DRVD - Driven Deliveries launches new E-Commerce delivery hub in Central California

Driven Deliveries (DRVD) secured preliminary approval for a new e-commerce delivery hub in the Fresno County region.It has also submitted its application for this new cannabis non-storefront retail license to the State of California which is expected to be approved in the near-term.Plans for Driven's acquisition by Stem Holdings (STMH) later this month are continuing on schedule, creating Driven By Stem trading under Stem's current symbols.The new hub will lead to significant cost savings in both general and administrative costs, as well as local taxes, with savings of $1.2M annually vs. servicing this market from a remote hub."Our focus on expanding our footprint in California with our Budee and Ganjarunner e-commerce stores as well as new markets will be the key to driving profitability in 2021," interim CEO Salvador Villanueva commented.Currently, Driven has delivery hubs located in Oakland and Los Angeles, California; plans expansion to the Oregon market in which Stem already operates by year-end.

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Driven Deliveries launches new E-Commerce delivery hub in Central California