Driven Deliveries To Acquire Humboldt Heritage Inc
January 28, 2020
Driven Deliveries (DRVD) announced a letter of intent to acquire Northern California-based Humboldt Heritage Inc. and its subsidiaries Humboldt Sun Growers Guild LLC and Grateful Eight LLC, creating a vertically integrated, farm-to-consumer cannabis operator in California. The transaction is expected to add about $20M to Driven's 2020 revenue forecast, give Driven exclusive access to 18 brands and products from more than 200 Humboldt farms, and materially improve gross margins through vertical integration and scale.
- Buyers
- Driven Deliveries, Inc.
- Targets
- Humboldt Heritage Inc., Humboldt Sun Growers Guild LLC, Grateful Eight LLC
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
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