0000000000-21-002830.txt : 20210510 0000000000-21-002830.hdr.sgml : 20210510 20210309163004 ACCESSION NUMBER: 0000000000-21-002830 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20210309 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Stem Holdings, Inc. CENTRAL INDEX KEY: 0001697834 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] IRS NUMBER: 611794883 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 2201 NW CORPORATE BVD STREET 2: SUITE 205 CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 561-948-5410 MAIL ADDRESS: STREET 1: 2201 NW CORPORATE BVD STREET 2: SUITE 205 CITY: BOCA RATON STATE: FL ZIP: 33431 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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MG*=$=J-')R<_QF[CR\0:;6W&X!(8) ')*"2YY^R@XYZ/))%##HXXXB-QHSGH MC-S#B'BK]F*$;6[=[ ,"-\V^V'WW1_/=482DJ#_,;^^Y6VE5:4C+HE9I[4IN M[783PP3!3)E<%W7I_5$^S$XQXAR/J(PC+UT:+[@I-=RF%ZHH3JD((HB7WF3U M8]\B'J&X,Q>8 MI](H9[P];H6RS>Y[UVH)ZJZKCM37Q2)+M1.:9@L-LS335J%ZXW;_O^/!F4"L MUU^:?F@/QT/Y39L:I@C&"":V36V&<%FM=[OM#P^8FSP*96YD7!E+T-A=&%L;V8 %/F2VY<;8, MYUV"-D.4?&+V1?$KR^3_69XR6 ^'7J!"UC>^X%1I(U^+C>LXOE2ALU[-?1T: MYUNU=7[FH[OW3Z'*\-W\07IW3=SE$ET^"M?^L7G$FPS8S$#Z TSMB7L*96YD M'0M-2XT+C4* TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo March 9, 2021 Adam Berk Chief Executive Officer Stem Holdings, Inc. 2201 NW Corporate Blvd., Suite 205 Boca Raton, FL 33431 Re: Stem Holdings, Inc. Amendment No. 4 to Registration Statement on Form S-1 Filed March 1, 2021 File No. 333-251897 Dear Mr. Berk: We have reviewed your amended registration statement and have the following comment. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our February 26, 2021 letter. Amendment No. 4 to Registration Statement on Form S-1 General 1. We note your response to our prior comment 1 and disagree with your analysis. See Securities Offering Reform Adopting Release (SEC Release No. 33-8591) (Aug. 3, 2005) (noting [c]ourts have held consistently that the date of a sale is the date of contractual commitment, not the date a confirmation is sent or received or payment is made ). Because it appears that you have already offered and sold the units to investors, the registration statement should cover resales by the purchasers and not issuances to the purchasers. See also Securities Act Sections Compliance and Disclosure Interpretations No. 134.03. Adam Berk Stem Holdings, Inc. March 9, 2021 Page 2 Please contact Ada D. Sarmento at 202-551-3798 or Joe McCann at 202-551-6262 with any questions. Sincerely, FirstName LastNameAdam Berk Division of Corporation Finance Comapany NameStem Holdings, Inc. Office of Life Sciences March 9, 2021 Page 2 cc: Robert L. B. Diener, Esq. FirstName LastName