Eaze has had a good year. A couple months ago, Apple’s App store started allowing marijuana apps to make purchases within the app instead of needing to direct to a website.
Right away Eaze capitalized, which further solidified the accuracy of their name, making it simple to order marijuana and get it delivered directly within the app.
Now, they’re making acquisitions. This week, the company announced a deal in which they will buy Green Dragon, a retailer that works in Colorado and Florida.
Eaze has been operating in California and Michigan, so this would effectively put them in the four biggest marijuana markets in the country.
This is all a huge turnaround for the company, considering they were making layoffs and had trouble raising funds just two years ago. Now, they are expecting to be valued at $700 million, doubling its valuation from 2019.
It seems there were no better positioned weed companies looking to profit from the 2020 quarantine, and Eaze continues to ride that silver lining wave that occurred while everyone was stuck inside.
Read the original story at Tech Crunch.
