RTTNews | Dec 30, 2020 09:10AM EST

09:09 Wednesday, December 30, 2020 (RTTNews.com) - Stem Holdings Inc. said that it has completed its acquisition of Driven Deliveries, Inc., an e-commerce and DaaS provider with proprietary logistics and omnichannel UX technology.

The company is projected to have revenues of US$75 million in 2021 and a combined gross profit of US$30 million. The Acquisition is expected to be immediately accretive to earnings per share of the company.

The company also expects that consumer cannabis purchasing post-pandemic will rely increasingly on home delivery, as with other consumer product categories.

Read the original article on RTTNews ( https://www.rttnews.com/3156827/stem-holdings-closes-acquisition-of-driven-deliveries.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved