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Driven Deliveries Inc. (DRVD) Announces Letter of Intent to Acquire Ganjarunner Inc., Adding Material Revenue Stream to Company

Joe Samuel

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Deal will Significantly Expand Driven’s Delivery platform throughout $5.1 billion California market

SAN DIEGO, April 30, 2019 (GLOBE NEWSWIRE) — Driven Deliveries, Inc., (DRVD), the world’s first and only publicly traded cannabis delivery company, announced today that the company has entered into a non-binding Letter of Intent to acquire Ganjarunner, Inc.

Report: Two Massive Growth Industries, One Choice for Investors

Ganjarunner has shown continuous revenue growth since its inception. Since May of 2018 Ganjarunner has fulfilled over 17,000 deliveries to more than 6,000 customers and has experienced revenue growth of 54% to $2.6 million. Ganjarunner is rapidly expanding its existing customer base of over 10,800 customers and by adding over 1,300 new customers in Q1 CY2019 alone. Ganjarunner adds a solid revenue foundation to Driven as over 82% of Ganjarunner’s current business is from derived from repeat customers. In addition to adding accreditive revenue growth and an existing customer base, the transaction will significantly expand Driven’s next day delivery network and service area along with Ganjarunner’s California cannabis delivery license. 

“Management is confident that this paradigm-shifting acquisition with Ganjarunner, a trusted brand within the legal cannabis delivery market, will significantly enhance our commercial standing throughout the rapidly emerging California space,” said Mr. Brian Hayek, President of Driven Deliveries, Inc. “This acquisition will provide us with a stable revenue base from which we can continue to grow our revolutionary cannabis delivery platform. Driven will continue to target similar acquisition candidates which we believe to be accretive to our business and provide our partners and us with strategic advantages in this industry.”

California is officially the first and only state to legalize home delivery service across all municipalities. According to the Times-Standard. With nearly 40 million residents and more than a million medical marijuana patients, California’s market represents about a third of the North American cannabis market. The state’s cannabis market is expected to exceed $5.1 billion market value in the next year after legalizing its recreational use on January 1, 2018. 

“Unifying our resources allows Ganjarunner to rapidly expand within California and enter into new markets while continuing to deliver service excellence to all of our existing and future customers,” said Ms. Carla Baumgartner, Founder of Ganjarunner. “The synergy among both management teams, our combined experience, shared technologies and combined licenses puts us in a strong position to be the preferred choice within the cannabis delivery market.”

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Driven
Driven Deliveries, Inc. is the only publicly traded cannabis delivery service operating within the United States. Founded by experienced technology and cannabis executives, the Company provides 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. By 2020, legal cannabis revenue in the U.S. market is projected to hit $23 billion. 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. For more information, please visit https://GoDriven . com/ and review Driven’s filings with the U.S. Securities and Exchange Commission.

Contact
Brian Hayek
1 (888) 322-4449
IR @ GoDriven . com
www. godriven . com

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Driven Deliveries, Inc. (DRVD) Announces Christian Schenk as New Chief Executive Officer

Jon Phillip

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SAN DIEGO, May 06, 2019 (GLOBE NEWSWIRE) — Driven Deliveries, Inc., (DRVD), the American’s first and only publicly traded cannabis delivery company, announced today that Mr. Christian Schenk has been named its new Chief Executive Officer, effective on May 3, 2019. Mr. Schenk succeeds Chris Boudreau, who served as CEO since Driven’s inception.  Mr. Boudreau will remain in an advisory role with the company.

Mr. Schenk is a Canadian born entrepreneur and investor with a proven track record of success within the transportation technology sector. He has previously developed and sold two telematics companies; Telkar based in Canada and Elcon based in Europe. In 2010 Schenk joined XATA following the acquisition of Turnpike Global and Geologic. Mr. Schenk was tasked with merging three distinct businesses into a single entity and solution which once complete lead to the rebranding of the company to XRS (NASDAQ; XRSC).   XRS was sold to Omnitracs in 2014 for $178M. Schenk recognized the opportunity to shift many of the IoT (Internet of things) learnings such as data analytics, machine learning and predictive modeling to the Social and Content Marketing sector.

“Management is looking forward to leveraging Mr. Schenk’s extensive knowledge of transportation technology and his extensive industry relationships,” said Mr. Brian Hayek, Co-founder and President of Driven Deliveries, Inc.  “The addition of Christian is another example of Driven’s commitment to establishing a strong portfolio of human capital, capable of building and maintaining long-term growth platform. 

Mr. Hayek continued, “Management would also like to thank Chris Boudreau for his service to the company.  Chris was instrumental in assisting Driven through the go-public process and securing our initial cannabis delivery licenses.  We wish him well in his future endeavors.”

In 2017 Schenk entered the payments industry where he formed several new ventures including a freight factoring alternative, BNK which pays truck drivers based on achieving route defined milestones and IPTS a recreation & hospitality employee same day pay solution that enables employees to get paid daily vs waiting till payday.  Schenk holds several board seats in the rideshare, supply chain and mobile technology industries. Previously, he formed one of the largest networks of professional truck drivers, ONE20 which was sold in mid 2017.  ONE20 offered routing, navigation and social intelligence to its more than 700,000 members and monetized by selling content and advertising based on personal personas, relevance and location.

“Driven is in such an incredible position to dominate the cannabis delivery and distribution markets,” said Christian Schenk. “Looking at the current valuations and capital placement in the freight and ride share categories it is my intention to leverage past learnings and partnerships to further separate Driven from its single threaded competitors. We will focus on solid sustainable business ventures while keeping an eye on healthy growth both inside our core markets and expanding into new states and potentially north of the border.  We know where the brands need our help and we know how to build loyal customers.  The cross section of those strengths will be where we deliver the most value to the industry and our shareholders” 

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Driven

Driven Deliveries, Inc. first and only publicly traded cannabis delivery service operating within the United States and listed on American Exchanges.  Founded by experienced technology and cannabis executives, the Company provides 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.  By 2020, legal cannabis revenue in the U.S. market is projected to hit $23 billion.  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. For more information, please visit https://GoDriven. com/ and review Driven’s filings with the U.S. Securities and Exchange Commission.

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Driven Deliveries Inc. (DRVD) Completes Acquisition of Ganjarunner, Inc. First-Year Revenue Expected to Exceed $4 Million

Joe Samuel

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The transaction significantly bolsters Driven’s Brand-to-Consumer delivery and will expand the Ganjarunner brand throughout California

SAN DIEGO, June 25, 2019 (GLOBE NEWSWIRE) — Driven Deliveries, Inc., (DRVD), the world’s first publicly traded cannabis delivery company, announced today that the company has completed the acquisition of Ganjarunner, Inc., a cannabis delivery company that provides high-quality lab-tested, pesticide-free medicinal and recreational products throughout California.

In addition to growing Ganjarunner’s customer base, the acquisition of Ganjarunner will allow for Driven to leverage its brand-to-consumer model across virtually the entire state of California. The subsidiary will provide Driven with multiple fulfillment centers, an additional delivery license in California, and a unique technology platform that will allow for improved efficiency. Ganjarunner has shown continuous revenue growth since its inception. During the previous 12 months, the Ganjarunner, Inc. successfully completed 18,854 deliveries to more than 7,748 customers and has experienced year over year revenue growth of 49.3%. As an subsidiary of Driven, Ganjarunner is projected to reach to $4.1 million in revenue by the end of 2019.  

“The acquisition and integration of Ganjarunner is a vital step in establishing ourselves as a market leader within the rapidly expanding California cannabis marketplace,” said, Mr. Christian Schenk. “This acquisition provides us meaningful topline growth and establishes a platform capable of supporting significant expansion.  We believe we are well-positioned to establish ourselves as a market leader within the $5 billion California cannabis market.  Driven has already identified similarly accretive targets which we believe would further expand our operating footprint.  We expect 2019 to continue to serve as an exciting time for Driven as we remain focused on increasing revenue, expanding margins and enhancing overall shareholder value.”

“We are pleased to officially announce Ganjarunner, Inc. and Driven will operate as one,” stated, Mr. Chris Haas, CEO of Ganjarunner.  “The Ganjarunner management team is staying with the combined company as we are believers in the growth of Driven and Ganjarunner.   Our integration is fully underway with a key focus on our logistics and IT infrastructure. This merger enables us to expand into new delivery markets while remaining a leader in the customer-centric, cannabis delivery industry.”

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Driven

Driven Deliveries, Inc. is the only publicly traded cannabis delivery service operating within the United States.  Founded by experienced technology and cannabis executives, the Company provides 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.  By 2020, legal cannabis revenue in the U.S. market is projected to hit $23 billion.  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. For more information, please visit https://GoDriven .com/ and review Driven’s filings with the U.S. Securities and Exchange Commission.

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Driven Deliveries Inc. (DRVD) Announces Partnership with Cypress Hill Rapper, B-Real’s, Dr. Greenthumb’s Dispensary

Joe Samuel

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cannabis stock to watch

SAN DIEGO, June 26, 2019 (GLOBE NEWSWIRE) — Driven Deliveries, Inc. (DRVD), the world’s first publicly traded cannabis delivery company, announced today that they have partnered with Dr. Greenthumb’s Dispensary to serve as their strategic e-commerce and delivery solution, providing them with direct-to-consumer distribution for cannabis products.  

[Next Article] How Will Cannabis Delivery Change The Game In California?

Cypress Hill rapper, B-Real, launched Dr. Greenthumb’s Dispensary in August 2018 in Sylmar, California. The dispensary sells an assortment of cannabis products as well as accessories, merchandise, clothing and more.  It is a fully-licensed dispensary for medical and recreational use. B-real and Cypress will promote the store, products and partnership through its marketing channels and extensive social media network.

As part of the agreement, Driven will leverage its newly acquired Ganjarunner, Inc subsidiary and distribution partnerships, to deliver products from the brand and ensure 100% availability of marketed products.  Additionally, Driven will leverage its expertise to build Dr. Greenthumb’s an online store to boost its exposure, add customer convenience and increase sales.  Dr. Greenthumb is scheduled to open another dispensary in Sacramento, California, on June 30, 2019.  They have currently identified several additional locations in California and other states, where cannabis is legal.  

“Management is extremely pleased to announce this partnership and is excited with the opportunity to significantly expand our service offerings,” said Chief Executive Officer, Mr. Christian Schenk. “Our delivery platform, reach, and expertise are an ideal fit for a growing company with a brand name. B-Real is a staple in both the music and cannabis scene and a legend in California.  We believe that adding their popular cannabis brands to our service will help increase sales for us and significantly enhance our brand.”

“I consider myself to be incredibly fortunate to be part of another major inflection point. We are now able to see this partnership drive availability, brands, and revenues,” said Louis Mario Freese; aka, B-Real.  “This is the first of many significant projects you will see us pioneering together.” 

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

About Driven

Driven Deliveries, Inc. is the first publicly traded cannabis delivery service operating within the United States. Founded by experienced technology and cannabis executives, the Company provides 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. By 2020, legal cannabis revenue in the U.S. market is projected to hit $23 billion. 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. For more information, please visit www.DRVD .com and review Driven’s filings with the U.S. Securities and Exchange Commission.

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