Mr. Brian Hayek of Driven Deliveries reports

DRIVEN DELIVERIES, INC. ANNOUNCES SHAREHOLDER APPROVAL OF ANNOUNCED ACQUISITION BY STEM HOLDINGS, INC. SHAREHOLDERS REPRESENTING 59% OF ELIGIBLE VOTES APPROVE ACQUISITION

Driven Deliveries Inc. has received majority approval of its acquisition by Stem Holdings Inc. and has filed a 14-C Information statement with the U.S. Securities and Exchange Commission.

Driven entered into a definitive agreement and plan of reorganization dated Oct. 5, 2020, pursuant to which Stem agreed to acquire all of the stock of Driven Deliveries. The board of directors of each of Stem and Driven Deliveries have unanimously approved the all-stock acquisition and it is expected to close in Q4 2020.

"We are delighted to become part of the Stem family of dynamic products and services," stated Brian Hayek, co-founder and chief financial officer of Driven Deliveries. "With unanimous board support and majority shareholder approval of this transaction, we have completed the last mandatory SEC requirement to close."

Following completion of the acquisition, all Driven shareholders will receive one share of Stem Holding's common stock for each share held. Stem Holdings will become Driven By Stem, which the company believes will be the first vertically integrated cannabis company with a DaaS (delivery-as-a-service) platform, that will meet the needs of all cannabis consumers in markets served. The company will continue to trade under Stem's current symbols. Further details of the agreement are included in the 14-C filing. The complete filing may be seen on the SEC website.

Total 2020 gross revenue of Stem and Driven Deliveries, as a combined entity, is projected to be $49-million (U.S.) with gross profit of $18-million (U.S.). The company is expected to have a combined market capitalization of approximately $60-million (U.S.), based on the closing market price of the Stem shares and the Driven shares on the OTCQX and the OTCQB, respectively, on Oct. 22, 2020.

About Driven Deliveries Inc.

Driven Deliveries is one of the first publicly traded cannabis delivery services operating within the United States. Founded by experienced technology and cannabis executives, the company provides e-commerce solutions, on-line sales and on-demand cannabis delivery in select cities where allowed by law. Driven offers legal cannabis consumers the ability to purchase and receive their marijuana in a fast and convenient manner. By 2020, legitimate cannabis revenue in the U.S. market is projected to hit $23-billion. By 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.

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