Stem Holdings Acquires Driven Deliveries, Inc.
October 22, 2020
Stem Holdings, Inc. agreed to acquire all outstanding shares of Driven Deliveries, Inc. in an all-stock transaction approved by Driven shareholders and expected to close in Q4 2020. The acquisition brings Driven's cannabis e-commerce and delivery-as-a-service technology into Stem's vertically integrated cannabis and hemp business to expand Stem's logistics, distribution and omnichannel capabilities.
- Buyers
- Stem Holdings, Inc.
- Targets
- Driven Deliveries, Inc.
- Sellers
- Driven Deliveries shareholders
- Industry
- E-Commerce
- Location
- California, United States
- Transaction Type
- Buyout
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