Cannabis and hemp company Stem Holdings Inc. (OTCQX: STMH) (CSE: STEM) has closed the previously announced acquisition of e-commerce and DaaS (delivery-as-a-service) provider Driven Deliveries Inc. (OTCQB: DRVD).
The all-stock deal is valued at about CA$41.3 million.
The company's combined market capitalization amounts to $65 million. In addition, it is expected to generate revenues of $75 million in 2021.
Under the deal, Driven's shareholders agreed to gain one share of Stem's common stock for …