciation</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">6,000</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Total deferred tax assets</td> <td> </td> <td> </td> <td style="text-align: right">2,491,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">831,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Deferred tax liabilities</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify">Depreciation</td> <td> </td> <td> </td> <td style="text-align: right">857,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: justify">Deferred revenue</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">75,000</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Total deferred tax liabilities</td> <td> </td> <td> </td> <td style="text-align: right">857,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">75,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Net deferred tax assets</td> <td> </td> <td> </td> <td style="text-align: right">1,634,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">756,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify">Less valuation allowance</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(1,634,000</td> <td style="padding-bottom: 1.5pt">)</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(756,000</td> <td style="padding-bottom: 1.5pt">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify">Net deferred tax assets (liabilities)</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">-</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

The significant assumptions used to value the options granted in the twelve months ended September 30, 2018 and 2017 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center">For fiscal years ended September 30,</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">2018</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">2017</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify">Fair value of underlying common shares</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">2.23 to $4.00</td> <td style="width: 3%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">2.40</td> <td style="width: 3%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Exercise price</td> <td> </td> <td>$</td> <td style="text-align: right">2.40 to $4.15</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">2.40</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Dividend yield</td> <td> </td> <td> </td> <td style="text-align: right">0.0</td> <td>%</td> <td> </td> <td> </td> <td style="text-align: right">0</td> <td>%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Historical volatility</td> <td> </td> <td> </td> <td style="text-align: right">179% to 349</td> <td>%*</td> <td> </td> <td> </td> <td style="text-align: right">98.8% to 204</td> <td>%*</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Risk free interest rate</td> <td> </td> <td> </td> <td style="text-align: right">1.975% to 2.91</td> <td>%</td> <td> </td> <td> </td> <td style="text-align: right">1.16% to 1.93</td> <td>%</td></tr> </table>   * the Company has used the historic volatility of the average of a basket of 6 companies engaged in providing both ancillary type services and direct production and sale to the cannabis industry as an approximation of its expected volatility.

The following table includes our commitment under this lease and its amendment over the following five years as of September 30, 2018 (excluding amounts receivable under the sublease with a related party described below):   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid">Year:</td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%">2019</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 21%; text-align: right">167,788</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2020</td> <td> </td> <td> </td> <td style="text-align: right">188,795</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>2021</td> <td> </td> <td> </td> <td style="text-align: right">173,525</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2022</td> <td> </td> <td> </td> <td style="text-align: right">160,665</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Thereafter</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">698,716</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,389,489</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>   The following table shows the expected net rental payments to be received under the leases noted above as of September 30:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid">Year:</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%">2019</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 30%; text-align: right">789,845</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2020</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,275,532</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>2021</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,313,928</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2022</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,353,466</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Thereafter</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">9,569,105</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">14,301,876</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

The table below shows the net amount outstanding as of September 30, 2018, after unamortized discount under the convertible notes:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid">Convertible Notes, Net of Discount</td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 73%">$100,000 convertible promissory note</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 24%; text-align: right">100,000</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>$1.5 million senior convertible promissory notes</td> <td> </td> <td> </td> <td style="text-align: right">1,500,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>$975,000 senior convertible promissory notes</td> <td> </td> <td> </td> <td style="text-align: right">975,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Unamortized discount</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(380,210</td> <td style="padding-bottom: 1.5pt">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2,194,790</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

Debt maturities for instruments with terms greater than 1 year as of September 30, 2018 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: justify">Year:</td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 70%; text-align: justify">2019</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 27%; text-align: right">169,988</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">2020</td> <td> </td> <td> </td> <td style="text-align: right">1,909,446</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">2021</td> <td> </td> <td> </td> <td style="text-align: right">3,097</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify">2022</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2,082,531</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

-379277

-113034

44388

1301166

29500

1400000 1555500

957000

1500000

975000

1000

75000

3097

1909446

169988

2082531

0.375

1275000

1282541

4613000

1282541

201000

500000

201000

500000

1000000

46000

0.24

0.08

2.40

2.50

1.80

435000

2.40 2.40 2.50 0.00 1.814 0.0147 0.00 1.810 0.0145 0.00 2.162 0.027

0.34

The expected tax benefit is calculated at the 2017 statutory rate of 34%. The effect for temporary timing differences are also calculated at the 34% statutory rate effective for fiscal year ended September 30, 2018. Long-term temporary differences are calculated at the 25% statutory rate effective for years ending on or after December 31, 2018.

8196000

expire beginning in 2036

-1911000

-934000

989000

208000

44000

878000

726000

546000

2212000

204000

75000 75000 6000 831000 2491000 857000

75000

857000

756000

1634000

756000

1634000

The Company adopted a plan to allow the Company to compensate prospective and current employees, directors and consultants through the issuance of equity instruments of the Company. The plan has an effective life of 10 years. The plan is administered by the board of directors of the Company until such time as the board transfers responsibility to a committee of the board. The plan is limited to issuing common shares of the Company up to 15% of the total shares then outstanding.

300000

150000

250000

650000

2105000

40416 210942

P2Y

P3Y

P2Y

650000

2585000

226111

711947

2.40

2.55

2.40

2.92

2.40

2.59

2.40 2.68

2.40

1.88 2.31 1.78 2.87 1.88 1.88 2.44 2.44

1.93

2.39

P2Y9M3D P2Y9M3D P3Y7D P3Y7D

P2Y11M19D

P3Y

P2Y9M3D

P2Y9M14D

P2Y4M9D P3Y5M27D

A summary of the change in stock purchase options outstanding for the period ended September 30, 2018 and 2017 is as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Weighted</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Remaining</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Average</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Contractual</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td> </td> <td colspan="2" style="text-align: center">Options</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Exercise</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Grant Date</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Life</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Outstanding</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Price</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Fair Value</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">(Years)</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Balance – September 30, 2016</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%">Options issued</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">650,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">2.40</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 11%; text-align: right">1.88</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">2.76</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Options expired/cancelled</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Options exercised</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Balance – September 30, 2017</td> <td> </td> <td> </td> <td style="text-align: right">650,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.40</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1.88</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.76</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options issued</td> <td> </td> <td> </td> <td style="text-align: right">2,105,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.59</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.44</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">3.02</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Options expired/cancelled</td> <td> </td> <td> </td> <td style="text-align: right">(10,000</td> <td>)</td> <td> </td> <td> </td> <td style="text-align: right">2.40</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Options exercised</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(160,000</td> <td style="padding-bottom: 1.5pt">)</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">2.40</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">Balance – September 30, 2018</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">2,585,000</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2.55</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2.31</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">2.79</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   The following table shows information on our vested and unvested options outstanding during the years ended September 30, 2018 and 2017:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Average</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Contractual</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Options</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Exercise</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Grant Date</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Life</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: right">Outstanding</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Price</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Fair Value</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">(Years)</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Balance – September 30, 2016, unvested</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%">Options issued</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">650,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">2.40</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">1.88</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 11%; text-align: right">2.76</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Options vested</td> <td> </td> <td> </td> <td style="text-align: right">(423,889</td> <td>) </td> <td> </td> <td> </td> <td style="text-align: right">2.40</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1.93</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.97</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Options expired/cancelled</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Balance – September 30, 2017, unvested</td> <td> </td> <td> </td> <td style="text-align: right">226,111</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.40</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1.78</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.36</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options issued</td> <td> </td> <td> </td> <td style="text-align: right">2,105,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.59</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.44</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">3.02</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Options vested</td> <td> </td> <td> </td> <td style="text-align: right">(1,609,164</td> <td>)</td> <td> </td> <td> </td> <td style="text-align: right">2.68</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2.39</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">3.0</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options expired/cancelled</td> <td> </td> <td> </td> <td style="text-align: right">(10,000</td> <td>)</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">Balance – September 30, 2018, unvested</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">711,947</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2.92</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">2.87</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">3.49</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

The following table shows the warrants outstanding as of September 30, 2018:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td> </td> <td colspan="2" style="text-align: center">Warrants</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Outstanding</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Balance – September 30, 2017</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 76%; text-align: justify">Warrants issued</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 21%; text-align: right">159,166</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Warrants expired/cancelled</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify">Warrants exercised</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify">Balance – September 30, 2018</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">159,166</td> <td style="padding-bottom: 2.5pt"></td></tr> </table>

P2Y9M3D P2Y4M9D

159166

8900000

1442335

The expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.

The Company has subleased this space pursuant to a 10-year lease. On February 22, 2018, both parties executed a lease addendum that adds contiguous property for 12,322 square feet. The term commences November 1, 2017 and continues through November 31, 2026 at a rate of $3,525 a month that escalates after the first year.

1.00 0.25

167788

789845

188795

1275532

173525

1313928

160665

1353466

698716

9569105

1389489

14301876

1.00

2.40

500000

1048762

2452058

53534

10000000

3121000

0.070 0.070 50000 100000 50000

380210

11. Merger of Patch International, Inc.   In November 2016, the Company entered into an agreement to acquire 100% of the issued and outstanding shares of Patch International, Inc. (“Patch”). In order to close the transaction, Patch was required to submit for approval to certain Canadian government courts, hold a general meeting of its shareholders and have the shareholders vote to approve the merger, and certain other customary requirements. As of the time of the agreement, Patch did not have any operations, and is considered a dormant entity. The Company issued shares of its common stock based on a price of $2.40 per common share, with the number of shares issued based on the amount of cash held at the time of closing of the transaction, converted from Canadian dollars into US dollars. In addition, the Company has agreed to issue to Patch shareholders additional shares at the same $2.40 per share in the event that the Company collects on a fully reserved receivable in the amount of $500,000 owed to Patch by a related party. As of the date of the acquisition and of these financial statements, the Company considers the receivable uncollectible (as did Patch, which reserved 100% of the outstanding receivable in its audited financial statements) and does not anticipate issuing additional shares for its collection.   On January 20, 2017, the Patch Shareholders held their general meeting and they voted to be acquired by the Company. On January 23, 2017, the Company issued 1,048,762 of its shares to acquire 100% of the issued and outstanding shares of Patch for consideration in the amount of $2,452,058. Two shareholders, representing less than 2% of Patch shares outstanding have chosen to not vote for the merger. Under Canadian law, the Company was required to purchase these shares for cash consideration in the amount $53,534.53 US dollars. The Company has treated the payment to acquire the dissenter shares as a reduction in the cash acquired.   The Company has not accounted for the acquisition of Patch as a business combination, but in essence as a private placement, because Patch was a dormant entity with its only asset being cash, with no liabilities (they were required to be fully extinguished prior to the completion of the merger), and with no operations other than incurred professional fees to remain a public entity in Canada.

0.50

0.25

168000

106466

838159

0.02

The note is non-interest bearing and requires four monthly payments of $75,000 plus a final payment for the remaining amount due immediately thereafter plus fees.

The principal is payable at the earlier to occur of: 1) five days after the company has received in aggregate at least five million of new equity investment since the date of this debenture; or 2) the maturity date.

On March 1, 2018, pursuant to the First Amendment to Loan Agreement and Promissory note, the parties agreed to extend the maturity date on the note for one more year (see Note 10) which includes the following terms; (1) interest payment of $6,000 due from the original note is to be paid (2) interest rate decreases from an annual rate of 24% to 8% (3) the Company has the right to prepay the note combined with accrued interest at any time prior to maturity (4) the lender has the right to call the note together with accrued interest not less than 30 days written notice to the Company (5) at any time prior to maturity of the note, lender has the option to convert the indebtedness with accrued interest into the Company's common stock at the rate of $2.40 a share (see Note 12).

The Company based on the lesser of 85% of the average closing price of the stock as traded in the over the counter market 30 days prior to closing or $2.40 per share.

6000

1295694

326041

The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; text-align: justify">Fair value of underlying common shares</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">2.40</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Exercise price</td> <td> </td> <td>$</td> <td style="text-align: right">2.40</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Dividend yield</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Historical volatility</td> <td> </td> <td> </td> <td style="text-align: right">181.0</td> <td>%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Risk free interest rate</td> <td> </td> <td> </td> <td style="text-align: right">1.45</td> <td>%</td></tr> </table>   The significant assumptions used to value the warrants granted, apart from the relative fair value calculation, in the twelve months ended September 30, 2018 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; text-align: justify">Fair value of underlying common shares</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">2.685</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Exercise price</td> <td> </td> <td>$</td> <td style="text-align: right">2.50</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Dividend yield</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Historical volatility</td> <td> </td> <td> </td> <td style="text-align: right">216.2</td> <td>%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Risk free interest rate</td> <td> </td> <td> </td> <td style="text-align: right">2.7</td> <td>%</td></tr> </table> The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; text-align: justify">Fair value of underlying common shares</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">2.40</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Exercise price</td> <td> </td> <td>$</td> <td style="text-align: right">2.40</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Dividend yield</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Historical volatility</td> <td> </td> <td> </td> <td style="text-align: right">181.4</td> <td>%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Risk free interest rate</td> <td> </td> <td> </td> <td style="text-align: right">1.47</td> <td>%</td></tr> </table>

350000

0.85

2.40

1931506

2247000

0.20 0.20 3500000

10000

1152568

280000 4395000 4395000 270000 270000

784000

The Company has used the historic volatility of the average of a basket of 6 companies engaged in providing both ancillary type services and direct production and sale to the cannabis industry as an approximation of its expected volatility.

EX-101.SCH 7 stemh-20180930.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statement of Changes in Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Incorporation and Operations and Going Concern link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Property, Plant & Equipment link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Investment in Equity Method Investees link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Due from Affiliates link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Notes Payable and Advances link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Convertible Debt link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Shareholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Merger of Patch International, Inc. link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Property, Plant & Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Investment in Equity Method Investees (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Notes Payable and Advances (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Convertible Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Shareholders' Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Commitments and Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Property, Plant & Equipment (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Property, Plant & Equipment - Schedule of Property, Plant and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Investment in Equity Method Investees (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Investment in Equity Method Investees - Schedule of Condensed Balance Sheet (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Due from Affiliates (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Notes Payable and Advances (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Notes Payable and Advances - Schedule of Assumptions Value Warrant Granted (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Notes Payable and Advances - Schedule of Debt Maturities for Instruments (Details) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Convertible Debt (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Convertible Debt - Schedule of Assumptions Value Warrant Granted (Details) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Convertible Debt - Schedule of Converible Notes Outstanding After Unamortized Discount (Details) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Convertible Debt - Schedule of Converible Notes Outstanding After Unamortized Discount (Details) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Income Taxes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) link:presentationLink link:calculationLink link:definitionLink 00000044 - Disclosure - Income Taxes - Schedule of Reconciliation of Expected Statutory Federal Income Tax Provision (Details) link:presentationLink link:calculationLink link:definitionLink 00000045 - Disclosure - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 00000046 - Disclosure - Shareholders' Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000047 - Disclosure - Shareholders' Equity - Schedule of Assumptions Used (Details) link:presentationLink link:calculationLink link:definitionLink 00000048 - Disclosure - Shareholders' Equity - Summary of Options Activity and Vested and Unvested Options Outstanding (Details) link:presentationLink link:calculationLink link:definitionLink 00000049 - Disclosure - Shareholders' Equity - Schedule of Warrants Outstanding (Details) link:presentationLink link:calculationLink link:definitionLink 00000050 - Disclosure - Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000051 - Disclosure - Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) link:presentationLink link:calculationLink link:definitionLink 00000052 - Disclosure - Merger of Patch International, Inc (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000053 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 stemh-20180930_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 stemh-20180930_def.xml XBRL DEFINITION FILE EX-101.LAB 10 stemh-20180930_lab.xml XBRL LABEL FILE Class of Stock [Axis] Series A Preferred Stock [Member] Series B Preferred Stock [Member] Related Party [Axis] Seller [Member] Type of Arrangement and Non-arrangement Transactions [Axis] Multi Party Agreement [Member] Operating Lease Agreement [Member] Title of Individual [Axis] Marijuana Dispensary [Member] Lease Agreement [Member] Legal Entity [Axis] Springfield [Member] Lease Agreement One [Member] Lease Agreement Two [Member] Property, Plant and Equipment, Type [Axis] Buildings [Member] Leasehold Improvements [Member] Furniture and Equipment [Member] Signage [Member] Software and Related [Member] Automobile [Member] Buildings and Property Improvements [Member] Debt Instrument [Axis] Promissory Note [Member] Accredited Investor [Member] Unaffiliated Investors [Member] Common Shares [Member] Consulting Agreement [Member] Equity Components [Axis] Options [Member] 10-Month Premium Finance Agreement [Member] Notes Payable Two [Member] Land [Member] First Amendment to Loan Agreement and Promissory Note [Member] Range [Axis] Maximum [Member] Minimum [Member] Notes Payable Three [Member] Contract for Sale [Member] Mulino Property [Member] Scenario [Axis] July 2018 [Member] Real Estate, Type of Property [Axis] Willamette Property [Member] Two Founders [Member] 36-Month Premium Finance Agreement [Member] Notes Payable [Member] 24-Month Premium Finance Agreement [Member] Notes Payable One [Member] Powell Property [Member] Employment Agreement [Member] Warrants Granted [Member] Investment, Name [Axis] NVD RE Corp [Member] Additional Paid-In Capital [Member] Subscription Receivable [Member] Accumulated Deficit [Member] 9-Month Premium Finance Agreement [Member] Notes Payable Four [Member] Sale of Stock [Axis] Private Placement [Member] Investor [Member] YMY Ventures LLC [Member] First Due [Member] Final Due [Member] East Coast Packers LLC [Member] Senior Unsecured Convertible Debentures [Member] Nine Senior Unsecured Convertible Debentures [Member] Convertible Promissory Note [Member] Senior Convertible Promissory Note One [Member] Senior Convertible Promissory Note Two [Member] Convertible Notes [Member] Common Stock One [Member] Product and Service [Axis] Consulting Services [Member] Income Statement Location [Axis] Prepaid Expense and Amortized Expense [Member] Professional Services [Member] Employees and Consultants [Member] First Consulting Agreement [Member] First Consultant Agreement [Member] Vesting [Axis] Vest Six Months [Member] Vest One Year After [Member] Second Consulting Agreement [Member] Third Consulting Agreement [Member] Consultants [Member] CEO and CFO [Member] Officers [Member] Two Board Members [Member] Consultant [Member] Option Indexed to Issuer's Equity, Type [Axis] Stock Purchase Options [Member] Vested and Unvested Options [Member] Business Acquisition [Axis] Patch International Inc [Member] Two Shareholders [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Class of Warrant or Right [Axis] CD Special Warrant [Member] 8.0% Senior Unsecured Convertible Debenture [Member] First Tranche [Member] Award Type [Axis] CAD Dollar [Member] Cash and Cash Equivalents [Axis] Cash [Member] Escrow [Member] Property Rental Agreements [Member] Geographic Distribution [Axis] 7827 SE Powell [Member] Measurement Input Type [Axis] Exercise Price [Member] Dividend Yield [Member] Historical Volatility [Member] Risk Free Interest Rate [Member] Convertible Debt [Member] Convertible Debt One [Member] Asset Purchase Agreement [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Well-known Seasoned Issuer Entity Voluntary Filer Entity Current Reporting Status Entity Filer Category Entity Small Business Flag Entity Emerging Growth Company Entity Ex Transition Period Entity Shell Company Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement [Table] Statement [Line Items] ASSETS CURRENT ASSETS: Cash and cash equivalents Prepaid expenses and other current assets Notes payable subscriptions receivable Equity subscriptions receivable Total current assets Property and equipment, net Other assets Investment in equity method investees Investment in affiliates Deposits and other assets Deferred rent - related parties Total other assets TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses Due to related parties Convertible notes, net of debt discount Short term notes and advances Current portion of long-term notes Total current liabilities Long-term debt, net of long-term portion TOTAL LIABILITIES Commitments and contingencies STOCKHOLDERS' EQUITY Preferred stock value Common stock, $0.001 par value, 300,000,000 shares authorized, 10,177,496 and 6,354,860 shares issued, issuable and outstanding as of September 30, 2018 and September 30, 2017 respectively. Additional paid-in capital Accumulated deficit Total stockholders' equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Revenues - related parties Operating expenses Consulting fees Professional fees General and administration Impairment of advance- related party Stock based compensation Total expenses Operating loss EX-101.PRE 11 stemh-20180930_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Sep. 30, 2018	Jan. 07, 2019	Mar. 31, 2018
Document And Entity Information
Entity Registrant Name	Stem Holdings, Inc.
Entity Central Index Key	0001697834
Document Type	10-K
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		14,232,266
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018

XML 13 R2.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets - USD ($)	Sep. 30, 2018	Sep. 30, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 761,351	$ 391,389
Prepaid expenses and other current assets	993,619	106,466
Notes payable subscriptions receivable	150,000
Equity subscriptions receivable		100,000
Total current assets	1,904,970	597,855
Property and equipment, net	8,324,799	3,258,850
Other assets
Investment in equity method investees	1,301,166
Investment in affiliates	2,076,119
Deposits and other assets	165,663	195,318
Deferred rent - related parties	1,442,335	298,441
Total other assets	4,985,283	493,759
TOTAL ASSETS	15,215,052	4,350,464
CURRENT LIABILITIES:
Accounts payable and accrued expenses	511,007	101,377
Due to related parties	33,600	16,500
Convertible notes, net of debt discount	2,194,790
Short term notes and advances	1,268,073	47,902
Current portion of long-term notes	169,988
Total current liabilities	4,177,458	165,779
Long-term debt, net of long-term portion	1,912,543
TOTAL LIABILITIES	6,090,001	165,779
Commitments and contingencies
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value, 300,000,000 shares authorized, 10,177,496 and 6,354,860 shares issued, issuable and outstanding as of September 30, 2018 and September 30, 2017 respectively.	10,582	6,433
Additional paid-in capital	19,809,215	7,012,603
Accumulated deficit	(10,694,746)	(2,834,351)
Total stockholders' equity	9,125,051	4,184,685
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	15,215,052	4,350,464
Series A Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock value
Series B Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock value

XML 14 R3.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2018	Sep. 30, 2017
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	10,177,496	6,354,860
Common stock, shares outstanding	10,177,496	6,354,860
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares outstanding
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares outstanding

XML 15 R4.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Revenues - related parties	$ 1,295,694	$ 326,041
Operating expenses
Consulting fees	215,849	203,000
Professional fees	778,992	273,399
General and administration	3,020,915	827,907
Impairment of advance- related party		297,085
Stock based compensation	4,839,504	1,475,545
Total expenses	8,855,260	3,076,936
Operating loss	(7,559,566)	(2,750,895)
Other income and (expenses):
Interest expense	(345,657)	(975)
Interest income	440	5,218
Other income	44,388
Total other income (expense), net	(300,829)	4,243
Net loss before income taxes	(7,860,395)	(2,746,652)
Provision for income taxes
Net loss for the period	$ (7,860,395)	$ (2,746,652)
Basic and diluted loss per common share	$ (0.95)	$ (0.49)
Basic and diluted weighted average common shares outstanding	8,305,383	5,596,989

XML 16 R5.htm IDEA: XBRL DOCUMENT

Consolidated Statement of Changes in Stockholders' Equity - USD ($)	Common Shares [Member]	Additional Paid-In Capital [Member]	Subscription Receivable [Member]	Accumulated Deficit [Member]	Total
Beginning balance at Sep. 30, 2016	$ 4,734	$ 2,480,016	$ (400,000)	$ (87,699)	$ 1,997,051
Beginning balance, shares at Sep. 30, 2016	4,734,163
Common stock issued for cash	$ 1,432	3,157,142			3,158,574
Common stock issued for cash, shares	1,412,363
Issuance of common stock for subscription receivable	$ 100	99,900			100,000
Issuance of common stock for subscription receivable, shares	41,667
Amendment and collection of 2016 subscription receivable	$ (83)	(200,000)	400,000		199,917
Amendment and collection of 2016 subscription receivable, shares	(83,333)
Options issued to consultant		560,878			560,878
Options issued to Officers and Directors		314,667			314,667
Common stock issued to Officers	$ 150	360,000			360,150
Common stock issued to Officers, shares	150,000
Common stock issued for services	$ 100	240,000			240,100
Common stock issued for services, shares	100,000
Net loss				(2,746,652)	(2,746,652)
Ending balance at Sep. 30, 2017	$ 6,433	7,012,603		(2,834,351)	4,184,685
Ending balance, shares at Sep. 30, 2017	6,354,860
Common stock issued for cash	$ 2,767	6,568,107			6,570,874
Common stock issued for cash, shares	2,688,834
Beneficial conversion feature and warrants attached to convertible notes		527,350			527,350
Stock based compensation	$ 1,334	5,676,328			5,677,662
Stock based compensation, shares	1,055,416
Common stock issued for legal settlement	$ 13	24,862			24,875
Common stock issued for legal settlement, shares	12,500
Common stock issued for options exercised	$ 35	(35)
Common stock issued for options exercised, shares	65,886
Net loss				(7,860,395)	(7,860,395)
Ending balance at Sep. 30, 2018	$ 10,582	$ 19,809,215		$ (10,694,746)	$ 9,125,051
Ending balance, shares at Sep. 30, 2018	10,177,496

XML 17 R6.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the period	$ (7,860,395)	$ (2,746,652)
Adjustments to reconcile net loss to cash used in operations:
Stock based compensation	4,839,504	1,475,545
Impairment of advance-related party		297,085
Non-cash interest	197,203
Settlement gain	(44,388)
Depreciation, amortization and impairment	1,363,460	129,217
(Increase) decrease in operating assets:
Prepaid expenses and other current assets	379,277	113,034
Deferred revenue	(1,143,894)	(298,441)
Increase (decrease in operating liabilities:
Accounts payable and accrued expenses	409,630	82,318
Net Cash Flows Used in Operating Activities	(1,859,603)	(947,894)
CASH FLOWS FROM INVESTING ACTIVITIES:
Fixed asset purchases	(4,898,309)	(2,990,365)
Intangible property expenditures	(6,328)	(52,190)
Project cost expenditures		(10,000)
Advances to related entities		(276,674)
Investment in equity method investees	(1,301,166)
Investment in affiliates	(1,059,019)
Deposits for leasehold and building improvements	(80,662)	(171,318)
Net Cash Flows used in Investing Activities	(7,345,484)	(3,500,547)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common shares	6,570,873	4,528,742
Proceeds shareholder advances		11,250
Repayments of shareholder advances		(29,500)
Notes payable and advances proceeds	368,000
Proceeds from convertible notes, net of fees paid	2,325,000
Proceeds from mortgages	738,936
Principle payment on notes payable	(427,760)	(468,860)
Net Cash Flows Provided By Financing Activities	9,575,049	4,041,632
Net increase in cash and cash equivalents	369,962	(406,809)
Cash and cash equivalents at beginning of period	391,389	798,198
Cash and cash equivalents at the end of the period	761,351	391,389
Supplemental Disclosure of Cash Flows Information:
Cash paid for interest	137,230	975
Cash paid for taxes
Non-cash Supplemental information
Subscription receivable		100,000
Note subscription receivable	150,000
Equipment purchases financed	64,453
Purchase of real estate with seller financing	1,200,000	300,000
Financed Insurance	345,370	212,500
Investment in affiliate financed with note	1,000,000
Project costs and construction deposits transferred to PP&E	185,318	41,250
Escrow holdback from mortgage	75,000
Stock issued for services capitalized	1,284,000
Cancellation of related party rents as payment of accrual payroll	$ 527,349

XML 18 R7.htm IDEA: XBRL DOCUMENT

Incorporation and Operations and Going Concern

12 Months Ended

Sep. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Incorporation and Operations and Going Concern

1. Incorporation and operations and Going Concern

Stem Holdings, Inc. (the “Company”) is a Nevada corporation incorporated on June 7, 2016. The Company purchases, improves, and leases properties for use in the cannabis production, distribution and sales industry as well as a cultivator providing cannabis and cannabis-infused products licensed under the laws of the states of Oregon, Nevada, Oklahoma, with six current licenses for cultivation, three for production, five for processing, one for wholesale and ten dispensary licenses. In addition, the Company also procured a hemp license under the laws of Oregon. As of September 30, 2018, the Company has acquired 3 commercial properties and leased a fourth property and has entered into leases to related entities for these four properties (see Note 10). Fiscal year 2018 saw the near completion of buildout of these properties.

The Company’s stock is publicly traded and is listed on the Canadian Securities Exchange under the symbol “STEM” and the OTCQB exchange under the symbol “STMH”.

Going Concern

XML 19 R8.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

12 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of significant accounting policies

Basis of preparation

The consolidated balance sheet includes all of the accounts of the Company as of September 30, 2018, presented in accordance with U.S. generally accepted accounting principles.

Principals of Consolidation

Revenue Recognition

Real Estate Acquisition Valuation

Reclassifications

Use of estimates

Instruments to Purchase Common Stock and Other Derivative Financial Instruments

Cash and cash equivalents

Cash and cash equivalents include short-term investments with original maturities of three months or less and are recorded at cost, which approximates fair market value given the short-term nature.

Concentrations of Credit Risk

Geographical Concentrations

Carrying value, recoverability and impairment of long-lived assets

Capitalization of Project Costs

Income Taxes

Fair value of financial instruments

Level 1 — Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.

Level 3 — Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.

Beneficial Conversion Feature

Earnings per share

As of September 30, 2018, the Company has 4,116,249 shares issuable upon note conversion, options and warrants exercisable into the common stock of the Company outstanding.

Advertising Costs

Emerging Growth Company

Property and Equipment

Property and equipment is stated at cost less accumulated depreciation and is depreciated using the straight-line method over the assets’ estimated useful life as follows:

Buildings	20 years
Leasehold improvements	Shorter of term of lease or economic life of improvement
Furniture and equipment	5 years
Signage	5 years
Software and related	5 years

Normal maintenance and repairs for equipment are charged to expense as incurred, while significant improvements are capitalized.

Related parties

Recent Accounting Guidance

XML 20 R9.htm IDEA: XBRL DOCUMENT

Property, Plant & Equipment

12 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Property, Plant & Equipment

3. Property, Plant & Equipment

At September 30 property and equipment consisted of the following:

	2018			2017
Automobile	$	18,275		$	18,275
Signage		19,118			19,118
Furniture and equipment		1,199,303			102,890
Leasehold improvements		2,718,519			1,573,044
Buildings and property improvements		4,719,742			1,622,550
Land		300,000			-
Software and related		58,518			52,190

Subtotal		9,033,475			3,388,067

Accumulated depreciation and amortization		(708,676	)		(129,217	)
Property, plant and equipment, net	$	8,324,799		$	3,258,850

Depreciation, amortization and impairment expense (see Note 2) was $1,363,460 for the twelve months ended September 30, 2018 and $126,264 for 2017.

XML 21 R10.htm IDEA: XBRL DOCUMENT

Investment in Equity Method Investees

12 Months Ended

Sep. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Investment in Equity Method Investees

4. Investment in equity method investees

Assets	$	1,282,541
Liabilities		-
Total equity	$	1,282,541

XML 22 R11.htm IDEA: XBRL DOCUMENT

Due from Affiliates

12 Months Ended

Sep. 30, 2018

Due from Affiliates

5. Due from Affiliates

XML 23 R12.htm IDEA: XBRL DOCUMENT

Notes Payable and Advances

12 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Notes Payable and Advances

6. Notes Payable and Advances

Equipment financing

Due to related parties

As of September 30, 2018, related parties had advanced cash and equipment, on a due on demand, unsecured and undocumented basis, to the Company in the amount of $33,600.

Insurance financing

Short term notes and advances

The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:

Fair value of underlying common shares	$	2.40
Exercise price	$	2.40
Dividend yield		-
Historical volatility		181.4	%
Risk free interest rate		1.47	%

Mortgages payable

On April 4, 2018, the Company executed a $314,000 mortgage payable on the Powell property to acquire additional funds. At closing $75,000 of the proceeds was put into escrow. The mortgage bears interest at 15% per annum. Monthly interest only payments began May 1, 2018 and continue each month thereafter until paid. The entire unpaid balance is due on April 1, 2020, the maturity date of the mortgage, and is secured by the underlying property. The Company plaid costs of approximately $19,000 to close on the mortgage. The mortgage terms do not allow participations by the lender in either the appreciation in the fair value of the mortgaged real estate project or the results of operations of the mortgaged real estate project. The note has been cross guaranteed by the CEO and Director of the Company.

On January 16, 2018 the Company consummated a “Contract for Sale” for a Farm Property in Mulino OR (the “Mulino Property”). The purchase price was $1,700,000 which was reduced by a rental credit of approximately $135,000 which is equivalent to nine months’ rent at $15,000 a month and an additional credit of $9,500 for additional work done on the property. In connection with the purchase of the property, the Company made a cash payment as down payment plus payment of closing costs in the amount of $370,637 and issued a promissory note in the amount of $1,200,000 with a maturity of January 2020. The Company will pay monthly installments of principal and interest (at a rate of 2% per annum) in the amount of $13,500, commencing in July 2018 through the maturity date (January 2020), at which time the entire unpaid principal balance and any remaining accrued interest shall be due and payable in full. No amount was recorded for the premium for the below market rate feature of the note as it was immaterial. The note is secured by a deed of trust on the property. The Company performed an analysis and determined that the rate obtained was below market, however, no premium was recorded as the Company determined it was immaterial.

Debt maturities for instruments with terms greater than 1 year as of September 30, 2018 are as follows:

Year:
2019	$	169,988
2020		1,909,446
2021		3,097
2022		-
	$	2,082,531

XML 24 R13.htm IDEA: XBRL DOCUMENT

Convertible Debt

12 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Convertible Debt

7. Convertible debt

The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:

Fair value of underlying common shares	$	2.40
Exercise price	$	2.40
Dividend yield		-
Historical volatility		181.0	%
Risk free interest rate		1.45	%

The significant assumptions used to value the warrants granted, apart from the relative fair value calculation, in the twelve months ended September 30, 2018 are as follows:

Fair value of underlying common shares	$	2.685
Exercise price	$	2.50
Dividend yield		-
Historical volatility		216.2	%
Risk free interest rate		2.7	%

The table below shows the net amount outstanding as of September 30, 2018, after unamortized discount under the convertible notes:

Convertible Notes, Net of Discount
$100,000 convertible promissory note	$	100,000
$1.5 million senior convertible promissory notes		1,500,000
$975,000 senior convertible promissory notes		975,000
Unamortized discount		(380,210	)
	$	2,194,790

XML 25 R14.htm IDEA: XBRL DOCUMENT

Income Taxes

12 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Income Taxes

8. Income Taxes

The income tax expense (benefit) consisted of the following for the fiscal year ended September 30, 2018 and 2017:

		September 30, 2018		September 30, 2017
Total current	$	-	$	-
Total deferred		-		-
	$	-	$	-

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit for the fiscal year ended September 30, 2018 and 2017:

	September 30, 2018			September 30, 2017
Federal statutory rate	$	(1,911,000	)	$	(934,000	)
State taxes, net of federal benefit		-			-
Effect of change in US Tax rates for deferral items		989,000			208,000
Other		44,000			-
Change in valuation allowance		878,000			726,000
	$	-		$	-

Significant components of the Company’s deferred tax assets and liabilities were as follows for the fiscal year ended September 30, 2018 and 2017:

	September 30, 2018			September 30, 2017
Deferred tax assets:
Net operating loss carryforwards	$	2,212,000		$	546,000
Equity based compensation		204,000			204,000
Impairment of loan receivable		75,000			75,000
Depreciation		-			6,000
Total deferred tax assets		2,491,000			831,000

Deferred tax liabilities
Depreciation		857,000			-
Deferred revenue		-			75,000
Total deferred tax liabilities		857,000			75,000

Net deferred tax assets		1,634,000			756,000
Less valuation allowance		(1,634,000	)		(756,000	)
Net deferred tax assets (liabilities)	$	-		$	-

XML 26 R15.htm IDEA: XBRL DOCUMENT

Shareholders' Equity

12 Months Ended

Sep. 30, 2018

Equity [Abstract]

Shareholders' Equity

9. Shareholders’ Equity

Preferred shares

The Company has two series of preferred shares designated with no preferred shares issued and outstanding as of September 30, 2018.

Common shares

The holders of common shares are not entitled to receive dividends at this time, however, are entitled to one vote per share at meetings of the Company.

Private placements

The Company received subscriptions in private placement offerings completed for the following shares for the twelve months ended September 30, 2018:

●	For the twelve months ended September 30, 2018, 2,688,834 common shares were issued at $2.40 per share to unaffiliated investors raising gross cash proceeds (including collection of $100,000 subscription receivable from September 30, 2017 – see below) of $6,560,941.

●	During the twelve months ended September 30, 2018, the Company began the process of registering shares of common stock for trading under the securities laws of Canada. As part of that process, certain founders were notified that they had to contribute additional amounts for their shares. In the twelve months ended September 30, 2018, two founders contributed an additional $9,933 towards their founders’ shares as part of the requirements of the securities regulators of Canada.

●	For the twelve months ended September 30, 2017, 50,000 common shares were issued at $0.15 per share to and unaffiliated investor raising gross cash proceeds of $7,500.

●	For the twelve months ended September 30, 2017, 1,362,363 common shares were issued at $2.40 per share to unaffiliated investors raising gross cash proceeds (not including $100,000 subscription receivable outstanding as of September 30, 2017) of $3,151,074. In addition, the Company collected on outstanding subscription receivables from the prior year of $1,170,000.

Subscription receivable

On September 27, 2017, the Company received a subscription for 41,667 shares in the amount of $100,000. The funds were received by the Company in October 2017.

Common Stock issuances for compensation:

Option Issuances for compensation:

The significant assumptions used to value the options granted in the twelve months ended September 30, 2018 and 2017 are as follows:

	For fiscal years ended September 30,
	2018			2017
Fair value of underlying common shares	$	2.23 to $4.00		$	2.40
Exercise price	$	2.40 to $4.15		$	2.40
Dividend yield		0.0	%		0	%
Historical volatility		179% to 349	%*		98.8% to 204	%*
Risk free interest rate		1.975% to 2.91	%		1.16% to 1.93	%

A summary of the change in stock purchase options outstanding for the period ended September 30, 2018 and 2017 is as follows:

						Weighted		Remaining
						Average		Contractual
	Options			Exercise		Grant Date		Life
	Outstanding			Price		Fair Value		(Years)
Balance – September 30, 2016		-		$	-		-		-
Options issued		650,000			2.40	$	1.88		2.76
Options expired/cancelled		-			-		-		-
Options exercised		-			-		-		-
Balance – September 30, 2017		650,000			2.40		1.88		2.76
Options issued		2,105,000			2.59		2.44		3.02
Options expired/cancelled		(10,000	)		2.40		-		-
Options exercised		(160,000	)		2.40		-		-
Balance – September 30, 2018		2,585,000		$	2.55	$	2.31		2.79

The following table shows information on our vested and unvested options outstanding during the years ended September 30, 2018 and 2017:

						Average		Contractual
	Options			Exercise		Grant Date		Life
	Outstanding			Price		Fair Value		(Years)
Balance – September 30, 2016, unvested		-		$	-	$	-		-
Options issued		650,000			2.40		1.88		2.76
Options vested		(423,889	)		2.40		1.93		2.97
Options expired/cancelled		-			-		-		-
Balance – September 30, 2017, unvested		226,111			2.40		1.78		2.36
Options issued		2,105,000			2.59		2.44		3.02
Options vested		(1,609,164	)		2.68		2.39		3.0
Options expired/cancelled		(10,000	)		-		-		-
Balance – September 30, 2018, unvested		711,947		$	2.92	$	2.87		3.49

All options outstanding had no intrinsic value as of September 30, 2018 and 2017.

Warrants issued for compensation and debt related issuance

The following table shows the warrants outstanding as of September 30, 2018:

	Warrants
	Outstanding
Balance – September 30, 2017		-
Warrants issued		159,166
Warrants expired/cancelled		-
Warrants exercised		-
Balance – September 30, 2018		159,166

XML 27 R16.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

12 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

10. Commitments and contingencies

In March 2018, the Company entered into a 3-year lease for the occupancy of the Company’s corporate office located in Boca Raton, Florida. The lease requires the Company to pay a base rental fee of $3,024 per month with yearly increases thereafter. All taxes, maintenance and utilities are billed separately.

Year:
2019	$	167,788
2020		188,795
2021		173,525
2022		160,665
Thereafter		698,716
	$	1,389,489

On July 16, 2018, the Company began trading its common stock under the ticker symbol “STEM” on the Canadian Securities Exchange (the “CSE”).

Property Rental Agreements

All of the income leases below are to entities that are related to the Company through common ownership.

1027 Willamette

Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for one five-year term, on the same terms as provided in the lease agreement.

Springfield

Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.

14336 S. Union Hall Road, Mulino

Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.

7827 SE Powell

Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.

The following table shows the expected net rental payments to be received under the leases noted above as of September 30:

Year:
2019	$	789,845
2020		1,275,532
2021		1,313,928
2022		1,353,466
Thereafter		9,569,105
	$	14,301,876

XML 28 R17.htm IDEA: XBRL DOCUMENT

Merger of Patch International, Inc.

12 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Merger of Patch International, Inc.

11. Merger of Patch International, Inc.

XML 29 R18.htm IDEA: XBRL DOCUMENT

Subsequent Events

12 Months Ended

Sep. 30, 2018

Subsequent Events [Abstract]

Subsequent Events

12. Subsequent events

The brokered portion of the Offering (C$2,247,000) was completed by a syndicate of agents (collectively, the “Agents”). The Company paid the Agents a cash commission equal to 7.0% of the gross proceeds raised in the first tranche of the brokered portion of the Offering. As additional consideration, the Company issued the Agents such number of non-transferable broker convertible debenture special warrants (the “Broker CD Special Warrants”) as is equal to 7.0% of the number of CD Special Warrants sold under the first tranche of the brokered portion of the Offering. Each Broker CD Special Warrant shall be exchanged, on the same terms as the CD Special Warrants, into broker warrants of the Company (the “Broker Warrants”). Each Broker Warrant entitles the holder to acquire one Convertible Debenture Unit at an exercise price of C$1,000, until the date that is 24 months from the closing date of the Offering. The distribution of the Broker Warrants issuable upon the exchange of the Broker CD Special Warrants shall also be qualified under the Qualification Prospectus and the resale of the common shares underlying the Broker Warrants will be registered under the Registration Statement. The Company also paid the lead agent a corporate finance fee equal to C$100,000, payable as to C$50,000 in cash and as to $50,000 in common shares of the Company at a price per share of C$3.00.

In November 2018, consultants exercised outstanding options and acquired 187,500 shares of the Company’s common stock.

XML 30 R19.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Basis of Preparation

Basis of preparation

The consolidated balance sheet includes all of the accounts of the Company as of September 30, 2018, presented in accordance with U.S. generally accepted accounting principles.

Principals of Consolidation

Principals of Consolidation

Revenue Recognition

Revenue Recognition

Real Estate Acquisition Valuation

Real Estate Acquisition Valuation

Reclassifications

Reclassifications

Use of Estimates

Use of estimates

Instruments to Purchase Common Stock and Other Derivative Financial Instruments

Instruments to Purchase Common Stock and Other Derivative Financial Instruments

Cash and Cash Equivalents

Cash and cash equivalents

Cash and cash equivalents include short-term investments with original maturities of three months or less and are recorded at cost, which approximates fair market value given the short-term nature.

Concentrations of Credit Risk

Concentrations of Credit Risk

Geographical Concentrations

Geographical Concentrations

Carrying Value, Recoverability and Impairment of Long-lived Assets

Carrying value, recoverability and impairment of long-lived assets

Capitalization of Project Costs

Capitalization of Project Costs

Income Taxes

Income Taxes

Fair Value of Financial Instruments

Fair value of financial instruments

Level 1 — Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.

Level 3 — Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.

Beneficial Conversion Feature

Beneficial Conversion Feature

Earnings Per Share

Earnings per share

As of September 30, 2018, the Company has 4,116,249 shares issuable upon note conversion, options and warrants exercisable into the common stock of the Company outstanding.

Advertising Costs

Advertising Costs

Emerging Growth Company

Emerging Growth Company

Property and Equipment

Property and Equipment

Property and equipment is stated at cost less accumulated depreciation and is depreciated using the straight-line method over the assets’ estimated useful life as follows:

Buildings	20 years
Leasehold improvements	Shorter of term of lease or economic life of improvement
Furniture and equipment	5 years
Signage	5 years
Software and related	5 years

Normal maintenance and repairs for equipment are charged to expense as incurred, while significant improvements are capitalized.

Related Parties

Related parties

Recent Accounting Guidance

Recent Accounting Guidance

XML 31 R20.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Schedule of Estimated Useful Life of Assets

Property and equipment is stated at cost less accumulated depreciation and is depreciated using the straight-line method over the assets’ estimated useful life as follows:

Buildings	20 years
Leasehold improvements	Shorter of term of lease or economic life of improvement
Furniture and equipment	5 years
Signage	5 years
Software and related	5 years

XML 32 R21.htm IDEA: XBRL DOCUMENT

Property, Plant & Equipment (Tables)

12 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

At September 30 property and equipment consisted of the following:

	2018			2017
Automobile	$	18,275		$	18,275
Signage		19,118			19,118
Furniture and equipment		1,199,303			102,890
Leasehold improvements		2,718,519			1,573,044
Buildings and property improvements		4,719,742			1,622,550
Land		300,000			-
Software and related		58,518			52,190

Subtotal		9,033,475			3,388,067

Accumulated depreciation and amortization		(708,676	)		(129,217	)
Property, plant and equipment, net	$	8,324,799		$	3,258,850

XML 33 R22.htm IDEA: XBRL DOCUMENT

Investment in Equity Method Investees (Tables)

12 Months Ended

Sep. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Condensed Balance Sheet

As of September 30, 2018, the condensed balance sheet of NVD is shown below:

Assets	$	1,282,541
Liabilities		-
Total equity	$	1,282,541

XML 34 R23.htm IDEA: XBRL DOCUMENT

Notes Payable and Advances (Tables)

12 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Assumptions Value Warrant Granted

The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:

Fair value of underlying common shares	$	2.40
Exercise price	$	2.40
Dividend yield		-
Historical volatility		181.4	%
Risk free interest rate		1.47	%

Schedule of Debt Maturities for Instruments

Debt maturities for instruments with terms greater than 1 year as of September 30, 2018 are as follows:

Year:
2019	$	169,988
2020		1,909,446
2021		3,097
2022		-
	$	2,082,531

XML 35 R24.htm IDEA: XBRL DOCUMENT

Convertible Debt (Tables)

12 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Assumptions Value Warrant Granted

The significant assumptions used to value the warrants granted in the twelve months ended September 30, 2018 are as follows:

Fair value of underlying common shares	$	2.40
Exercise price	$	2.40
Dividend yield		-
Historical volatility		181.0	%
Risk free interest rate		1.45	%

The significant assumptions used to value the warrants granted, apart from the relative fair value calculation, in the twelve months ended September 30, 2018 are as follows:

Fair value of underlying common shares	$	2.685
Exercise price	$	2.50
Dividend yield		-
Historical volatility		216.2	%
Risk free interest rate		2.7	%

Schedule of Converible Notes Outstanding After Unamortized Discount

The table below shows the net amount outstanding as of September 30, 2018, after unamortized discount under the convertible notes:

Convertible Notes, Net of Discount
$100,000 convertible promissory note	$	100,000
$1.5 million senior convertible promissory notes		1,500,000
$975,000 senior convertible promissory notes		975,000
Unamortized discount		(380,210	)
	$	2,194,790

XML 36 R25.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

The income tax expense (benefit) consisted of the following for the fiscal year ended September 30, 2018 and 2017:

		September 30, 2018		September 30, 2017
Total current	$	-	$	-
Total deferred		-		-
	$	-	$	-

Schedule of Reconciliation of Expected Statutory Federal Income Tax Provision

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit for the fiscal year ended September 30, 2018 and 2017:

	September 30, 2018			September 30, 2017
Federal statutory rate	$	(1,911,000	)	$	(934,000	)
State taxes, net of federal benefit		-			-
Effect of change in US Tax rates for deferral items		989,000			208,000
Other		44,000			-
Change in valuation allowance		878,000			726,000
	$	-		$	-

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities were as follows for the fiscal year ended September 30, 2018 and 2017:

	September 30, 2018			September 30, 2017
Deferred tax assets:
Net operating loss carryforwards	$	2,212,000		$	546,000
Equity based compensation		204,000			204,000
Impairment of loan receivable		75,000			75,000
Depreciation		-			6,000
Total deferred tax assets		2,491,000			831,000

Deferred tax liabilities
Depreciation		857,000			-
Deferred revenue		-			75,000
Total deferred tax liabilities		857,000			75,000

Net deferred tax assets		1,634,000			756,000
Less valuation allowance		(1,634,000	)		(756,000	)
Net deferred tax assets (liabilities)	$	-		$	-

XML 37 R26.htm IDEA: XBRL DOCUMENT

Shareholders' Equity (Tables)

12 Months Ended

Sep. 30, 2018

Summary of Options Activity and Vested and Unvested Options Outstanding

A summary of the change in stock purchase options outstanding for the period ended September 30, 2018 and 2017 is as follows:

						Weighted		Remaining
						Average		Contractual
	Options			Exercise		Grant Date		Life
	Outstanding			Price		Fair Value		(Years)
Balance – September 30, 2016		-		$	-		-		-
Options issued		650,000			2.40	$	1.88		2.76
Options expired/cancelled		-			-		-		-
Options exercised		-			-		-		-
Balance – September 30, 2017		650,000			2.40		1.88		2.76
Options issued		2,105,000			2.59		2.44		3.02
Options expired/cancelled		(10,000	)		2.40		-		-
Options exercised		(160,000	)		2.40		-		-
Balance – September 30, 2018		2,585,000		$	2.55	$	2.31		2.79

The following table shows information on our vested and unvested options outstanding during the years ended September 30, 2018 and 2017:

						Average		Contractual
	Options			Exercise		Grant Date		Life
	Outstanding			Price		Fair Value		(Years)
Balance – September 30, 2016, unvested		-		$	-	$	-		-
Options issued		650,000			2.40		1.88		2.76
Options vested		(423,889	)		2.40		1.93		2.97
Options expired/cancelled		-			-		-		-
Balance – September 30, 2017, unvested		226,111			2.40		1.78		2.36
Options issued		2,105,000			2.59		2.44		3.02
Options vested		(1,609,164	)		2.68		2.39		3.0
Options expired/cancelled		(10,000	)		-		-		-
Balance – September 30, 2018, unvested		711,947		$	2.92	$	2.87		3.49

Schedule of Warrants Outstanding

The following table shows the warrants outstanding as of September 30, 2018:

	Warrants
	Outstanding
Balance – September 30, 2017		-
Warrants issued		159,166
Warrants expired/cancelled		-
Warrants exercised		-
Balance – September 30, 2018		159,166

Options [Member]

Schedule of Assumptions Used

The significant assumptions used to value the options granted in the twelve months ended September 30, 2018 and 2017 are as follows:

	For fiscal years ended September 30,
	2018			2017
Fair value of underlying common shares	$	2.23 to $4.00		$	2.40
Exercise price	$	2.40 to $4.15		$	2.40
Dividend yield		0.0	%		0	%
Historical volatility		179% to 349	%*		98.8% to 204	%*
Risk free interest rate		1.975% to 2.91	%		1.16% to 1.93	%

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details

XML 38 R27.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Tables)

12 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Lease Payments

Year:
2019	$	167,788
2020		188,795
2021		173,525
2022		160,665
Thereafter		698,716
	$	1,389,489

The following table shows the expected net rental payments to be received under the leases noted above as of September 30:

Year:
2019	$	789,845
2020		1,275,532
2021		1,313,928
2022		1,353,466
Thereafter		9,569,105
	$	14,301,876

XML 39 R28.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Accounting Policies [Abstract]
Rent	$ 1,400,000
Impairment of long-lived assets	$ 784,000
Number of anti-dilutive securities excluded for calculation	4,116,249
Advertising expense	$ 49,948	$ 35,557
Revenues on annual basis	$ 1,000,000,000
Non-affiliated market capitalization, description	Non-affiliated market capitalization increase to over $700 million as of the last day of its second quarter, or raise in excess of $1 billion in public offerings of its equity or instruments directly convertible into its equity,
Proceeds From Public Offering	$ 1,000,000,000

XML 40 R29.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Assets (Details)	12 Months Ended
	Sep. 30, 2018
Buildings [Member]
Asset's estimated useful life	20 years
Leasehold Improvements [Member]
Asset's estimated useful life, description	Shorter of term of lease or economic life of improvement
Furniture and Equipment [Member]
Asset's estimated useful life	5 years
Signage [Member]
Asset's estimated useful life	5 years
Software and Related [Member]
Asset's estimated useful life	5 years

XML 41 R30.htm IDEA: XBRL DOCUMENT

Property, Plant & Equipment (Details Narrative) - USD ($)				1 Months Ended		12 Months Ended
	Feb. 06, 2017	Feb. 06, 2017	Nov. 01, 2016	Jul. 31, 2018	Jan. 31, 2018	Sep. 30, 2018	Sep. 30, 2017
Property, plant and equipment, cost	$ 656,498		$ 918,000
Short term notes payable						$ 1,268,073	$ 47,902
Monthly payments				$ 13,500
Acquisiton of purchase price					$ 1,555,500
Debt instrument face amount					$ 1,200,000
Debt interest percentage					2.00%
Debt annual payment payable					$ 957,000
Depreciation and amortization expense						$ 1,363,460	$ 126,264
Seller [Member]
Short term notes payable	$ 304,000	$ 304,000
Monthly payments		$ 75,000
Debt description		The note is non-interest bearing and requires four monthly payments of $75,000 plus a final payment for the remaining amount due immediately thereafter plus fees.

XML 42 R31.htm IDEA: XBRL DOCUMENT

Property, Plant & Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Subtotal	$ 9,033,475	$ 3,388,067
Accumulated depreciation and amortization	(708,676)	(129,217)
Property, plant and equipment, net	8,324,799	3,258,850
Automobile [Member]
Subtotal	18,275	18,275
Signage [Member]
Subtotal	19,118	19,118
Furniture and Equipment [Member]
Subtotal	1,199,303	102,890
Leasehold Improvements [Member]
Subtotal	2,718,519	1,573,044
Buildings and Property Improvements [Member]
Subtotal	4,719,742	1,622,550
Land [Member]
Subtotal	300,000
Software and Related [Member]
Subtotal	$ 58,518	$ 52,190

XML 43 R32.htm IDEA: XBRL DOCUMENT

Investment in Equity Method Investees (Details Narrative) - NVD RE Corp [Member]	1 Months Ended
	Apr. 30, 2018 USD ($)
Equity interest percentage	37.50%
Payments to acquire equity investment	$ 1,275,000

XML 44 R33.htm IDEA: XBRL DOCUMENT

Investment in Equity Method Investees - Schedule of Condensed Balance Sheet (Details)	Sep. 30, 2018 USD ($)
Equity Method Investments and Joint Ventures [Abstract]
Assets	$ 1,282,541
Liabilities
Total equity	$ 1,282,541

XML 45 R34.htm IDEA: XBRL DOCUMENT

Due from Affiliates (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
Due from Affiliates (Details Narrative) - USD ($)	Sep. 30, 2018	Jul. 31, 2018	Sep. 30, 2018	Jan. 31, 2018
Debt instrument face amount				$ 1,200,000
YMY Ventures LLC [Member]
Acquisition, percentage	50.00%		50.00%
Purchase price of business	$ 750,000
Payments to acquire license			$ 201,000
Investments	201,000		201,000
YMY Ventures LLC [Member] \| First Due [Member]
Purchase price of business	375,000
YMY Ventures LLC [Member] \| Final Due [Member]
Purchase price of business	$ 375,000
YMY Ventures LLC [Member] \| Escrow [Member]
Purchase price of business			$ 375,000
East Coast Packers LLC [Member]
Acquisition, percentage		25.00%
Purchase price of business		$ 1,500,000
Payments to acquire license		500,000
Investments		500,000
Purchase price payable in cash		500,000
Debt instrument face amount		1,000,000
Cancellation of debt		$ 1,000,000

XML 46 R35.htm IDEA: XBRL DOCUMENT

Notes Payable and Advances (Details Narrative) - USD ($)										1 Months Ended		12 Months Ended
	Jul. 31, 2018	May 29, 2018	Apr. 29, 2018	Apr. 04, 2018	Mar. 02, 2018	Feb. 28, 2018	Jan. 16, 2018	Dec. 07, 2017	Nov. 30, 2017	Jul. 31, 2018	Dec. 01, 2017	Sep. 30, 2018	Sep. 30, 2017	Jan. 31, 2018
Debt instrument face amount														$ 1,200,000
Debt instrument interest percentage														2.00%
Debt monthly payments										$ 13,500
Due to related party												$ 33,600	$ 16,500
Warrants granted to acquire shares												139,166
Cash payment												$ 4,898,309	$ 2,990,365
Willamette Property [Member]
Mortgage payable						$ 550,000						$ 28,000
Mortgage payable, interest rate						15.00%
Mortgage payable final due date						Mar. 01, 2020
Description of collateral												The note has been cross guaranteed by the CEO and Director of the Company.
Powell Property [Member]
Mortgage payable				$ 314,000								$ 19,000
Mortgage payable, interest rate				15.00%
Mortgage payable final due date				Apr. 01, 2020
Description of collateral												The note has been cross guaranteed by the CEO and Director of the Company.
Escrow deposit				$ 75,000
Accredited Investor [Member]
Debt instrument face amount								$ 100,000			$ 100,000
Debt instrument interest percentage								24.00%			24.00%
Debt maturity date								Mar. 07, 2018			Mar. 01, 2018
Warrants granted to acquire shares								20,833			20,833
Warrant exercise price								$ 2.40			$ 2.40
Warrant exercisable period								2 years
Investor [Member] \| Private Placement [Member]
Unsecured convertible notes												$ 168,000
Contract for Sale [Member]
Debt maturity date							Jan. 31, 2020
Promissory note amount							$ 1,200,000
Contract for Sale [Member] \| July 2018 [Member]
Monthly payments							$ 13,500
Monthly installments interest rate							2.00%
Contract for Sale [Member] \| Mulino Property [Member]
Purchase price of premises							$ 1,700,000
Rental credit							135,000
Monthly payments							15,000
Amount granted for improvement of property							9,500
Cash payment							$ 370,637
Promissory Note [Member]
Debt instrument face amount									$ 21,749
Debt instrument interest percentage									18.00%
Debt servicing fee percentage									10.00%
Debt maturity period description									matures 24 months after issuance
Notes payable												14,950
Notes Payable [Member] \| 36-Month Premium Finance Agreement [Member]
Debt instrument face amount			$ 15,710
Notes payable												13,717
Debt monthly payments			$ 442
Notes Payable One [Member] \| 24-Month Premium Finance Agreement [Member]
Debt instrument face amount		$ 27,844
Notes payable												24,364
Debt monthly payments		$ 1,160
Notes Payable Two [Member] \| 10-Month Premium Finance Agreement [Member]
Debt instrument face amount						$ 252,445
Debt instrument interest percentage						5.75%
Notes payable												66,314
Debt monthly payments						$ 22,105
Notes Payable Three [Member] \| 10-Month Premium Finance Agreement [Member]
Debt instrument face amount					$ 14,390
Debt instrument interest percentage					5.75%
Notes payable												2,712
Debt monthly payments					$ 904
Notes Payable Four [Member] \| 9-Month Premium Finance Agreement [Member]
Debt instrument face amount	$ 54,702									$ 54,702
Debt instrument interest percentage	7.99%									7.99%
Notes payable												$ 31,047
Debt monthly payments	$ 4,435

XML 47 R36.htm IDEA: XBRL DOCUMENT

Notes Payable and Advances - Schedule of Assumptions Value Warrant Granted (Details) - Warrants Granted [Member]	12 Months Ended
	Sep. 30, 2018 $ / shares
Fair value of underlying common shares	$ 2.40
Exercise Price [Member]
Fair value assumptions measurement input price per share	$ 2.40
Dividend Yield [Member]
Fair value assumptions measurement input percentages	0.00%
Historical Volatility [Member]
Fair value assumptions measurement input percentages	181.40%
Risk Free Interest Rate [Member]
Fair value assumptions measurement input percentages	1.47%

XML 48 R37.htm IDEA: XBRL DOCUMENT

Notes Payable and Advances - Schedule of Debt Maturities for Instruments (Details)	Sep. 30, 2018 USD ($)
Debt Disclosure [Abstract]
2019	$ 169,988
2020	1,909,446
2021	3,097
2022
Total	$ 2,082,531

XML 49 R38.htm IDEA: XBRL DOCUMENT

Convertible Debt (Details Narrative) - USD ($)			1 Months Ended			12 Months Ended
Convertible Debt (Details Narrative) - USD ($)	Mar. 01, 2018	Dec. 07, 2017	Jun. 30, 2018	May 31, 2018	Dec. 01, 2017	Sep. 30, 2018	Jan. 31, 2018	Sep. 30, 2017
Promissory note amount							$ 1,200,000
Debt instrument interest percentage							2.00%
Warrants granted to acquire shares						139,166
Notes payable subscriptions receivable						$ 150,000
First Amendment to Loan Agreement and Promissory Note [Member]
Debt interest payment due	$ 6,000
Debt conversion price	$ 2.40
Debt description	On March 1, 2018, pursuant to the First Amendment to Loan Agreement and Promissory note, the parties agreed to extend the maturity date on the note for one more year (see Note 10) which includes the following terms; (1) interest payment of $6,000 due from the original note is to be paid (2) interest rate decreases from an annual rate of 24% to 8% (3) the Company has the right to prepay the note combined with accrued interest at any time prior to maturity (4) the lender has the right to call the note together with accrued interest not less than 30 days written notice to the Company (5) at any time prior to maturity of the note, lender has the option to convert the indebtedness with accrued interest into the Company's common stock at the rate of $2.40 a share (see Note 12).
First Amendment to Loan Agreement and Promissory Note [Member] \| Maximum [Member]
Change in interest rate percentage	24.00%
First Amendment to Loan Agreement and Promissory Note [Member] \| Minimum [Member]
Change in interest rate percentage	8.00%
Accredited Investor [Member]
Promissory note amount		$ 100,000			$ 100,000
Debt maturity date		Mar. 07, 2018			Mar. 01, 2018
Debt instrument interest percentage		24.00%			24.00%
Warrants granted to acquire shares		20,833			20,833
Warrant exercise price		$ 2.40			$ 2.40
warrants expiring term					2 years
Warrants granted to acquire shares, value					$ 46,000
Accredited Investor [Member] \| Senior Unsecured Convertible Debentures [Member]
Debt maturity date			May 31, 2019	May 31, 2019
Debt instrument interest percentage			8.00%	8.00%
Debt conversion price			$ 2.50	$ 2.50
Debt description			The principal is payable at the earlier to occur of: 1) five days after the company has received in aggregate at least five million of new equity investment since the date of this debenture; or 2) the maturity date.	The principal is payable at the earlier to occur of: 1) five days after the company has received in aggregate at least five million of new equity investment since the date of this debenture; or 2) the maturity date.
Convertible debt			$ 1,500,000	$ 1,500,000
Accredited Investor [Member] \| Nine Senior Unsecured Convertible Debentures [Member]
Debt maturity date						Mar. 31, 2019
Debt instrument interest percentage						8.00%
Warrants granted to acquire shares						97,500
Warrant exercise price						$ 2.50
warrants expiring term						3 years
Debt conversion price						$ 2.50
Convertible debt						$ 975,000
Fair value of beneficial conversion feature						$ 435,000

XML 50 R39.htm IDEA: XBRL DOCUMENT

Convertible Debt - Schedule of Assumptions Value Warrant Granted (Details) - Warrants Granted [Member]	12 Months Ended
	Sep. 30, 2018 $ / shares
Fair value of underlying common shares	$ 2.40
Exercise Price [Member]
Fair value assumptions measurement input price per share	$ 2.40
Dividend Yield [Member]
Fair value assumptions measurement input percentages	0.00%
Historical Volatility [Member]
Fair value assumptions measurement input percentages	181.40%
Risk Free Interest Rate [Member]
Fair value assumptions measurement input percentages	1.47%
Convertible Debt [Member]
Fair value of underlying common shares	$ 2.40
Convertible Debt [Member] \| Exercise Price [Member]
Fair value assumptions measurement input price per share	$ 2.40
Convertible Debt [Member] \| Dividend Yield [Member]
Fair value assumptions measurement input percentages	0.00%
Convertible Debt [Member] \| Historical Volatility [Member]
Fair value assumptions measurement input percentages	181.00%
Convertible Debt [Member] \| Risk Free Interest Rate [Member]
Fair value assumptions measurement input percentages	1.45%
Convertible Debt One [Member]
Fair value of underlying common shares	$ 2.685
Convertible Debt One [Member] \| Exercise Price [Member]
Fair value assumptions measurement input price per share	$ 2.50
Convertible Debt One [Member] \| Dividend Yield [Member]
Fair value assumptions measurement input percentages	0.00%
Convertible Debt One [Member] \| Historical Volatility [Member]
Fair value assumptions measurement input percentages	216.20%
Convertible Debt One [Member] \| Risk Free Interest Rate [Member]
Fair value assumptions measurement input percentages	2.70%

XML 51 R40.htm IDEA: XBRL DOCUMENT

Convertible Debt - Schedule of Converible Notes Outstanding After Unamortized Discount (Details) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Convertible notes, net of discount	$ 2,194,790
Convertible Promissory Note [Member]
Convertible notes, net of discount	100,000
Senior Convertible Promissory Note One [Member]
Convertible notes, net of discount	1,500,000
Senior Convertible Promissory Note Two [Member]
Convertible notes, net of discount	975,000
Convertible Notes [Member]
Unamortized discount	$ (380,210)

XML 52 R41.htm IDEA: XBRL DOCUMENT

Convertible Debt - Schedule of Converible Notes Outstanding After Unamortized Discount (Details) (Parenthetical) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Convertible notes, net of discount	$ 2,194,790
Convertible Promissory Note [Member]
Convertible notes, net of discount	100,000
Senior Convertible Promissory Note One [Member]
Convertible notes, net of discount	1,500,000
Senior Convertible Promissory Note Two [Member]
Convertible notes, net of discount	$ 975,000

XML 53 R42.htm IDEA: XBRL DOCUMENT

Income Taxes (Details Narrative)	12 Months Ended
Income Taxes (Details Narrative)	Sep. 30, 2018 USD ($)
Income Tax Disclosure [Abstract]
Expected tax benefit statutory rate	34.00%
Effective income tax rate reconciliation, difference percentage	34.00%
Income tax description	The expected tax benefit is calculated at the 2017 statutory rate of 34%. The effect for temporary timing differences are also calculated at the 34% statutory rate effective for fiscal year ended September 30, 2018. Long-term temporary differences are calculated at the 25% statutory rate effective for years ending on or after December 31, 2018.
Net operating loss carryforwards for federal and state income tax	$ 8,196,000
Net operating loss carryforwards expire year	expire beginning in 2036

XML 54 R43.htm IDEA: XBRL DOCUMENT

Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Total current
Total deferred

XML 55 R44.htm IDEA: XBRL DOCUMENT

Income Taxes - Schedule of Reconciliation of Expected Statutory Federal Income Tax Provision (Details) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Federal statutory rate	$ (1,911,000)	$ (934,000)
State taxes, net of federal benefit
Effect of change in US Tax rates for deferral items	989,000	208,000
Other	44,000
Change in valuation allowance	878,000	726,000
Income tax benefit

XML 56 R45.htm IDEA: XBRL DOCUMENT

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 2,212,000	$ 546,000
Equity based compensation	204,000	204,000
Impairment of loan receivable	75,000	75,000
Depreciation		6,000
Total deferred tax assets	2,491,000	831,000
Depreciation	857,000
Deferred revenue		75,000
Total deferred tax liabilities	857,000	75,000
Net deferred tax assets	1,634,000	756,000
Less valuation allowance	(1,634,000)	(756,000)
Net deferred tax assets (liabilities)

XML 57 R46.htm IDEA: XBRL DOCUMENT

Shareholders' Equity (Details Narrative) - USD ($)		12 Months Ended
Shareholders' Equity (Details Narrative) - USD ($)	Sep. 27, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2016	Jul. 13, 2018	Sep. 30, 2016
Plan description				The Company adopted a plan to allow the Company to compensate prospective and current employees, directors and consultants through the issuance of equity instruments of the Company. The plan has an effective life of 10 years. The plan is administered by the board of directors of the Company until such time as the board transfers responsibility to a committee of the board. The plan is limited to issuing common shares of the Company up to 15% of the total shares then outstanding.
Two series of preferred stock designated, shares issued
Two series of preferred stock designated, shares outstanding
Common stock, shares authorized		300,000,000	300,000,000		100,000,000
Common stock, voting rights		One vote per share at meetings of the Company.
Number of common stock issued during period	41,667
Shares issued price per share		$ 2.40
Subscriptions receivable	$ 100,000
Prepaid expenses		838,159	$ 106,466
Stock based compensation expense		4,839,504	1,475,545
Consulting expenses		778,992	273,399
Additional stock based compensation expense			210,942
Intrinsic value
Issuance warrants to acquire shares of common stock		139,166
Employees and Consultants [Member]
Shares issued price per share			$ 2.40
Number of common shares granted			250,000
Stock based compensation expense			$ 600,000
Consultants [Member]
Stock based compensation expense			$ 562,000
Consultant [Member]
Issuance warrants to acquire shares of common stock		20,000
Warrant exercise price		$ 2.40
Warrant term		2 years
Consulting Agreement [Member]
Number of common shares granted		300,000
Number of options agreed to issued to purchase the common stock		785,000	400,000
Common stock option exercise price per share			$ 2.40
Common stock option term			4 years
Number of options vested		110,000
Consulting expenses		$ 152,750
Consulting Agreement [Member] \| Minimum [Member]
Common stock option exercise price per share		$ 2.40
Common stock option term		3 years
Consulting Agreement [Member] \| Maximum [Member]
Common stock option exercise price per share		$ 4.00
Common stock option term		5 years
Consulting Agreement [Member] \| Consulting Services [Member]
Common stock issuances for compensation		395,000
Consulting Agreement [Member] \| Consulting Services [Member] \| Prepaid Expense and Amortized Expense [Member]
Number of common stock issued during period		250,000
Consulting Agreement [Member] \| Consulting Services [Member] \| Minimum [Member]
Shares issued price per share		$ 1.95
Consulting Agreement [Member] \| Consulting Services [Member] \| Maximum [Member]
Shares issued price per share		2.40
Consulting Agreement [Member] \| Professional Services [Member]
Shares issued price per share		$ 2.40
Common stock issuances for compensation		660,416
Number of common shares granted		150,000
Employment Agreement [Member]
Stock based compensation expense		$ 3,013,470
Number of options agreed to issued to purchase the common stock		1,660,416
Common stock option exercise price per share		$ 2.40
Options to acquire shares but not granted		40,416
Number of options vested		1,347,500
Employment Agreement [Member] \| CEO and CFO [Member]
Number of options agreed to issued to purchase the common stock			150,000
Common stock option exercise price per share			$ 2.40
Common stock option term			3 years
Number of options vested			150,000
Employment Agreement [Member] \| Officers [Member]
Stock based compensation expense			$ 276,000
Employment Agreement [Member] \| Two Board Members [Member]
Stock based compensation expense			$ 37,000
Number of options agreed to issued to purchase the common stock			100,000
Common stock option exercise price per share			$ 2.40
Common stock option term			1 year
Number of options vested			12,500
Employment Agreement [Member] \| Minimum [Member]
Common stock option term		3 years
Employment Agreement [Member] \| Maximum [Member]
Common stock option term		4 years
First Consulting Agreement [Member]
Number of options agreed to issued to purchase the common stock			200,000
Number of options vested			100,000
First Consultant Agreement [Member] \| Vest Six Months [Member]
Number of options vested			50,000
First Consultant Agreement [Member] \| Vest One Year After [Member]
Number of options vested			50,000
Second Consulting Agreement [Member]
Number of options vested			100,000
Third Consulting Agreement [Member]
Number of options vested			100,000
Unaffiliated Investors [Member] \| Common Shares [Member]
Number of common stock issued during period		2,688,834	50,000
Shares issued price per share		$ 2.40	$ 0.15
Subscriptions receivable			$ 100,000
Number of common stock issued during period, value		$ 6,560,941	$ 7,500
Unaffiliated Investors [Member] \| Common Stock One [Member]
Number of common stock issued during period			1,362,363
Shares issued price per share		$ 2.40
Subscriptions receivable			$ 100,000			$ 1,170,000
Number of common stock issued during period, value			$ 3,151,074
Two Founders [Member]
Number of common stock issued during period, value		$ 9,933

XML 58 R47.htm IDEA: XBRL DOCUMENT

Shareholders' Equity - Schedule of Assumptions Used (Details) - Options [Member] - $ / shares

12 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Fair value of underlying common shares

$ 2.40

Exercise price

$ 2.40

Dividend yield

0.00%

Minimum [Member]

Fair value of underlying common shares

$ 2.23

Exercise price

$ 2.40

Historical volatility

^[1]

179.00%

98.80%

Risk free interest rate

1.975%

1.16%

Maximum [Member]

Fair value of underlying common shares

$ 4.00

Exercise price

$ 4.15

Historical volatility

^[1]

349.00%

204.00%

Risk free interest rate

2.91%

1.93%

[1]	The Company has used the historic volatility of the average of a basket of 6 companies engaged in providing both ancillary type services and direct production and sale to the cannabis industry as an approximation of its expected volatility.

XML 59 R48.htm IDEA: XBRL DOCUMENT

Shareholders' Equity - Summary of Options Activity and Vested and Unvested Options Outstanding (Details) - $ / shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Stock Purchase Options [Member]
Options outstanding, beginning balance	650,000
Options outstanding, unvested, beginning balance
Options issued	2,105,000	650,000
Options vested
Options expired/cancelled	(10,000)
Options exercised	(160,000)
Options outstanding, ending balance	2,585,000	650,000
Exercise price options, beginning balance	$ 2.40
Exercise price options, unvested, beginning balance
Exercise price options, issued	2.59	2.40
Exercise price options, vested
Exercise price options, expired/cancelled	2.40
Exercise price options, exercised	2.40
Exercise price options, ending balance	2.55	2.40
Exercise price options, unvested, ending balance
Weighted average grant date fair value, beginning balance	1.88
Weighted average grant date fair value, unvested, beginning balance
Weighted average grant date fair value, issued	2.44	1.88
Weighted average grant date fair value, vested
Weighted average grant date fair value, expired/cancelled
Weighted average grant date fair value, exercised
Weighted average grant date fair value, ending balance	$ 2.31	1.88
Weighted average grant date fair value, unvested, ending balance
Remaining contractual life (years), beginning balance	2 years 9 months 3 days
Remaining contractual life (years), issued	3 years 7 days	2 years 9 months 3 days
Remaining contractual life (years), ending balance	2 years 9 months 14 days	2 years 9 months 3 days
Vested and Unvested Options [Member]
Options outstanding, beginning balance
Options outstanding, unvested, beginning balance	226,111
Options issued	2,105,000	650,000
Options vested	(1,609,164)	(423,889)
Options expired/cancelled	(10,000)
Options exercised
Options outstanding, ending balance
Options outstanding, unvested, ending balance	711,947	226,111
Exercise price options, beginning balance
Exercise price options, unvested, beginning balance	2.40
Exercise price options, issued	2.59	2.40
Exercise price options, vested	2.68	2.40
Exercise price options, expired/cancelled
Exercise price options, exercised
Exercise price options, ending balance
Exercise price options, unvested, ending balance	2.92	2.40
Weighted average grant date fair value, beginning balance
Weighted average grant date fair value, unvested, beginning balance	1.78
Weighted average grant date fair value, issued	2.44	1.88
Weighted average grant date fair value, vested	2.39	1.93
Weighted average grant date fair value, expired/cancelled
Weighted average grant date fair value, exercised
Weighted average grant date fair value, ending balance
Weighted average grant date fair value, unvested, ending balance	$ 2.87	$ 1.78
Remaining contractual life (years), beginning balance
Remaining contractual life (years), unvested, beginning balance	2 years 4 months 9 days
Remaining contractual life (years), issued	3 years 7 days	2 years 9 months 3 days
Remaining contractual life (years), vested	3 years	2 years 11 months 19 days
Remaining contractual life (years), ending balance
Remaining contractual life (years), unvested, ending balance	3 years 5 months 27 days	2 years 4 months 9 days

XML 60 R49.htm IDEA: XBRL DOCUMENT

Shareholders' Equity - Schedule of Warrants Outstanding (Details)	12 Months Ended
	Sep. 30, 2018 shares
Equity [Abstract]
Warrants Outstanding, Beginning Balance
Warrants, issued	159,166
Warrants expired/cancelled
Warrants exercised
Warrants Outstanding, Ending Balance	159,166

XML 61 R50.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Details Narrative)		1 Months Ended				12 Months Ended
Commitments and Contingencies (Details Narrative)	Feb. 22, 2018 USD ($) ft²	Mar. 31, 2018 USD ($)	Jul. 31, 2017 USD ($) $ / shares	Sep. 30, 2016 USD ($)	Aug. 31, 2016 USD ($)	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)	Jul. 31, 2016 USD ($)
Lease term		3 years		10 years				10 years
Payment for capital lease obligations								$ 15,000
Base rental fees		$ 3,024		$ 7,033		$ 210,231
Real estate taxes				$ 315
Percentage of base rental fees escalation				2.00%
Security deposit to landlord								$ 14,000
Area of land \| ft²	12,322
Commitments and contingencies	$ 3,525
Operating lease, description	The Company has subleased this space pursuant to a 10-year lease. On February 22, 2018, both parties executed a lease addendum that adds contiguous property for 12,322 square feet. The term commences November 1, 2017 and continues through November 31, 2026 at a rate of $3,525 a month that escalates after the first year.
Subrental income						8,900,000
Leases rental operating						1,442,335
Proceeds from private placement
Multi Party Agreement [Member]
Proceeds from private placement					$ 10,000,000
Equity issued and outstanding					75.00%
Operating Lease Agreement [Member] \| Marijuana Dispensary [Member]
Lease term			10 years
Monthly payments			$ 13,800
Change in lease rent percentage			3.00%
Lease Agreement [Member] \| Springfield [Member]
Lease term			10 years
Monthly payments			$ 64,640
Change in lease rent percentage			3.00%
Lease Agreement One [Member]
Lease term			10 years
Operating lease, description			The expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.
Monthly payments			$ 18,750
Change in lease rent percentage			3.00%
Minimum rent per foot \| $ / shares			$ 1.00
Minimum rent per foot un-light assisted greenhouse or outdoor grow space \| $ / shares			$ 0.25
Lease Agreement Two [Member]
Lease term			10 years
Operating lease, description			The expiration of the term of ten years, the Lessee has the option to renew the lease agreement for five-year term, on the same terms as provided in the lease agreement.
Monthly payments			$ 6,523
Change in lease rent percentage			3.00%
Interest on lease payment percentage			12.00%

XML 62 R51.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details)	Sep. 30, 2018 USD ($)
2019	$ 167,788
2020	188,795
2021	173,525
2022	160,665
Thereafter	698,716
Total	1,389,489
Property Rental Agreements [Member] \| 7827 SE Powell [Member]
2019	789,845
2020	1,275,532
2021	1,313,928
2022	1,353,466
Thereafter	9,569,105
Total	$ 14,301,876

XML 63 R52.htm IDEA: XBRL DOCUMENT

Merger of Patch International, Inc (Details Narrative) - USD ($)	Jan. 23, 2017	Nov. 30, 2016
Percentage of Issued and outstanding shares to be acquired		100.00%
Share of price per share		$ 2.40
Patch International Inc [Member]
Percentage of Issued and outstanding shares to be acquired	100.00%	100.00%
Share of price per share		$ 2.40
Reserved receivable amount		$ 500,000
Number of common shares issued	1,048,762
Business acquisition, consideration amount	$ 2,452,058
Patch International Inc [Member] \| Two Shareholders [Member]
Percentage of shareholders not agreeing to merger	2.00%
Cash consideration	$ 53,534

XML 64 R53.htm IDEA: XBRL DOCUMENT

Subsequent Events (Details Narrative)					1 Months Ended			10 Months Ended	12 Months Ended
Subsequent Events (Details Narrative)	Dec. 27, 2018 USD ($) $ / shares	Dec. 27, 2018 CAD ($)	Oct. 01, 2018 shares	Sep. 27, 2017 shares	Dec. 31, 2018 USD ($) shares	Nov. 30, 2018 USD ($) shares	Oct. 31, 2018 USD ($) $ / shares shares	Oct. 31, 2018 USD ($) Integer $ / shares shares	Sep. 30, 2018 USD ($) $ / shares shares	Sep. 30, 2017 shares	Dec. 27, 2018 CAD ($) shares	Jan. 31, 2018 USD ($)
Purchase price for assets and assumption of liabilities
Promissory note												$ 1,200,000
Warrants to purchase share of common stock \| shares									139,166
Convertible debenture, interest percentage												2.00%
Shares issued price per share \| $ / shares									$ 2.40
Number of common stock issued during period \| shares				41,667
Common Shares [Member]
Number of common stock issued for consulting \| shares										100,000
Number of common stock outstanding option exercised \| shares									65,886
Subsequent Event [Member]
Finance fee											$ 100,000
Shares issued price per share \| $ / shares	$ 3.00
Debt conversion price per share \| $ / shares							$ 1.80	$ 1.80
Conversion of stock shares converted \| shares							1,152,568
Conversion of stock shares converted, shares issuable \| shares							280,000
Number of common stock outstanding option exercised \| shares						187,500
Cash dispensed						$ 3,500,000
Advanced disperse funds						$ 270,000	$ 270,000
Subsequent Event [Member] \| Common Shares [Member]
Finance fee											50,000
Subsequent Event [Member] \| Cash [Member]
Finance fee											$ 50,000
Subsequent Event [Member] \| First Tranche [Member]
Cash commission percentage	7.00%	7.00%
Subsequent Event [Member] \| 8.0% Senior Unsecured Convertible Debenture [Member]
Warrants to purchase share of common stock \| shares											167
Convertible debenture, interest percentage											8.00%
Subsequent Event [Member] \| CAD Dollar [Member] \| 8.0% Senior Unsecured Convertible Debenture [Member]
Warrant exercise price \| $ / shares	$ 3.90
Convertible debenture											$ 1,000
Payment of brokered portion of offering											$ 2,247,000
Subsequent Event [Member] \| Private Placement [Member] \| Maximum [Member]
Aggregate gross proceeds of warrants	$ 10,000,000
Subsequent Event [Member] \| CD Special Warrant [Member] \| First Tranche [Member]
Cash commission percentage	7.00%	7.00%
Subsequent Event [Member] \| CD Special Warrant [Member] \| CAD Dollar [Member] \| First Tranche [Member]
Warrant exercise price \| $ / shares	$ 1,000
Subsequent Event [Member] \| CD Special Warrant [Member] \| Private Placement [Member]
Warrants to purchase share of common stock \| shares											3,121
Subsequent Event [Member] \| CD Special Warrant [Member] \| Private Placement [Member] \| CAD Dollar [Member]
Aggregate gross proceeds of warrants		$ 3,121,000
Warrant exercise price \| $ / shares	$ 1,000
Subsequent Event [Member] \| CD Special Warrant [Member] \| Private Placement [Member] \| Maximum [Member]
Warrants to purchase share of common stock \| shares											10,000
Subsequent Event [Member] \| Asset Purchase Agreement [Member]
Purchase price for assets and assumption of liabilities							4,613,000	$ 4,613,000
Payment of aquired cash								350,000
Promissory note							$ 400,000	$ 400,000
Debt instrument,description								The Company based on the lesser of 85% of the average closing price of the stock as traded in the over the counter market 30 days prior to closing or $2.40 per share.
Debt instrument lesser percentage								85.00%
Debt instrument trading days \| Integer								30
Debt instrument trading days per shares \| $ / shares								$ 2.40
Number of common stock for asset purchase \| shares								1,931,506
Subsequent Event [Member] \| Multi Party Agreement [Member]
Number of common stock issued during period \| shares					457,191	457,191
Common stock covering percentage					20.00%	20.00%
Purchase price of properties					$ 4,395,000	$ 4,395,000
Subsequent Event [Member] \| Consulting Agreement [Member]
Number of common stock issued for consulting \| shares			425,000

EXCEL 65 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 66 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 67 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 69 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 231 349 1 true 97 0 false 7 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://stemholdings.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Consolidated Balance Sheets Sheet http://stemholdings.com/role/BalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://stemholdings.com/role/BalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Operations Sheet http://stemholdings.com/role/StatementsOfOperations Consolidated Statements of Operations Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statement of Changes in Stockholders' Equity Sheet http://stemholdings.com/role/StatementOfChangesInStockholdersEquity Consolidated Statement of Changes in Stockholders' Equity Statements 5 false false R6.htm 00000006 - Statement - Consolidated Statements of Cash Flows Sheet http://stemholdings.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows Statements 6 false false R7.htm 00000007 - Disclosure - Incorporation and Operations and Going Concern Sheet http://stemholdings.com/role/IncorporationAndOperationsAndGoingConcern Incorporation and Operations and Going Concern Notes 7 false false R8.htm 00000008 - Disclosure - Summary of Significant Accounting Policies Sheet http://stemholdings.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - Property, Plant & Equipment Sheet http://stemholdings.com/role/PropertyPlantEquipment Property, Plant & Equipment Notes 9 false false R10.htm 00000010 - Disclosure - Investment in Equity Method Investees Sheet http://stemholdings.com/role/InvestmentInEquityMethodInvestees Investment in Equity Method Investees Notes 10 false false R11.htm 00000011 - Disclosure - Due from Affiliates Sheet http://stemholdings.com/role/DueFromAffiliates Due from Affiliates Notes 11 false false R12.htm 00000012 - Disclosure - Notes Payable and Advances Notes http://stemholdings.com/role/NotesPayableAndAdvances Notes Payable and Advances Notes 12 false false R13.htm 00000013 - Disclosure - Convertible Debt Sheet http://stemholdings.com/role/ConvertibleDebt Convertible Debt Notes 13 false false R14.htm 00000014 - Disclosure - Income Taxes Sheet http://stemholdings.com/role/IncomeTaxes Income Taxes Notes 14 false false R15.htm 00000015 - Disclosure - Shareholders' Equity Sheet http://stemholdings.com/role/ShareholdersEquity Shareholders' Equity Notes 15 false false R16.htm 00000016 - Disclosure - Commitments and Contingencies Sheet http://stemholdings.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 16 false false R17.htm 00000017 - Disclosure - Merger of Patch International, Inc. Sheet http://stemholdings.com/role/MergerOfPatchInternationalInc. Merger of Patch International, Inc. Notes 17 false false R18.htm 00000018 - Disclosure - Subsequent Events Sheet http://stemholdings.com/role/SubsequentEvents Subsequent Events Notes 18 false false R19.htm 00000019 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://stemholdings.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://stemholdings.com/role/SummaryOfSignificantAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://stemholdings.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://stemholdings.com/role/SummaryOfSignificantAccountingPolicies 20 false false R21.htm 00000021 - Disclosure - Property, Plant & Equipment (Tables) Sheet http://stemholdings.com/role/PropertyPlantEquipmentTables Property, Plant & Equipment (Tables) Tables http://stemholdings.com/role/PropertyPlantEquipment 21 false false R22.htm 00000022 - Disclosure - Investment in Equity Method Investees (Tables) Sheet http://stemholdings.com/role/InvestmentInEquityMethodInvesteesTables Investment in Equity Method Investees (Tables) Tables http://stemholdings.com/role/InvestmentInEquityMethodInvestees 22 false false R23.htm 00000023 - Disclosure - Notes Payable and Advances (Tables) Notes http://stemholdings.com/role/NotesPayableAndAdvancesTables Notes Payable and Advances (Tables) Tables http://stemholdings.com/role/NotesPayableAndAdvances 23 false false R24.htm 00000024 - Disclosure - Convertible Debt (Tables) Sheet http://stemholdings.com/role/ConvertibleDebtTables Convertible Debt (Tables) Tables http://stemholdings.com/role/ConvertibleDebt 24 false false R25.htm 00000025 - Disclosure - Income Taxes (Tables) Sheet http://stemholdings.com/role/IncomeTaxesTables Income Taxes (Tables) Tables http://stemholdings.com/role/IncomeTaxes 25 false false R26.htm 00000026 - Disclosure - Shareholders' Equity (Tables) Sheet http://stemholdings.com/role/ShareholdersEquityTables Shareholders' Equity (Tables) Tables http://stemholdings.com/role/ShareholdersEquity 26 false false R27.htm 00000027 - Disclosure - Commitments and Contingencies (Tables) Sheet http://stemholdings.com/role/CommitmentsAndContingenciesTables Commitments and Contingencies (Tables) Tables http://stemholdings.com/role/CommitmentsAndContingencies 27 false false R28.htm 00000028 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://stemholdings.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://stemholdings.com/role/SummaryOfSignificantAccountingPoliciesTables 28 false false R29.htm 00000029 - Disclosure - Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Assets (Details) Sheet http://stemholdings.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfEstimatedUsefulLifeOfAssetsDetails Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Assets (Details) Details 29 false false R30.htm 00000030 - Disclosure - Property, Plant & Equipment (Details Narrative) Sheet http://stemholdings.com/role/PropertyPlantEquipmentDetailsNarrative Property, Plant & Equipment (Details Narrative) Details http://stemholdings.com/role/PropertyPlantEquipmentTables 30 false false R31.htm 00000031 - Disclosure - Property, Plant & Equipment - Schedule of Property, Plant and Equipment (Details) Sheet http://stemholdings.com/role/PropertyPlantEquipment-ScheduleOfPropertyPlantAndEquipmentDetails Property, Plant & Equipment - Schedule of Property, Plant and Equipment (Details) Details 31 false false R32.htm 00000032 - Disclosure - Investment in Equity Method Investees (Details Narrative) Sheet http://stemholdings.com/role/InvestmentInEquityMethodInvesteesDetailsNarrative Investment in Equity Method Investees (Details Narrative) Details http://stemholdings.com/role/InvestmentInEquityMethodInvesteesTables 32 false false R33.htm 00000033 - Disclosure - Investment in Equity Method Investees - Schedule of Condensed Balance Sheet (Details) Sheet http://stemholdings.com/role/InvestmentInEquityMethodInvestees-ScheduleOfCondensedBalanceSheetDetails Investment in Equity Method Investees - Schedule of Condensed Balance Sheet (Details) Details 33 false false R34.htm 00000034 - Disclosure - Due from Affiliates (Details Narrative) Sheet http://stemholdings.com/role/DueFromAffiliatesDetailsNarrative Due from Affiliates (Details Narrative) Details http://stemholdings.com/role/DueFromAffiliates 34 false false R35.htm 00000035 - Disclosure - Notes Payable and Advances (Details Narrative) Notes http://stemholdings.com/role/NotesPayableAndAdvancesDetailsNarrative Notes Payable and Advances (Details Narrative) Details http://stemholdings.com/role/NotesPayableAndAdvancesTables 35 false false R36.htm 00000036 - Disclosure - Notes Payable and Advances - Schedule of Assumptions Value Warrant Granted (Details) Notes http://stemholdings.com/role/NotesPayableAndAdvances-ScheduleOfAssumptionsValueWarrantGrantedDetails Notes Payable and Advances - Schedule of Assumptions Value Warrant Granted (Details) Details 36 false false R37.htm 00000037 - Disclosure - Notes Payable and Advances - Schedule of Debt Maturities for Instruments (Details) Notes http://stemholdings.com/role/NotesPayableAndAdvances-ScheduleOfDebtMaturitiesForInstrumentsDetails Notes Payable and Advances - Schedule of Debt Maturities for Instruments (Details) Details 37 false false R38.htm 00000038 - Disclosure - Convertible Debt (Details Narrative) Sheet http://stemholdings.com/role/ConvertibleDebtDetailsNarrative Convertible Debt (Details Narrative) Details http://stemholdings.com/role/ConvertibleDebtTables 38 false false R39.htm 00000039 - Disclosure - Convertible Debt - Schedule of Assumptions Value Warrant Granted (Details) Sheet http://stemholdings.com/role/ConvertibleDebt-ScheduleOfAssumptionsValueWarrantGrantedDetails Convertible Debt - Schedule of Assumptions Value Warrant Granted (Details) Details 39 false false R40.htm 00000040 - Disclosure - Convertible Debt - Schedule of Converible Notes Outstanding After Unamortized Discount (Details) Notes http://stemholdings.com/role/ConvertibleDebt-ScheduleOfConveribleNotesOutstandingAfterUnamortizedDiscountDetails Convertible Debt - Schedule of Converible Notes Outstanding After Unamortized Discount (Details) Details 40 false false R41.htm 00000041 - Disclosure - Convertible Debt - Schedule of Converible Notes Outstanding After Unamortized Discount (Details) (Parenthetical) Notes http://stemholdings.com/role/ConvertibleDebt-ScheduleOfConveribleNotesOutstandingAfterUnamortizedDiscountDetailsParenthetical Convertible Debt - Schedule of Converible Notes Outstanding After Unamortized Discount (Details) (Parenthetical) Details 41 false false R42.htm 00000042 - Disclosure - Income Taxes (Details Narrative) Sheet http://stemholdings.com/role/IncomeTaxesDetailsNarrative Income Taxes (Details Narrative) Details http://stemholdings.com/role/IncomeTaxesTables 42 false false R43.htm 00000043 - Disclosure - Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) Sheet http://stemholdings.com/role/IncomeTaxes-ScheduleOfIncomeTaxExpenseBenefitDetails Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) Details 43 false false R44.htm 00000044 - Disclosure - Income Taxes - Schedule of Reconciliation of Expected Statutory Federal Income Tax Provision (Details) Sheet http://stemholdings.com/role/IncomeTaxes-ScheduleOfReconciliationOfExpectedStatutoryFederalIncomeTaxProvisionDetails Income Taxes - Schedule of Reconciliation of Expected Statutory Federal Income Tax Provision (Details) Details 44 false false R45.htm 00000045 - Disclosure - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) Sheet http://stemholdings.com/role/IncomeTaxes-ScheduleOfDeferredTaxAssetsAndLiabilitiesDetails Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) Details 45 false false R46.htm 00000046 - Disclosure - Shareholders' Equity (Details Narrative) Sheet http://stemholdings.com/role/ShareholdersEquityDetailsNarrative Shareholders' Equity (Details Narrative) Details http://stemholdings.com/role/ShareholdersEquityTables 46 false false R47.htm 00000047 - Disclosure - Shareholders' Equity - Schedule of Assumptions Used (Details) Sheet http://stemholdings.com/role/ShareholdersEquity-ScheduleOfAssumptionsUsedDetails Shareholders' Equity - Schedule of Assumptions Used (Details) Details 47 false false R48.htm 00000048 - Disclosure - Shareholders' Equity - Summary of Options Activity and Vested and Unvested Options Outstanding (Details) Sheet http://stemholdings.com/role/ShareholdersEquity-SummaryOfOptionsActivityAndVestedAndUnvestedOptionsOutstandingDetails Shareholders' Equity - Summary of Options Activity and Vested and Unvested Options Outstanding (Details) Details 48 false false R49.htm 00000049 - Disclosure - Shareholders' Equity - Schedule of Warrants Outstanding (Details) Sheet http://stemholdings.com/role/ShareholdersEquity-ScheduleOfWarrantsOutstandingDetails Shareholders' Equity - Schedule of Warrants Outstanding (Details) Details 49 false false R50.htm 00000050 - Disclosure - Commitments and Contingencies (Details Narrative) Sheet http://stemholdings.com/role/CommitmentsAndContingenciesDetailsNarrative Commitments and Contingencies (Details Narrative) Details http://stemholdings.com/role/CommitmentsAndContingenciesTables 50 false false R51.htm 00000051 - Disclosure - Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) Sheet http://stemholdings.com/role/CommitmentsAndContingencies-ScheduleOfFutureMinimumLeasePaymentsDetails Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) Details 51 false false R52.htm 00000052 - Disclosure - Merger of Patch International, Inc (Details Narrative) Sheet http://stemholdings.com/role/MergerOfPatchInternationalIncDetailsNarrative Merger of Patch International, Inc (Details Narrative) Details http://stemholdings.com/role/MergerOfPatchInternationalInc. 52 false false R53.htm 00000053 - Disclosure - Subsequent Events (Details Narrative) Sheet http://stemholdings.com/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://stemholdings.com/role/SubsequentEvents 53 false false All Reports Book All Reports stemh-20180930.xml stemh-20180930.xsd stemh-20180930_cal.xml stemh-20180930_def.xml stemh-20180930_lab.xml stemh-20180930_pre.xml http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/srt/2018-01-31 http://fasb.org/us-gaap/2018-01-31 true true ZIP 71 0001493152-19-000622-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-19-000622-xbrl.zip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‰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y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end