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Earlier this month, Driven Deliveries Inc (OTC: DRVD) announced that it's expanded its California cannabis delivery platform. On Tuesday, the company named Jerrin James as its chief operating officer. "State-sanctioned cannabis is on the trajectory to be an $80-billion market by 2030 in the U.S., and for me it represents an opportunity of a lifetime," James told Benzinga.
Driven Deliveries, Inc., (DRVD), the world’s first and only publicly traded cannabis delivery company, announces the addition of Mr. Jerrin James to serve as the company’s Chief Operating Officer. Jerrin James is an accomplished global logistics and supply chain executive who has led operations, supply chain and logistics at technology giants such as Amazon, Groupon and Facebook. Previously, he served as Head of Logistics at Facebook with global responsibility.
Driven Deliveries, Inc., (DRVD), the world’s first and only publicly traded cannabis delivery company, announced today that it has established relationships with four cannabis retailers, significantly expanding the company’s presence and its ability to increase market share. These retailers are located throughout California's largest markets and will allow Driven to support deliveries in the Bay Area, Central California, Sacramento, and in the Orange County and Los Angeles areas. California is one of the largest recreational cannabis markets in the world, it is expected to reach $5 billion in 2019. Delivery represents a significant market opportunity throughout the state, Licensed retailers, have made more than 500,000 deliveries throughout California in 2018 alone.
Driven Deliveries, Inc., (DRVD), the world’s first and only publicly traded cannabis delivery company, announced today Financial Industry Regulatory Agency (FINRA) has approved their proposed 12.35:1 forward stock split, and that the company will be trading a split-adjusted basis today, February 7, 2019. Driven Deliveries, Inc. began trading on the OTC under the new stock ticker symbol “DRVD” on January 28, 2019. “Management chose to do a forward stock split because we feel it will provide greater visibility and liquidity to our stock and offers a more attractive buying opportunity to both current and new shareholders,” stated Mr. Chris Boudreau, Chief Executive Officer of Driven.
“The recent completion of the name and ticker change better reflect the evolution of our business model and future vision,” stated Mr. Chris Boudreau, Chief Executive Officer of Driven. “The legal cannabis space continues to serve as a sector filled with significant growth potential. Management believes that we are launching our legal cannabis delivery platform at the ideal time as legislatures across the country continue to expand the addressable cannabis marketplace.