MJBizMag November-December 2020 - 31

Stem-Driven Deal
Florida-based marijuana grower and
retailer Stem Holdings signed a
deal to acquire Los Angeles-based
cannabis delivery company Driven
Deliveries.
The all-stock transaction is worth approximately
$31.1 million, according to a news release. The combined
company will be called Driven by Stem and operate
out of Stem's offices in Boca Raton.
Surterra Strikes
Texas Telehealth Partnership
Surterra Texas, a division of
Parallel and one of three medical
cannabis companies licensed
in Texas' Compassionate Use
Program, struck an exclusive
partnership with Heally to provide online access to
doctors for medical cannabis.
The board-certified doctors specialize in family
medicine, internal medicine, neurology and pediatrics.
Liberty Partners With Edibles Business
Liberty Health Sciences, a vertically integrated
cannabis company operating in Florida, entered a
licensing agreement with VCC Brands, aka Venice
Cookie Co. The agreement will bring VCC's edibles
products to Liberty's 30 dispensaries.
Grow Generation Makes Acquisition
GrowGeneration, a chain of specialty hydroponic and
organic garden centers, acquired Hydroponics Depot,
Phoenix's largest indoor and outdoor garden center. Including
the new deal, GrowGen has 29 stores in 11 states.
Hypur Teams Up With Credit Union
The GFA Federal Credit Union, which said in 2018 that
it would serve Massachusetts marijuana companies,
announced a new partnership with cannabis payment
processor Hypur to bring digital payment options to MJ
retailers in the state.
Arizona-based Hypur earlier this year debuted contactless
payment options for California retailer Caliva and
online marketplace Dutchie.
November-December 2020 | mjbizdaily.com 31

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MJBizMag November-December 2020

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