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SAN DIEGO, Feb. 11, 2019 (GLOBE NEWSWIRE) -- 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. These partnerships have the potential to allow for additional territories to be added to the Driven platform in the future.
“We are extremely pleased to announce the recent expansion of our cannabis delivery platform,” stated Mr. Chris Boudreau, Chief Executive Officer of Driven. “I believe the addition of these markets, reflect our best-in-class service offering coupled with increasing market demand for legal cannabis. In keeping with our strategic business plan, management is currently researching supplementary market opportunities, both in California and in other states. We are excited with the growth trajectory that the company has experienced in such a short period, and look forward at leveraging the numerous opportunities that lay ahead of us.”
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.