Driven Deliveries Inc. Announces Partnership with Pure Ratios
June 13 2019 - 8:30AM
Driven Deliveries, Inc., (DRVD), the world’s first and only
publicly traded cannabis delivery company, announced today that
they have partnered with Pure Ratios Holdings, Inc. (“Pure
Ratios”), a CBD and THC wellness company and creator of the award
winning 96-hour pain relief Transdermal Reservoir Patch.
Pure Ratios is a portfolio company of Cannex
Capital Holdings Inc. (CSE: CNNX) (OTCQX: CNXXF) (“Cannex”).
Cannex, through its wholly-owned subsidiaries, provides a wide
range of services including real estate, management, financial,
branding and IP to licensed cannabis business operators
domestically and internationally. The Company is the creator
of the award winning 96-hour pain relief patch. The first and only
pain management product of its kind, the Pure Ratio Patches utilize
topical delivery of CBD and THC, which bypasses the digestive
process for undiluted absorption of cannabinoids directly into the
bloodstream. This provides users with fast-acting effects and
constant long-term relief. The patent-pending patch lasts up to 96
hours. Are Naturally pure, additive free, hypoallergenic and
water-proof.
“We are extremely pleased to be expanding our
service offerings throughout the highly concentrated California
cannabis user market,” said Chief Executive Officer, Mr. Christian
Schenk. “We believe that our best-in-class delivery platform
coupled with Pure Ratio’s proven popular brands will provide a
strong synergistic relationship between the companies. We
look forward to expanding our customer base while increasing
revenue and enhancing our overall brand recognition.
Management has already identified several similar popular brands
that it intends to add to our platform in the near future.”
This strategic partnership allows Pure Ratios
access to Driven’s extensive California delivery customer and
network and provides that same network with top-rated products such
as the 96-hour pan relief patch. Currently, Driven’s delivery
network covers approximately 93% of the population of California
with overnight cannabis delivery to major thriving markets such as
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.
“This is a tremendously exciting new
relationship for both Pure Ratios and Cannex which will support
Pure’s existing business while expanding its reach into new
segments of the California market,” said Mr. Anthony Dutton, CEO of
Cannex. “We are big believers in multiple distribution channels and
know Driven’s delivery platform will complement and enhance Pure
Ratio’s existing retail and healthcare practitioner channels. We
are also excited to form a corporate relationship with Driven,”
Forward-looking StatementsThis
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 Pure Ratios Holdings, Inc.
Pure Ratios was founded in 2015 with the idea of
combining traditional Chinese medicine, with a science-based
approach to develop patented and/or proprietary products for the
California medical marijuana and the national CBD Hemp markets.
Today, Pure Ratios is a team of practitioners, educators,
scientists, and individuals working together, to develop a family
of innovative products that heighten the use of cannabinoids to
create balance.
About Cannex Capital Holdings Inc.
Cannex, through its wholly-owned subsidiaries,
provides a wide range of services including real estate,
management, financial, branding and IP to licensed cannabis
business operators domestically and internationally. Cannex is
focused on premium indoor cultivation, extraction, manufacturing
and branding of edible and derivative products as well as retail
operations. Based in Vancouver, BC, Cannex is managed by a team of
experienced industry and capital markets experts who are committed
to aggressive, cost-effective growth. Cannex currently owns
BrightLeaf Development LLC which holds real estate assets, property
leases, brands and intellectual property, and material supply
agreements with Superior Gardens LLC (d/b/a Northwest Cannabis
Solutions), Washington State’s and the Pacific Northwest’s largest
full-line cannabis producer/processor, as well as 7Point Holdings
LLC, another Washington State licensed cannabis
producer/processor.
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.
ContactBrian Hayek1 (888)
322-4449IR@GoDriven.com www.godriven.com
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