Driven Deliveries Inc., is the first publicly traded cannabis delivery service operating within the United States. Founded by experienced technology and cannabis executives, the company provides e-commerce solutions, online 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. For more information, please visit www.DRVD.com and review Driven’s filings with the U.S. Securities and Exchange Commission.
Company profile
Ticker
DRVD
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Results Based Outsourcing Inc
SEC CIK
Corporate docs
Subsidiaries
GR Acquisition, Inc. ...
Latest filings (excl ownership)
15-15D
Suspension of duty to report
10 Feb 21
424B3
Prospectus supplement
4 Jan 21
AW
Withdrawal of amendment
4 Jan 21
8-K/A
Acquisition Creates the First Vertically-Integrated Cannabis Company
30 Dec 20
S-1/A
IPO registration (amended)
30 Dec 20
S-1/A
IPO registration (amended)
28 Dec 20
EFFECT
Notice of effectiveness
14 Dec 20
CORRESP
Correspondence with SEC
8 Dec 20
S-1/A
IPO registration (amended)
30 Nov 20
CORRESP
Correspondence with SEC
30 Nov 20
Latest ownership filings
Financial summary
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 511.32 k | 511.32 k | 511.32 k | 511.32 k | 511.32 k | 511.32 k |
Cash burn (monthly) | (no burn) | (no burn) | 2.61 mm | 1.82 mm | 412.82 k | 326.51 k |
Cash used (since last report) | n/a | n/a | 111.97 mm | 77.90 mm | 17.71 mm | 14.01 mm |
Cash remaining | n/a | n/a | -111.46 mm | -77.39 mm | -17.20 mm | -13.50 mm |
Runway (months of cash) | n/a | n/a | -42.7 | -42.6 | -41.7 | -41.3 |