Stem Holdings Closes Deal To Acquire Driven Deliveries

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 …

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