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

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