Marijuana delivery giant Eaze may go up in smoke

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The
first
cannabis
 startup
to
raise
big
money
in
Silicon
Valley
is
in
danger
of
burning
out.
TechCrunch
has
learned
that
pot
delivery
middleman
Eaze
has
seen
unannounced
layoffs,
and
its
depleted
cash
reserves
threaten
its
ability
to
make
payroll
or
settle
its
AWS
bill. Eaze  was
forced
to
raise
a
bridge
round
to
keep
the
lights
on
as
it
prepares
to
attempt
a
major
pivot
to
“touching
the
plant”
by
selling
its
own
marijuana
brands
through
its
own
depots.

TechCrunch
spoke
with
nine
sources
with
knowledge
of
Eaze’s
struggles
to
piece
together
this
report.
If
Eaze
fails,
it
could
highlight
serious
growing
pains
amid
the
“green
rush”
of
startups
into
the
marijuana
business.


Eaze
,
the
startup
backed
by
some
$166
million
in
funding
that
once
positioned
itself
as
the
“Uber
of
pot”

a
marketplace
selling
pot
and
other
cannabis
products
from
dispensaries
and
delivering
it
to
customers

has
recently
closed
a
$15
million
bridge
round,
according
to
multiple
sources.
The
funding
was
meant
to
keep
the
lights
on
as
Eaze
struggles
to
raise
its
next
round
of
funding
amid
problems
with
making
decent
margins
on
its
current
business
model,
lawsuits,
payment
processing
issues
and
internal
disorganization.
[Read
more
at
TechCrunch
]