Eaze Raising $75 Million, Buying Cannabis-Dispensary Chain Green Dragon – Business Insider
Eaze has big ambitions. Eaze
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Eaze is raising $75 million and buying Green Dragon, a dispensary chain, the company told Insider. CEO Rogelio Choy said Eaze had 80% of the capital committed. Eaze has pivoted from a delivery company to one that also sells and operates cannabis stores.
Eaze, a cannabis delivery service and retailer, is a company in transition.
By 2018, Eaze was one of the darlings of the young industry, securing a $400 million valuation and being touted as a prospective unicorn like Uber.
Then, the startup went through a few tumultuous years of executive churn, layoffs, and a legal battle that culminated in two former consultants getting charged with fraud.
Now Eaze is back with bigger ambitions: It wants to deliver cannabis — and sell it.
Raising $75 million, buying a dispensary chain
As part of that shift, Eaze CEO Rogelio Choy told Insider exclusively that the startup was looking to raise $75 million and already had over 80% of that sum committed. Eaze is raising the