M&A Deal Summary

Stem Holdings Acquires Driven Deliveries

On October 22, 2020, Stem Holdings acquired transportation company Driven Deliveries

Acquisition Highlights
  • This is Stem Holdings’ 1st transaction in the Transportation sector.
  • This is Stem Holdings’ 3rd transaction in the United States.
  • This is Stem Holdings’ 1st transaction in California.

M&A Deal Summary
Date 2020-10-22
Target Driven Deliveries
Sector Transportation
Buyer(s) Stem Holdings
Deal Type Add-on Acquisition

Target

Driven Deliveries

San Diego, California, United States
website
Driven Deliveries, Inc. is a provider of on-demand marijuana delivery, in select cities where allowed by law. Driven provides the legal cannabis consumers the ability to purchase and receive their marijuana in a fast and convenient manner. In leveraging consumer trends, and offering a proprietary, turnkey delivery system to its customers, management believes it is uniquely positioned to best serve the needs of the emerging cannabis industry and capture notable market share within the sector.

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Buyer(S) 1

Buyer

Stem Holdings

Boca Raton, Florida, United States

website

Category Company
Founded 2016
Sector Agriculture
Employees150
Revenue 17M USD (2022)
DESCRIPTION

Stem Holdings is a vertically integrated cannabis company. Stem owns cannabis facilities in Nevada, Oklahoma, and Oregon, and also participates in a research project in collaboration with Cornell University. Utilizing proprietary, sustainable cultivation techniques, Stem develops exceptional products that are safe and consist of lab-tested cannabis and CBD. Stem Holdings was founded in 2016 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 3 of 4
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (California) 1 of 1
Country (United States) 3 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 TJ’s Gardens

Eugene, Oregon, United States

TJ’s Gardens is a licensed cannabis and hemp cultivation and innovation processing, as well as other segments to include and not be limited to extraction, retail, and distribution. TJ’s is highly recognized and well known for its award-winning, proprietary cannabis genetics, including TJ’s Durban Poison strain, named High Times Magazine’s “Best Tasting Bud” two years in a row.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Artifact Extracts

Eugene, Oregon, United States

Artifact Extracts is a premier cannabis extraction company based in Oregon known for its award-winning concentrates, as well as two dispensaries.

Buy -
Mergr

Product

Company

Legal