Driven By Stem was a sponsor at the Benzinga Cannabis Capital Conference on February 25-26, 2021. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only.
With cannabis industry sales projected to grow at a compound annual growth rate (CAGR) of 21%, reaching more than $41 billion by 2025 (from $13.2 billion in 2019), 2021 is proceeding at a steady pace with multiple mergers-and-acquisitions (M&As) underway.
Many deals have caught the industry’s attention in the past few months with companies like
Jazz Pharmaceuticals (NASDAQ:JAZZ) acquiring
Leafywell owner NxGen Brands partners with Capital Cannabis Direct for deliveries bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Stem Holdings Announces All Common Shares of DRVD will Trade Under symbol STMH on February 4, 2021
Consolidated Market Capitalization of US$112 Million Post-Acquisition
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Stem Holdings, Inc. DBA Driven by Stem (the
Company or
Stem ) (OTCQX: STMH CSE: STEM), a leading omnichannel, vertically-integrated cannabis branded products and technology company with an integrated Delivery-as-a-Service (DaaS) platform, today announced the timeline and process for the exchange of all common shares of Driven Deliveries, Inc. (
Driven or
Driven Deliveries ) (OTCQB: DRVD) for shares of Stem. The shares of Stem trade under the symbol, STMH, on the OTCQX and, STEM, on the CSE,
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Stem Holdings Announces All Common Shares of ‘DRVD’ will Trade Under symbol ‘STMH’ on February .
Stem Holdings, IncFebruary 2, 2021 GMT
Consolidated Market Capitalization of US$112 Million Post-Acquisition
BOCA RATON, FL, Feb. 02, 2021 (GLOBE NEWSWIRE) Stem Holdings, Inc. DBA Driven by Stem (the “Company” or “Stem”) (OTCQX: STMH CSE: STEM), a leading omnichannel, vertically-integrated cannabis branded products and technology company with an integrated Delivery-as-a-Service (DaaS) platform, today announced the timeline and process for the exchange of all common shares of Driven Deliveries, Inc. (“Driven” or “Driven Deliveries”) (OTCQB: DRVD) for shares of Stem. The shares of Stem trade under the symbol, STMH, on the OTCQX and, STEM, on the CSE,
Over the last five trading days, including Dec. 24:
The
The
The
The
The
SPDR S&P 500 ETF Trust (NYSE:SPY) was up 1.4%
We also learned the U.S. Drug Enforcement Administration is expanding the number of research licenses it will grant to cannabis cultivators in 2021. Right now, only one entity, the University of Mississippi, holds this type of license.
“DEA believes a range of three to 15 growers is a reasonable sestimate for purposes of this economic analyses, with the understanding that the actual number could vary considerably,” the rule says.
Wisconsin Governor Tony Evers proposed cannabis legalization as a potential way to boost tax revenue, looking to offset the impact of the COVID-19 pandemic. The prospect of adult use is up for consideration in Wisconsin s 2021 budget proposal, but nothing has been decided so far.