Eaze this week announced significant plans to expand into one of the U.S.’s largest cannabis shipment services. One of the initial on-demand cannabis delivery services, the Bay Area-based business is set to get cannabis merchant and grower Green Dragon, which operates in the hot markets of Colorado and Florida. Combined with existing operations in California and Michigan, the offer would find Eaze operating in America’s 4 largest cannabis markets.
Less than two years back, it was unclear if Eaze would have sufficient cash to continue running. According to TechCrunch’s reporting, it was experiencing substantial problem raising funds and went through unannounced layoffs. The business was changing from offering delivery services to operating as a shipment dispensary. Eaze was efficiently the Uber of weed, attempting to end up being the Amazon of weed.
Established in 2014 by Keith McCarty, Eaze has raised over $255 million to date. The company cycled through leadership and has actually seen three CEOs, with Rogelio Choy leading it since 2019. Former CEO Jim Patterson recently pleaded guilty in a $100 million scheme to deceive banks into processing credit and debit payments in marijuana purchases. The case resembles one brought against Eaze in 2019, though the business denied participation and is not an offender in the case against Patterson. The future was unclear, today two years later on, it’s raising more funds and is on track to end up being the nation’s biggest multi-state marijuana delivery service.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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