This micro cap company has made headlines pretty often in recent weeks. On top of its announced acquisition by Stem Holdings (CSE:STEM) made in mid-October, the company announced today that it will be partnering with Pabst Labs. Driven Deliveries, Inc. (OTCQB:DRVD), one of California’s fastest growing online cannabis retailers announced the partnership with Pabst labs to enable its new Pabst Blue Ribbon Cannabis Infused Seltzer, according to the release. This partnership will enable this product to reach 92% of California’s statewide population through Driven’s online cannabis e-commerce platform.
Traders seemed to be excited on the news, as shares traded up to $.36/share (+5.88%). This moved the stock over its 50-day SMA, which it has had recent failure to surpass over the last few sessions. While the cannabis and CBD products market continues to heat up, be sure to keep this unique company on your watchlist as it begins the rollout of this partnership.