California’s largest cannabis delivery service Eaze is making a comeback.
Eaze Technologies Inc., which recently announced it will be ceasing operation by the end of 2025 will reorganize as Eaze Inc.
The company announced a $10 million in series B funding on Tuesday following the acquisition of select assets from Eaze Technologies Inc.
The investment will fund the reopening of 70 Eaze and Green Dragon locations across California, Colorado, Florida and Michigan, including 57 retail stores, 11 delivery hubs and two production facilities, the company wrote in a press release.
Led by Cory Azzalino, who earlier confirmed the company’s closure in a letter shared on LinkedIn, the new Eaze Inc. will use the $10 million capital injection to “strengthen our supply chain, enhance the customer experience, and set the foundation for long-term success.”
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The company outlined several key initiatives to be supported by its Series B funding, including:
Eaze was first founded in 2014 and has expanded following the 2018 legalization of recreational cannabis in the Golden State.
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Cannabis Delivery Giant Eaze Rises From Ashes: How $10M Funding Could Power Its Comeback – Benzinga
