The science
The claim requiring the most scrutiny here is the one embedded in the product's name, and it fails on straightforward cell biology rather than on any question of dosage. Stem cells are defined by self-renewal and by the capacity to differentiate into specialized cell types within their own organism. Plant and animal lineages diverged more than a billion years ago and have incompatible cellular architecture — plant cells possess cell walls, plastids, and entirely different signalling and differentiation pathways. A plant stem cell placed on human skin has no mechanism by which it could become a human cell of any kind. Compounding this, the cosmetic ingredient is a lysate: cultured plant cells are deliberately ruptured, and what enters the formula is cellular contents rather than viable cells. Nothing in the bottle is alive. Functionally, this is a plant extract delivering polyphenols, sugars, and amino acids, and it should be evaluated on that basis.
The supplier evidence associated with this material concerns the protection of human epidermal stem cells in vitro under UV stress and a small consumer study on periorbital wrinkle appearance. Neither addresses hair follicles, and in vitro protection of cultured cells is a considerable distance from any clinical outcome on a scalp. The accompanying pea and oak extracts occupy comparable ground: both are marketed within the cosmetic ingredient trade with manufacturer-held data on hair cycle parameters, and neither has independent replication in the peer-reviewed literature. This is a meaningful distinction rather than a technicality, since supplier data is generated by a party with a direct commercial interest in the result.
What the formula does support well is hydration, and here the evidence is unambiguous and boring. Glycerin is among the most thoroughly characterized humectants in dermatology, with well-documented reduction of transepidermal water loss, and its position second on this list means it is present at a concentration that matters. Sodium hyaluronate, butylene glycol, and aloe extend the same mechanism. Glucosamine HCl has a modest topical literature relating to hydration and pigmentation, none of it concerning hair. The reliable, demonstrable benefit of this product is that it makes a dry scalp less dry — which it does well, and which is not what it is sold on.