Newsbrief: Vireo buying Eaze in $47M stock deal
Photo by Jamieaze, Wikimedia Commons
Minnesota-based Vireo Growth said it would acquire fellow MSO Eaze for $47M in stock. The deal would give Vireo a footprint in California where Eaze is the largest delivery service and Florida where its affiliate Green Dragon has about 40 shops. Eaze also adds 14 Green Dragon Shops to Vireo's Colorado portfolio.
Once billed as the Uber of weed and valued at $700M, Eaze has struggled in California's very challenging market and experienced another setback when a 2024 ballot initiative to legalize . . .
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